21440 Portland Ave, Purcell, OK 73080

This property is available on a rent-to-own basis. 3 bedroom / 2 bathroom / 1428 Square feet / Built 1998 4+ car garage, barn, shop 50' x 24' 5 acres (fenced) New roof installed Jan, 2017 Updated HVAC 2012 Privacy on dead end private drive Setup per HUD regulations on concrete runners and tie-downs Mixture of hardwood trees and native grasses Lots of wildlife Plenty of room to garden, plant orchard, raise livestock, etc. Completely remodeled and updated Stainless appliances 14' x 48' covered patio Whole house plumbed with PEX Pond, well, septic, lagoon, propane tank Frost free hydrants Wooden decks in front and back Terms: 36 month Lease to Purchase Purchase price $82,000 Option Payment $2900 (this goes towards your purchase price but is non-refundable if you don't buy) Deposit $900 Monthly rent $950 with $100 credit towards purchase price when paid on time. UNDERSTANDING LEASE-OPTIONS Leasing with an option to purchase is an excellent method to move from renting a home to being an owner. It offers many advantages over the traditional methods of purchasing a home. No large down payment required. Instead you pay an amount up-front called "option consideration." This amount, generally about 2.5% of the purchase price, locks in the price during the term and gives you the exclusive legal right to purchase the property. However, you are not required to purchase. If you exercise the option, the option consideration is applied toward the purchase price. If you do not exercise, it is not refundable. This compensates the investor/owner for keeping the property off the market during the term and for locking in a purchase price, regardless of whether home values increase. Rent credit. If you decide to purchase, an agreed-upon portion of your monthly rent is applied to either the purchase price or the down payment which may be required by a mortgage lender. This allows your rent money to be working for you, instead of being thrown away. Profit from any appreciation during the term. Time to check out the home and neighborhood before buying. We report your monthly rent payments to credit bureaus to help build your credit. In addition, we work with many different lenders, so we can work with you to help you build your credit over the term and obtain the best financing for the best terms. Allows time to save additional money for down payment, fix credit problems, etc. No taxes to pay during your lease term! Quick move-in time. No lengthy waits to arrange closing. Look today, move in tomorrow! A FEW COMMON QUESTIONS AND ANSWERS Q: Why should I pay option consideration when I can just rent by paying a security deposit and get it back when I move? A: When you rent, your rent money is not working for you; it just disappears month after month. The option consideration allows you to move toward home ownership while still keeping your payments affordable. Q: What if I decide I don't want to buy the property? A: You are not required to exercise the purchase option; however, the option consideration is NOT REFUNDABLE should you decide not to buy. Q: What if I need more time before buying at the end of the term? A: In certain cases, it might be possible to renew the lease for another term. This would require payment of additional option consideration, and could require that the purchase price be renegotiated. Q: What about utilities, property taxes and homeowner's insurance? A: All utilities are the responsibility of the tenant/buyer. Until you purchase, all taxes are paid by the seller. In addition, we will maintain insurance on the structure and grounds, but you should consider obtaining renter's insurance to protect the contents. Q: What about maintenance? A: The tenant/buyer is generally responsible for up keeping and repairs on the first $500.00 Q: Where can I get more information? A: If you have additional questions not answered here, please feel free to contact me at the numbers above.