Hey there, I'm Marisa; wife to John. Mother to: Manny, Christian, and Jackson. I am also the author of this blog.
Lover of Starbucks, make up, chuck taylors, flip flops, purses, music, movies, and books.
Hey there, I'm Marisa; wife to John. Mother to: Manny, Christian, and Jackson. I am also the author of this blog.
Lover of Starbucks, make up, chuck taylors, flip flops, purses, music, movies, and books.
Yours Truly
Sunday, July 3, 2011
WE FOUND A HOME!!!
We finally found a home. A home that we love. A home that we are leasing (I'll explain it further in a second). A home that has a minimum two year lease. A home that is "technically" cheaper then our current rental. A home that actually has a backyard that my children can play in. A home that has a TON of storage, wood floors, new appliances, a gas stove...oh my god....
Three months ago when we found that we would need to move...again...John started looking into a program called "lease to own". We were hesitant at first, it doesn't really sound legit, but after talking to John's mom as well as other real estate friends we heard that this is something that real estate agencies are currently doing because of the economic downturn. People just can't afford the down payment on homes these days, and this is a way that agencies are helping people buy their dream homes.
What's the program? We aren't exactly doing the "lease to own" because there would be no backing out if we decided that we didn't like the home in three or so years. The option that we are partaking in is called "lease plus".
Lease Plus takes $300 from our rent and puts it toward a down payment toward purchasing a home. We have a minimum two year lease, with a maximum of 6 years. If after 6 years (or sooner) we decide we want to purchase the home they will take 20% of the money we have paid and put it toward the down payment.
If in 6 years we decide we don't like the home anymore and want to back out completely, we get back 10%. Either way, we'll be getting some money back.
There is a 12 month warranty on the home. Inside this 12 months if anything in the house breaks or needs fixing, the agency will fix it. After 12 months, up keep is up to us (like leasing a car).
This entire situation has been so stressful. I feel like a weight has been lifted off of my shoulders. I can finally sign Manny up for Kindergarten. I can look into preschools for Christian. I can completely unpack!
We move in August 1st...I'm so ready to get out of this hell hole.
12:27 PM
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