Property Q&A in Schaumburg>Question Details

Kimberly Han…, Home Buyer in Schaumburg, IL

I am so interested in this home. My fiance and I are saving money on the down payment. Is there an option such as rent to buy within a year?

Asked by Kimberly Hanson, Schaumburg, IL Fri Dec 4, 2009

If not I understand. We live in Schaumburg right now and really love this home. We drive by it all the time. Since we are a young couple getting married in a year we were not sure if that was an option. I have had some friends in the past due it. Email me back if you can and let me know if you have heard of that. If not we will have to continue to save up as quick as we can for the down payment we would like to have to put down and hope that it is still on the market.


Kim Hanson

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Kim, there are a few different options available if you need help with down payment. Since this home is under contract, this would give you time to investigate other options available to you & your fiance.

Thanks, Lyn Sims
RE/MAX Suburban
0 votes Thank Flag Link Fri Dec 4, 2009
This home currently has an accepted contract on it; however, the contract is subject to the buyer closing the sale of his existing home. As a result it has a "kick-out" clause that goes into effect if another offer is submitted and accepted.

More often than not, when a contract gets to this stage of the process, it can be difficult for the second buyer to kick out the current contract-holder. But...the answer is always no unless you ask. So, if you would like to know what the next steps are, I would be happy to consult with you. Just give me a telephone call and there is never any obligation for information.

Sharon Poisel
Cell: 630-913-9730
0 votes Thank Flag Link Fri Dec 4, 2009
Actually, this one already has a purchase contract on it, subject to the closing of an already sold home, with a 48 hour Kickout clause if the sellers accept a better offer.
If you want, I can send you the homes that are available on a lease/purchase or rent w/ option(2 different things) or discuss financing plans that you may be able to use to buy sooner than you think.
I have been a Schaumburg realtor for 26 years and will be happy to meet with you over hot chocolate and discuss homes and any questions together.

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0 votes Thank Flag Link Fri Dec 4, 2009
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