Property Q&A in Roxboro>Question Details

Tasha, Other/Just Looking in Roxboro, NC

can it be rent to own about 550 a month?

Asked by Tasha, Roxboro, NC Sat Feb 28, 2009

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This question is about this property: http://www.trulia.com/property/1061291789-3970-Durham-Rd-Rox…

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3
You're right--I didn't realize this was only the mobile without the lot which does not make it real estate--This should not even be on Trulia.
0 votes Thank Flag Link Mon Mar 2, 2009
It is my understanding that the property you are referencing here is a manufactured home only. You will be required to find and pay for a suitable location for the home (a piece of land or lot that allows manufactured homes), as well as pay any costs for lot preparation, foundation, landscaping, driveway, permits and fees, water hook up fees (or well) and sewer hook up fees (or septic system). These costs can vary considerably based on location.

3970 Durham Rd is the business address of Freedom Homes of Roxboro, which sells manufactured homes. You could speak directly with them about any financing programs they may be able to offer.
Web Reference: http://www.StantonHomes.com
0 votes Thank Flag Link Mon Mar 2, 2009
Please check my other posts outlining the basics of rent to own. The main things you need to know are 1. The owner generally will require a nonrefundable of about 10% of the purchase price. In this case,about $15,600. 2. You will be required to pay a monthly rent that is ABOVE market rate for your area.3. these funds are placed in an escrow account to build up your down payment and nnonrefundable if you do not purchase at a specified time.
0 votes Thank Flag Link Sun Mar 1, 2009
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