JSC Rent To Own Homes

The Chicagoland Buyer's Choice Program

Commonly Asked Questions

CAN I REALLY CHOOSE ANY HOME I WANT?
Yes! However, we both want to avoid areas where homes are not appreciating. We want to be in good neighborhoods with good schools where property values steadily increase, not in a war zone. We are a company that invests in you as much as we invest in the home. We have each home inspected prior to closing and make sure that your home is in good condition and free of hidden problems in all major areas (roof, electrical, heating, cooling, and foundation).

HOW MUCH OF A DOWN PAYMENT WILL I NEED?
When you choose a home to purchase from the RealEstate Listings, you will need to provide a minimum 7.5% of the Listing Price as your down payment. This down payment will go toward the purchase of your home. Currently, we are working with homes between $140,000 and $350,000 in value. The down payments in our program can be as low as $10,500! Remember, we can accept borrowed funds and can give you until the inspection date on your new home to make the down payment.

ARE TAXES AND INSURANCE INCLUDED?
YES!! We pay the property taxes and the real property insurance. You are required to purchase a resident insurance policy to cover your possessions inside the home. You will have to pay for your utilities, and take care of maintenance on your new home. This is "YOUR HOME" and we want you to treat it as such.
CAN I BUY THE HOME BEFORE THE END OF THE LEASE? Yes, you can exercise your option to buy at virtually anytime during the lease period. On some homes, you'll need to live in the home for the first 12 months before exercising the option.

WHAT KIND OF IMPROVEMENTS CAN I MAKE?
We seek tenant-buyers who want to experience the benefits of home ownership and are willing to invest in a fine home. Build a deck, add a fence, paint the interior, and landscape the yard. All these activities add value to the home and boost your future equity.

WILL THE PRICE OF THE HOME GO UP?
Your option price remains locked-in during the option term. At any time during that period, you can purchase the home for the option price. By freezing the price of the home, you won't be 'shooting at a moving target' when you talk with the lenders.

YOUR PROGRAM IS UNIQUE, SHOULD I TELL OTHERS?
We provide a $300 finder's fee to you if you refer someone to us who contracts for one of our homes. When they sign the lease, we'll send you the $300.00!

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