Some sellers shy away from selling by lease option, but it can be a good way to get the best of both worlds: you get a tenant for your house that is motivated to stay and to keep the house nicer than would be the case with a renter. On the other side of the coin, the buyer eventually gets to own the home if they continue to keep up their part of the bargain.
If you're nervous about selling by way of lease option, here are a few ideas on how to do it successfully. The first is to make sure that as many people know about the home as possible. In all your advertising, you want to include these important words: "rent to own." This phrase will bring a fairly large number of prospects to your door. In order to screen prospective buyers, record a message on your answering machine that outlines what you want for terms. Also in your message, ask them to tell you how much they can put down in order to "win" the chance at obtaining your home. This will allow you to call only those people who have indicated that they can put down a sizeable down payment.
Once you've gotten your list of best candidates, you can save your time and create a feeling of immediacy in buyers' minds by setting up a time to show the home to all prospective buyers at the same time. This situation will create a competitive atmosphere that is likely to sell your home on the spot. Sometimes for more money than you expected, if the bidding begins to get hot!
Once you've decided upon your home's "winner," you can increase your chances of nailing down your sale by having that person fill out the papers on the spot. That way, you won't have to start the entire process over if they back out. Have the applicants pay $20.00 or so to fill out the application, to be used to do a credit check.
It's possible that you won't be able to decide on the spot between several different applicants. If that's the case, have them ALL fill out the applications and pay their $20.00, and then tell them that you'll let them know who has "won" the house.
Using this process can greatly increase your chances of successfully selling your home using the lease option method--in an amazingly short time.
Tuesday, May 6, 2008
Lease Option Any Home
Haven't been able to achieve the "American Dream" of home ownership? No matter where you turn to try to buy a home you're always "turned down" or your just "don't qualify." We cure your heartbreak through our Lease Purchase. Do you fit this scenario: you have a good job, good rental history, and could pull together $6,000 or $7,000, but you have a few glitches and blemishes on your credit report or maybe just some slow pays, a car repo, or maybe some other type of credit problem. Because you're not an "A" credit borrower the lenders are telling you that you need 10% or 15% down payment (that's a lot on a $400,000 home), closing costs (another $5,000 or so), plus you're going to get a high interest rate! After hearing that a few times most families throw in the towel.
With our Lease Purchase Program we turn your nightmares into a real dream come true. Take the following for an example. You go to one of our open houses in the Southern California area, you fall in love with the home, and you call us saying, "I want it." At that point you fill out an application. Don't worry about this part; it's simple! We just have to verify the information. Then you fax it to us. Within 24 hours you get the answer you've dreamed of. IT'S YOURS! You're able to put down a minimum of $6,000 option fee downpayment, pay the first month's lease payment, and you're able to move in. You have simply signed a "Lease Agreement With Purchase Option," and it locks in a specific sales price, and the monthly lease amount. Plus it allows you to enjoy the home while you pull together the rest of your downpayment and clean up your credit rating. There is no long pre-qualification process, no days and days waiting for an answer, and no more rejection. The full option fee downpayment is credited back to you at closing when you're ready to get a mortgage in your name. Sometimes there is even a "rent credit" (a % of the monthly lease payment) built in that's also credited back to you a closing. Now that you're getting a clearer picture of what can take place, read the following and get really excited about your possibilities.
The Advantages of Lease Purchase
* You usually need only about $6,000 in downpayment for homes in the $350,000 to $400,000 price range. That's nowhere near what the mortgage company wants.
* You can move in quickly and enjoy the pride of home ownership immediately. There is no long waiting period for tons of paperwork to be done.
* You will have time (usually 12-24 months) to arrange your finances so you can qualify for a loan, save up the rest of your downpayment, and clean up your credit rating by establishing a solid payment history during the lease period.
* You can arrange the "Lease Agreement With Purchase Option" to allow a portion of the monthly lease payment to be credited to you at closing, thus building equity along the way.
* The full amount of the option fee downpayment is also credited to you at closing.
* It allows you to distance yourself from any major credit problems.
* You can wallpaper, paint, decorate and make improvements to the property knowing that the benefits are going to be to your advantage, not a landlord's.
* Qualification requirements are not as strict as conventional financing.
* There are no taxes or insurance to pay, however a rental policy is recommended.
* Repairs are covered through a Home Warranty Plan, which we usually recommend you obtain.
* Any appreciation that the property receives is your profit if you decide to sell one day. You're usually able to get a fair price with great terms and have your home ownership dream come true!
With our Lease Purchase Program we turn your nightmares into a real dream come true. Take the following for an example. You go to one of our open houses in the Southern California area, you fall in love with the home, and you call us saying, "I want it." At that point you fill out an application. Don't worry about this part; it's simple! We just have to verify the information. Then you fax it to us. Within 24 hours you get the answer you've dreamed of. IT'S YOURS! You're able to put down a minimum of $6,000 option fee downpayment, pay the first month's lease payment, and you're able to move in. You have simply signed a "Lease Agreement With Purchase Option," and it locks in a specific sales price, and the monthly lease amount. Plus it allows you to enjoy the home while you pull together the rest of your downpayment and clean up your credit rating. There is no long pre-qualification process, no days and days waiting for an answer, and no more rejection. The full option fee downpayment is credited back to you at closing when you're ready to get a mortgage in your name. Sometimes there is even a "rent credit" (a % of the monthly lease payment) built in that's also credited back to you a closing. Now that you're getting a clearer picture of what can take place, read the following and get really excited about your possibilities.
The Advantages of Lease Purchase
* You usually need only about $6,000 in downpayment for homes in the $350,000 to $400,000 price range. That's nowhere near what the mortgage company wants.
* You can move in quickly and enjoy the pride of home ownership immediately. There is no long waiting period for tons of paperwork to be done.
* You will have time (usually 12-24 months) to arrange your finances so you can qualify for a loan, save up the rest of your downpayment, and clean up your credit rating by establishing a solid payment history during the lease period.
* You can arrange the "Lease Agreement With Purchase Option" to allow a portion of the monthly lease payment to be credited to you at closing, thus building equity along the way.
* The full amount of the option fee downpayment is also credited to you at closing.
* It allows you to distance yourself from any major credit problems.
* You can wallpaper, paint, decorate and make improvements to the property knowing that the benefits are going to be to your advantage, not a landlord's.
* Qualification requirements are not as strict as conventional financing.
* There are no taxes or insurance to pay, however a rental policy is recommended.
* Repairs are covered through a Home Warranty Plan, which we usually recommend you obtain.
* Any appreciation that the property receives is your profit if you decide to sell one day. You're usually able to get a fair price with great terms and have your home ownership dream come true!
Friday, March 28, 2008
Find Lease Option Tenants
If you are considering selling a home through lease purchase option then you need to find lease option tenants. These are the people that consider buying home lease option as the best opportunity for them to own real estate.
Traditional tenants rent property for a variety of reasons that center around funding, or lack of it. However, there are some tenants that are in transition, have the financial means to buying home lease option and just haven’t found the right property yet.
Here are suggestions to find lease option tenants that are interested in buying home lease option from sellers like you.
* Consider your current tenants. Are they financially secured? Do they have a consistent work history, make prompt rent payments, and take care of the property? If so, they may not know that you would like selling a home through lease purchase option and you just need to approach them about buying home lease option.
* Listing your property as a seller who is selling a home through lease purchase option will generate a plethora of possible buyer/tenants. Find lease option tenants who have pre-approved financing or have relocated to your area and are want a permanent residence once they are sure the community fits their needs.
* List the property “rent to own” or “great fixer-upper” if the property is in need of improvement will help you find lease option tenants worth considering.
* Find lease option tenants with “fixer-upper” skills to work on the property. Knowing they are buying home lease option, and working on “their” property, makes them motivated to honor the agreement they made with you who is selling a home through lease purchase option.
* There are countless websites that offer services to sellers who are selling a home through lease purchase option. These sites are designed to help sellers find lease option tenants and help buyer/tenants keen on the idea of buying home lease option to find you the seller who is selling a home through lease purchase option.
* Contact a local corporation that provides relocation services for new employees. Inform them about your property, that you want to find lease option tenants, and that you are a seller motivated in selling a home through lease purchase option. They can help you find lease option tenants through their relocation “pool” and you have the confidence that as employees of that corporation relocating to your area, that they are more qualified in buying home lease option.
* Do you absolutely need to sell your home because you can't afford the payments anymore due to some circumstance such as job transfer and moving out of state and are now stuck with two mortgage payments? Find real estate investors like us who will find you a tenant-buyer for your property and work to get them financed, even if they don't have great credit. Plenty of people have a stable job and can make monthly mortgage payments but because of a lack of downpayment or little to no credit history cannot get a traditional loan from a bank.
Selling a home through lease purchase option, as you know, can provide you with increased cash flow, at the same time, secure the price of your property at a rate higher than future markets could attain, by acting now. Act now and find lease option tenants who want to buy property from owners selling a home through lease purchase option.
Do your research and get the best price for your property, choose those buyer/tenants who are focused on buying home lease option and seal the deal.
Traditional tenants rent property for a variety of reasons that center around funding, or lack of it. However, there are some tenants that are in transition, have the financial means to buying home lease option and just haven’t found the right property yet.
Here are suggestions to find lease option tenants that are interested in buying home lease option from sellers like you.
* Consider your current tenants. Are they financially secured? Do they have a consistent work history, make prompt rent payments, and take care of the property? If so, they may not know that you would like selling a home through lease purchase option and you just need to approach them about buying home lease option.
* Listing your property as a seller who is selling a home through lease purchase option will generate a plethora of possible buyer/tenants. Find lease option tenants who have pre-approved financing or have relocated to your area and are want a permanent residence once they are sure the community fits their needs.
* List the property “rent to own” or “great fixer-upper” if the property is in need of improvement will help you find lease option tenants worth considering.
* Find lease option tenants with “fixer-upper” skills to work on the property. Knowing they are buying home lease option, and working on “their” property, makes them motivated to honor the agreement they made with you who is selling a home through lease purchase option.
* There are countless websites that offer services to sellers who are selling a home through lease purchase option. These sites are designed to help sellers find lease option tenants and help buyer/tenants keen on the idea of buying home lease option to find you the seller who is selling a home through lease purchase option.
* Contact a local corporation that provides relocation services for new employees. Inform them about your property, that you want to find lease option tenants, and that you are a seller motivated in selling a home through lease purchase option. They can help you find lease option tenants through their relocation “pool” and you have the confidence that as employees of that corporation relocating to your area, that they are more qualified in buying home lease option.
* Do you absolutely need to sell your home because you can't afford the payments anymore due to some circumstance such as job transfer and moving out of state and are now stuck with two mortgage payments? Find real estate investors like us who will find you a tenant-buyer for your property and work to get them financed, even if they don't have great credit. Plenty of people have a stable job and can make monthly mortgage payments but because of a lack of downpayment or little to no credit history cannot get a traditional loan from a bank.
Selling a home through lease purchase option, as you know, can provide you with increased cash flow, at the same time, secure the price of your property at a rate higher than future markets could attain, by acting now. Act now and find lease option tenants who want to buy property from owners selling a home through lease purchase option.
Do your research and get the best price for your property, choose those buyer/tenants who are focused on buying home lease option and seal the deal.
Beach house rentals
We all love the sound of the ocean and the warm sand between our toes. Feel that bright sun washing over your tired body. Ahh, no wonder we all want to live at the beach. Sadly this is easier said than done. I mean have you actually check out beach-front real estate lately? It sells for a pretty penny. Make that a gorgeous penny. Clearly most of us can't afford that summer home right on the water's edge. However, that doesn't mean you can't take advantage of beach house rentals. Many of these are available on both coasts. Therefore you can take a break and enjoy the Pacific or Atlantic Ocean if you please.
As expected, many beach house rentals are extremely high priced. Much has to do with what you're looking for. Some beach homes I searched recently online were way over my head. I spotted a nice two story, simple honeymoon home right on the Florida coast, but was shocked at the rates. It read 3400 for summer rental. Now, I can't afford 3400 a month on top of my regular house payment. I can't imagine many of us could. Then when I clicked on the beach house to read more, I discovered something more absurd. The rate wasn't per month; it was per week. OUCH! My thoughts immediately went to celebrities and business moguls like Donald Trump. Who else could afford such rates for a summer beach home? I too want to have a blast on the beach during spring break of hot July, but not for that rate.
Naturally you can find some beach house rentals for less dough. But, don't kid yourself. They can also go much higher. Try nine grand per week during the high season, which is spring break and the summer months. Obviously these are the most desirable times to visit the beach. On the bright side, most of these beach homes are truly loaded with luxury goodness. It's all about the spacious rooms, hot tubs and swimming pools for parties. One particular website you can check out for up-close photos is www.beachhouse.com. I will suggest browsing for beach homes in North Carolina and South Carolina. Many I've seen go for considerably less than what you'll find in Florida and California.
As expected, many beach house rentals are extremely high priced. Much has to do with what you're looking for. Some beach homes I searched recently online were way over my head. I spotted a nice two story, simple honeymoon home right on the Florida coast, but was shocked at the rates. It read 3400 for summer rental. Now, I can't afford 3400 a month on top of my regular house payment. I can't imagine many of us could. Then when I clicked on the beach house to read more, I discovered something more absurd. The rate wasn't per month; it was per week. OUCH! My thoughts immediately went to celebrities and business moguls like Donald Trump. Who else could afford such rates for a summer beach home? I too want to have a blast on the beach during spring break of hot July, but not for that rate.
Naturally you can find some beach house rentals for less dough. But, don't kid yourself. They can also go much higher. Try nine grand per week during the high season, which is spring break and the summer months. Obviously these are the most desirable times to visit the beach. On the bright side, most of these beach homes are truly loaded with luxury goodness. It's all about the spacious rooms, hot tubs and swimming pools for parties. One particular website you can check out for up-close photos is www.beachhouse.com. I will suggest browsing for beach homes in North Carolina and South Carolina. Many I've seen go for considerably less than what you'll find in Florida and California.
Friday, March 14, 2008
Home Lease Services For Tenants
If you are considering selling a home through lease purchase option then you need to find lease option tenants. These are the people that consider buying home lease option as the best opportunity for them to own real estate.
Traditional tenants rent property for a variety of reasons that center around funding, or lack of it. However, there are some tenants that are in transition, have the financial means to buying home lease option and just haven’t found the right property yet.
Here are suggestions to find lease option tenants that are interested in buying home lease option from sellers like you.
* Consider your current tenants. Are they financially secured? Do they have a consistent work history, make prompt rent payments, and take care of the property? If so, they may not know that you would like selling a home through lease purchase option and you just need to approach them about buying home lease option.
* Listing your property as a seller who is selling a home through lease purchase option will generate a plethora of possible buyer/tenants. Find lease option tenants who have pre-approved financing or have relocated to your area and are want a permanent residence once they are sure the community fits their needs.
* List the property “rent to own” or “great fixer-upper” if the property is in need of improvement will help you find lease option tenants worth considering.
* Find lease option tenants with “fixer-upper” skills to work on the property. Knowing they are buying home lease option, and working on “their” property, makes them motivated to honor the agreement they made with you who is selling a home through lease purchase option.
* There are countless websites that offer services to sellers who are selling a home through lease purchase option. These sites are designed to help sellers find lease option tenants and help buyer/tenants keen on the idea of buying home lease option to find you the seller who is selling a home through lease purchase option.
* Contact a local corporation that provides relocation services for new employees. Inform them about your property, that you want to find lease option tenants, and that you are a seller motivated in selling a home through lease purchase option. They can help you find lease option tenants through their relocation “pool” and you have the confidence that as employees of that corporation relocating to your area, that they are more qualified in buying home lease option.
* Do you absolutely need to sell your home because you can't afford the payments anymore due to some circumstance such as job transfer and moving out of state and are now stuck with two mortgage payments? Find real estate investors like us who will find you a tenant-buyer for your property and work to get them financed, even if they don't have great credit. Plenty of people have a stable job and can make monthly mortgage payments but because of a lack of downpayment or little to no credit history cannot get a traditional loan from a bank.
Selling a home through lease purchase option, as you know, can provide you with increased cash flow, at the same time, secure the price of your property at a rate higher than future markets could attain, by acting now. Act now and find lease option tenants who want to buy property from owners selling a home through lease purchase option.
Do your research and get the best price for your property, choose those buyer/tenants who are focused on buying home lease option and seal the deal.
Traditional tenants rent property for a variety of reasons that center around funding, or lack of it. However, there are some tenants that are in transition, have the financial means to buying home lease option and just haven’t found the right property yet.
Here are suggestions to find lease option tenants that are interested in buying home lease option from sellers like you.
* Consider your current tenants. Are they financially secured? Do they have a consistent work history, make prompt rent payments, and take care of the property? If so, they may not know that you would like selling a home through lease purchase option and you just need to approach them about buying home lease option.
* Listing your property as a seller who is selling a home through lease purchase option will generate a plethora of possible buyer/tenants. Find lease option tenants who have pre-approved financing or have relocated to your area and are want a permanent residence once they are sure the community fits their needs.
* List the property “rent to own” or “great fixer-upper” if the property is in need of improvement will help you find lease option tenants worth considering.
* Find lease option tenants with “fixer-upper” skills to work on the property. Knowing they are buying home lease option, and working on “their” property, makes them motivated to honor the agreement they made with you who is selling a home through lease purchase option.
* There are countless websites that offer services to sellers who are selling a home through lease purchase option. These sites are designed to help sellers find lease option tenants and help buyer/tenants keen on the idea of buying home lease option to find you the seller who is selling a home through lease purchase option.
* Contact a local corporation that provides relocation services for new employees. Inform them about your property, that you want to find lease option tenants, and that you are a seller motivated in selling a home through lease purchase option. They can help you find lease option tenants through their relocation “pool” and you have the confidence that as employees of that corporation relocating to your area, that they are more qualified in buying home lease option.
* Do you absolutely need to sell your home because you can't afford the payments anymore due to some circumstance such as job transfer and moving out of state and are now stuck with two mortgage payments? Find real estate investors like us who will find you a tenant-buyer for your property and work to get them financed, even if they don't have great credit. Plenty of people have a stable job and can make monthly mortgage payments but because of a lack of downpayment or little to no credit history cannot get a traditional loan from a bank.
Selling a home through lease purchase option, as you know, can provide you with increased cash flow, at the same time, secure the price of your property at a rate higher than future markets could attain, by acting now. Act now and find lease option tenants who want to buy property from owners selling a home through lease purchase option.
Do your research and get the best price for your property, choose those buyer/tenants who are focused on buying home lease option and seal the deal.
Options To Have Home Lease Facilities
Haven't been able to achieve the "American Dream" of home ownership? No matter where you turn to try to buy a home you're always "turned down" or your just "don't qualify." We cure your heartbreak through our Lease Purchase. Do you fit this scenario: you have a good job, good rental history, and could pull together $6,000 or $7,000, but you have a few glitches and blemishes on your credit report or maybe just some slow pays, a car repo, or maybe some other type of credit problem. Because you're not an "A" credit borrower the lenders are telling you that you need 10% or 15% down payment (that's a lot on a $400,000 home), closing costs (another $5,000 or so), plus you're going to get a high interest rate! After hearing that a few times most families throw in the towel.
With our Lease Purchase Program we turn your nightmares into a real dream come true. Take the following for an example. You go to one of our open houses in the Southern California area, you fall in love with the home, and you call us saying, "I want it." At that point you fill out an application. Don't worry about this part; it's simple! We just have to verify the information. Then you fax it to us. Within 24 hours you get the answer you've dreamed of. IT'S YOURS! You're able to put down a minimum of $6,000 option fee downpayment, pay the first month's lease payment, and you're able to move in. You have simply signed a "Lease Agreement With Purchase Option," and it locks in a specific sales price, and the monthly lease amount. Plus it allows you to enjoy the home while you pull together the rest of your downpayment and clean up your credit rating. There is no long pre-qualification process, no days and days waiting for an answer, and no more rejection. The full option fee downpayment is credited back to you at closing when you're ready to get a mortgage in your name. Sometimes there is even a "rent credit" (a % of the monthly lease payment) built in that's also credited back to you a closing. Now that you're getting a clearer picture of what can take place, read the following and get really excited about your possibilities.
The Advantages of Lease Purchase
* You usually need only about $6,000 in downpayment for homes in the $350,000 to $400,000 price range. That's nowhere near what the mortgage company wants.
* You can move in quickly and enjoy the pride of home ownership immediately. There is no long waiting period for tons of paperwork to be done.
* You will have time (usually 12-24 months) to arrange your finances so you can qualify for a loan, save up the rest of your downpayment, and clean up your credit rating by establishing a solid payment history during the lease period.
* You can arrange the "Lease Agreement With Purchase Option" to allow a portion of the monthly lease payment to be credited to you at closing, thus building equity along the way.
* The full amount of the option fee downpayment is also credited to you at closing.
* It allows you to distance yourself from any major credit problems.
* You can wallpaper, paint, decorate and make improvements to the property knowing that the benefits are going to be to your advantage, not a landlord's.
* Qualification requirements are not as strict as conventional financing.
* There are no taxes or insurance to pay, however a rental policy is recommended.
* Repairs are covered through a Home Warranty Plan, which we usually recommend you obtain.
* Any appreciation that the property receives is your profit if you decide to sell one day. You're usually able to get a fair price with great terms and have your home ownership dream come true!
With our Lease Purchase Program we turn your nightmares into a real dream come true. Take the following for an example. You go to one of our open houses in the Southern California area, you fall in love with the home, and you call us saying, "I want it." At that point you fill out an application. Don't worry about this part; it's simple! We just have to verify the information. Then you fax it to us. Within 24 hours you get the answer you've dreamed of. IT'S YOURS! You're able to put down a minimum of $6,000 option fee downpayment, pay the first month's lease payment, and you're able to move in. You have simply signed a "Lease Agreement With Purchase Option," and it locks in a specific sales price, and the monthly lease amount. Plus it allows you to enjoy the home while you pull together the rest of your downpayment and clean up your credit rating. There is no long pre-qualification process, no days and days waiting for an answer, and no more rejection. The full option fee downpayment is credited back to you at closing when you're ready to get a mortgage in your name. Sometimes there is even a "rent credit" (a % of the monthly lease payment) built in that's also credited back to you a closing. Now that you're getting a clearer picture of what can take place, read the following and get really excited about your possibilities.
The Advantages of Lease Purchase
* You usually need only about $6,000 in downpayment for homes in the $350,000 to $400,000 price range. That's nowhere near what the mortgage company wants.
* You can move in quickly and enjoy the pride of home ownership immediately. There is no long waiting period for tons of paperwork to be done.
* You will have time (usually 12-24 months) to arrange your finances so you can qualify for a loan, save up the rest of your downpayment, and clean up your credit rating by establishing a solid payment history during the lease period.
* You can arrange the "Lease Agreement With Purchase Option" to allow a portion of the monthly lease payment to be credited to you at closing, thus building equity along the way.
* The full amount of the option fee downpayment is also credited to you at closing.
* It allows you to distance yourself from any major credit problems.
* You can wallpaper, paint, decorate and make improvements to the property knowing that the benefits are going to be to your advantage, not a landlord's.
* Qualification requirements are not as strict as conventional financing.
* There are no taxes or insurance to pay, however a rental policy is recommended.
* Repairs are covered through a Home Warranty Plan, which we usually recommend you obtain.
* Any appreciation that the property receives is your profit if you decide to sell one day. You're usually able to get a fair price with great terms and have your home ownership dream come true!
Sunday, February 24, 2008
Lease Option For Real Estate
The realestate lease purchase option -- also called a rent to own -- can reap profits for the savvy seller, especially in a slow housing market. Here are some lease option to buy explanations that can give you the confidence of an expert in this creative financial technique.
To maximize the realestate lease purchase option requires one to take a look at the immediate situation:
- Is the housing market slowing down in your area? Secure a buyer now at today’s market rather than at a lower price several months down the road.
- Has your property sat vacant, trying to find a conventional buyer? Offering the realestate lease purchase option opens the door to buyer/tenants anxious to move in now.
- Do you have a qualified buyer/tenant either in your property or ready to move in? Qualified buyers are the ideal candidate to work with. Lease option to buy explanations maximize the seller’s outcome with qualified buyer/tenants.
- Are you ready to increase monthly cash flow and cover the PITI of your property? Exercising the realestate lease purchase option will increase monthly cash flow through rent credits, which is covered below in lease option to buy explanations.
If you’re ready to exercise the realestate lease purchase option, have a buyer/tenant ready to move in, a contract will be your next step. Lease option to buy explanations assist both the buyer and the seller into a win/win situation.
The realestate lease purchase option can be customized to your individual arrangement. The lease option to buy explanations provide some clarifications to elements of the realestate lease purchase option.
Real estate investors, like us, can help motivated sellers move their properties on a lease option and help motivated buyers (even with poor or damaged credit) buy a home on lease option.
Benefits Of Selling House On Lease Option
Many people buy a house then have to move within a few years, due to divorce, relocation or financial difficulties. Without any equity though, it can be nearly impossible to find buyers and you still have realtor fees to contend with. There is a simple, easy way to have your payments taken care of for you and find a buyer, so that you can move onto your new life quickly and easily.
Homeowners can sell their homes by lease option.
What are the benefits of selling my house on a lease option?
When you lease option your house, you sell the right to purchase your home at a set price within a predetermined period of time. During that time, the purchaser of the lease option pays you a set monthly fee. They pay what amounts to their “rent” to you with the provision that they can purchase your house within a certain period of time and have part of the rent that they have paid you applied to their final purchase price.
Q What are the advantages of selling my home by lease option over listing it with a Realtor?
By selling your home in this way, you avoid realtor fees and some other closing costs. You also have a tenant who intends to purchase your property. They will take better care of the home than a renter would and may even fix it up a bit for you. You also, naturally, have your payments taken care of and keep the tax benefits of owning your home, until the final sale.
Q How long does it take before your tenant/buyer cashes me out?
A That depends on a number of different factors. Many people with less than perfect credit can rebuild their credit and receive a mortgage from a mortgage broker within 6 consecutive payments.
Q Why don’t I just sell the house myself?
If you have little or no equity in your home, it will not be considered a good investment by most buyers.
Q What if my tenant/buyer doesn’t buy the house?
A It is important to pre-screen buyers to make sure that they want to buy the house and are able to buy it at some point in the future. However, circumstances can change in someone’s life, such as an unexpected job transfer, that make it necessary to move. In situations like that, a new tenant buyer would have to be found.
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