Why Lease Purchase is fast becoming the seller's first choice as an alternative to the traditional way of selling your house fast! The lease purchase or "lease option" is probably the most effective way to move your property in today's market. We will lease the property from you with an agreed upon purchase price that is good for the term of the lease. We will find a suitable tenant/buyer whom we will pre-qualify and sublease it to them. When our tenant/buyer is ready to qualify for a loan, we buy the house from you. In the meantime your mortgage payment is covered. The best part is, your loan doesn't even have to be assumable for this to work for you! Here is a typical situation: A nice man named Steve (the name has been changed) from Phoenix decided to relocate to Atlanta. He rented his house to tenants whom he thought were responsible. Six months later, the tenants vacated the house and left a complete mess! He considered using a realtor, but he would still have to make the $1550/month mortgage payment while the house was vacant. Furthermore, he would have to pay thousands of dollars to repaint the house and replace the carpets. Steve called and told us the situation. We agreed that we would lease his property for two years with the right to buy it at an agreed upon price. We explained that we intended to find a qualified tenant who would immediately sublease the property from us until they were ready to buy. We cleaned up the house and immediately began looking for a qualified tenant/buyer. Frankly it was easy! You see, in this business we develop files on qualified buyers looking for houses. So we simply began calling some prospective clients, knowing that this met their criteria. One couple wanted to see it right away, so we met them at the house that afternoon. It was a "done deal." We immediately began walking them through the details required for getting loan approval (they had some credit glitches which took a few months to work out). During this process, we subleased the property to them, covering Steve's mortgage payments. Six months later, we bought the property from Steve and sold it to the tenants.
While it can't hurt to list with a Real Estate agent or broker, by the same token, do realtors ever seem to have the same feeling for your house as you do? After all, if you had a computer sitting in your office loaded with thousands of nice, beautiful houses of all shapes and sizes, and price ranges, what kind of real selling would you actually do? Would you really go all out and work on selling one particular customer's house? Or, would you pick out a selection of several houses for your prospective buyers, hoping to land them on one, any one of the many homes you'd selected? Come on, you'd go with the numbers. After all, you don't have any personal liability if the seller's house sits an extra month or two and besides, there's always the next customer. And the next listing. This is why more and more folks have gone the "For-Sale-By-Owner" route: You buy your sign, you place your ad, you show your home. You wait. You call back the lookers and leave messages on their answering machines. Maybe you actually get a live one to write up an agreement! Several weeks pass. You start thinking something's wrong. Is it financing? But it's supposed to be the buyer's job to get a loan, not yours. Right? You can tell we've been there? You are back on square one, with a beautiful home, priced right, and not a clue on how to make it go away. To make matters worse, you're looking down the barrel of a deadline to move or else. So what do you do? Answer: Call a specialist! We secialize in buying homes using a lease and purchase program to provide win/win solutions for buyers and sellers. We obviously intend to make a profit when we produce. However, our profit comes from our buyer, not from you. Big difference! Now we would like to give you a few examples of how we might help. In some cases, the new buyer comes to closing with the ability to pay off your mortgages, and you receive your equity at that time. This would be the best case scenario. Another way is to let our qualified buyer assume your existing mortgage with you being released from any liability. An individual can qualify on your mortgage based on a formula which considers their credit, income and debt load. No problem! We've worked with numerous mortgage companies in the past and know exactly what they are looking for in a prospective applicant. Most of the time, it simply makes more sense to have our buyer lease the house while we're waiting to close. Perhaps our buyer needs time to accumulate the down payment or pay off a car before they can qualify. Whatever the reason, leasing to a buyer not only assures you that you won't have to bear the burden of monthly mortgage payments prior to closing, but it also makes it easier for the new buyer to move forward with qualifying for the transaction. The best part is, your loan doesn't even have to be assumable for this to work! Regardless of the type of loan: assumable, non-assumable, assumable with qualifying, VA, FHA or Conventional, our lease and purchase program works for all transactions, because you never relinquish your home until it actually sells, and we go to closing.
We take care of your monthly payments, take on all responsibility for the maintenance and upkeep of your property, find a qualified buyer, get them to the closing table and liquidate your asset before it becomes a liability! And we'll never ask you for a dime. Now seriously, does it get any better than that? We do not know of an easier way to sell your house that can bring you more money with none of the hassles normally involved in selling. If you're ready to act now or if you have some questions, you can contact us at (480)226-3105 or (602)-292-0846. Please do not assume that we have to steal your house or that you need a lot of equity for us to be interested. We've worked under all kinds of circumstances and have created workable solutions after so-called experts have given up and quit. We specialize in solutions! By calling, you give us a chance to be your solution. We hope you will call and give us a chance to prove it to you.