We provide full service real estate solutions for any and all of your
REAL ESTATE NEEDS.
The following summarizes our "Perfect Tenant Program," answers many of the most common questions regarding the program, and explains how it can be very beneficial way to sell your property for full market value and pay NO COMMISSION FEES. We look forward to discussing our program further and meeting with you soon.
Thank you.
What we do is purchase nice homes just like yours by guaranteeing a long-term lease with an option to purchase on an agreed upon date and at an agreed upon price. This program allows us to pay you much closer to your full asking price while providing you with solutions for your immediate and future needs. We would be responsible for all of the maintenance and management of the property while you get all of the benefits of property ownership.
We have a list of carefully selected young families who are looking to own a nice home like yours but unfortunately, they lack the ability to do so without a little help. The families we work with are unable to purchase a home because the either have no credit, some bumps in their credit, or they lack the 20% down payment that most conventional lenders require for them to buy a home.
Q What are the benefits of selling my house on a lease option?
A PRICE, CONVENIENCE, and SECURITY. We offer to buy your house at today's full market value and take care of the rest. When we lease option a house, we guarantee in writing that all the maintenance and repairs will be paid by us while we are selling your house to a tenant /buyer. We only deal with high quality people who are looking to buy, not just rent a house. This includes paying for advertising, screening potential tenant/buyers, and showing the house. We want the process of selling your home to go as smoothly as possible, with no more headaches for you caused by buyers who tell you they want a house, but end up not being able to qualify for financing. You are also relieved of having to pay double mortgage payments in the event that you move before you are able to get a buyer for your home. We simplify the process of selling your home by handling all the details that waist much of your time and money.
Q What are the advantages of selling my home by lease option over listing it with a Realtor?
A We make your monthly payments while a tenant/buyer is qualifying for a loan. All your expenses related to the house are taken care of. Try getting a Realtor to do that while listing your home! Another advantage is that our objective is to put only high quality tenant/buyers in the house since we make our profit by selling for higher than we buy. Since we guarantee all maintenance on the house, it is in our best interest to ensure that our tenant/buyer will take care of the home and eventually secure financing to cash you, the seller, and us out. This means we put our tenant/buyers through an intensive pre-screening process before they are even permitted to look at the house.
We don't work for commissions, so you keep your equity. And, because our profits are made by selling for slightly higher than we buy for, we have a vested interest in the house and in making sure it gets sold.
Q How long does it take before your tenant/buyer cashes me out?
A That can depend on a number of different factors. We work with many mortgage brokers that are usually able to get most people financed after they have paid for 12 months on the lease option. Since everyone's credit history and circumstances vary, the time period can be shorter or longer for the tenant/buyer we eventually put into the home. Because of this we can not guarantee the exact time our tenant/buyer will secure financing. However, until our tenant/buyer qualifies for financing, we continue to pay all the expenses related to the home. It is also in our best interest to get our tenant/buyer a new loan as soon as possible, since that cashes us out as well. We aggressively work to get our tenant/buyer financed as soon as possible.
Q Why don't I just sell my house myself or rent it in the meantime?
A These are always options available to you. The difference would be that you are responsible for your monthly payments, maintenance and repairs during the selling period. You need to try to find someone who can actually qualify for financing, wait for them to get approved, and hope they don't pull out of the deal, making you start the whole process over again. Renting during this period opens entirely new difficulties that would be landlords often overlook, especially when you are trying to show the home and sell while renters are living there.
Q Why don't I just find my own tenant/buyer?
A If you have the expertise to screen potential tenant/buyers, check references, know what sort of credit scores will allow someone to be able to be financed, deal with maintaining your home while someone else lives in it, work with the mortgage brokers to get them financed, and finally, process all the paperwork and set up a closing, then finding a tenant/buyer on your own would be a viable option for you. If you lack the expertise in any of these areas, we are able to help.
Q What if our tenant/buyer doesn't buy the house?
A Our tenant/buyers are carefully pre-screened to ensure that they want to buy the house and are able to do so at some point in the future. However, circumstances can change in someone's life, such as unexpected job transfer that can make it necessary to move. In situations like that, we continue to pay all the expenses for the house while we find another qualified tenant/buyer to put into the home. Remember, we make our money when your house sells!!