| www.877QuikSel.com | |||
|
We don't want to list your house; we want to buy it!
|
UNDERSTANDING LEASE-OPTIONS
Leasing with an option to purchase is an excellent method to move from renting a home to being an owner. It offers many advantages over the traditional methods of purchasing a home. No large down payment required. Instead you pay an amount up-front called “option consideration.” This amount, generally about 5% of the purchase price, locks in the price during the term and gives you the exclusive legal right to purchase the property. However, you are not required to purchase. If you exercise the option, the option consideration is applied toward the purchase price. If you do not exercise, it is not refundable. This compensates the investor/owner for keeping the property off the market during the term and for locking in a purchase price, regardless of whether home values increase.
If you are working with less than 5% for an option deposit, we can work with you. A minimum of 3000 is required to lock in the purchase price but at that level will not credit toward the purchase price. If you can make payments toward the option deposit and if your housing budget allows you to make even 25 or 50 dollars over the base rent, we can give you full credit toward the option deposit. This is usually referred to as a Rent-to-Own. Ask us about this program. We will try to tailor something that will work for you that will get you started toward home ownership.
Rent credit. If you decide to purchase, an agreed-upon portion of your monthly rent (depending on the amount of your option deposit) is applied to either the purchase price or the down payment which may be required by a mortgage lender. This allows your rent money to be working for you, instead of being thrown away.
Profit from any appreciation during the term.
Time to check out the home and neighborhood before buying.
No up-front loan qualification necessary. In most cases, we only require income verification and references. In addition, when you decide to exercise, we work with many different lenders, so we can work with you to help you obtain the best financing for the best terms.
Allows time to save additional money for down payment, fix credit problems, etc.
No taxes to pay during your lease term!
Quick move-in time. No lengthy waits to arrange closing. Look today, move in tomorrow!
|
||
|
E mail: info@877quiksell.com |
|||
|
© Copyright Real Solutions 2003. |
|||
