A lease option is essentially a purchase contract combined with a rental agreement. The buyer leases the property for a specified period of time and then has the option of purchasing the property before the end of the lease agreement. Sales price, length of rental and closing costs are all negotiated much the same as a conventional real estate transaction. A lease option, if properly utilized, is both a seller and a buyer’s dream come true because it can eliminate many of the negatives normally attributed to the selling and buying of a home.

We present a monthly lease amount as well as a pre-determined sales price that is agreed to by all parties. A lease option / purchase is basically a monthly lease set up over a pre-determined period of time. At the end of that time, or sometime during that time the lessor purchases the home from you for whatever the pre-determined price is. The basics are simple:  You lease your property to me for a certain amount of time.  You give me the right to buy your property for a set price during that time frame.  We find a good family that can get approved for a loan sometime during the lease period. This Tenant/ buyer has to be approved by you. When we find a tenant/buyer that you approve we will assign the agreements between you and I over to the new tenant/buyer. At this time we’ll collect a small assignment fee from the tenant buyer and keys will be exchanged.

The answer is simple. It doesn’t cost you anything. We make our money from our tenant/buyers, not from you. If you decide to do a lease option with us, you do not have to pay us a commission.

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, that time period can be shorter or longer for the tenant/buyer that we eventually put into the home. Because of this, we cannot guarantee the exact time our tenant/buyer will secure financing. However, we do aggressively work to get our tenant/buyer financed as soon as possible.

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, work with 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, then we are able to help.

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 an unexpected job transfer that can make it necessary to move. In situations like that, you can sell the house yourself or we can start the process of Lease/purchasing it again.

We will purchase a homeowner’s warranty at no cost to you and will keep it in force for the life of the lease. And of course you’ll maintain your homeowner’s policy to protect against incidents covered by insurance.

For the most part, as the homeowner you don’t have to do anything. We take care of all the paperwork. The only thing you need to decide is where you want your monthly checks sent. We will have to make arrangements to show the prospective tenant/buyer the house at some point. It is really quite simple.

We can set it up however you like. We like to set it up to be drafted from the tenant/buyers bank account the first of each month. That way you won’t have to worry about a thing.