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BECOMING A TENANT-BUYER
Lease - Option Agreement
You really want to buy a home but there is a problem. You don't have a huge down payment and a credit report issue must be resolved. The good news is you can still move forward with your plans. A rent to own method, referred to as a lease option, gives you, as tenant, the right to purchase the property at an agreed on price within an agreed on period of time. If you decide the property isn’t right for you, you’re not legally obligated to carry through with the purchase.
GET STARTED
Tenant - Buyer
After contacting us, we assess your needs and begin the search for your future home. As a Tenant-Buyer, you'll have access to our Seller-Partner projects prior to them being publicly listed on online platforms.
NEXT STEPS
FIND A HOME
You may have already found your dream home from one of our online listings. If not, we will begin to actively search for properties that fit your needs and budget.
APPROVAL
Our approval team will request employment and rental verification forms that will authorize us to review historical information, credit reports and background checks. Other requested items will include pay stubs and bank statements. The charge for this service is a one-time $50 fee.
STRUCTURE THE DEAL
After approval, we lock in monthly payments and future selling price of the home. We require a non-refundable option fee of 2 - 7% of the sales price. If you are unable to afford all of this fee upfront, it may be split up into monthly payments. Option fees are credit to you if you exercise your option to purchase the home.
MOVE IN
Move in and live like a home owner. You must upkeep the home and pay for the minor repairs and maintenance. You will not be responsible to paying property taxes, home insurance or major repairs until you own the property.
EXERCISE YOUR OPTIONS
Before the end of your lease term(s), you can buy the property, using your option fee as credit towards the purchase. If you change you mind and decide to move, you are not obligated to purchase the home, however your option fee is forfeited.
BENEFITS OF OUR LEASE OPTION (Rent-to-own) PROGRAM
LOW DOWNPAYMENT
NO BANK QUALIFICATION
NO BANK QUALIFICATION
Our 2 - 7% Option Fee is credited towards the sales price of the home.
NO BANK QUALIFICATION
NO BANK QUALIFICATION
NO BANK QUALIFICATION
There is no use of a bank to enter into contract in our Lease Option program.
PRICE PROTECTION
NO BANK QUALIFICATION
APPRECIATION PROFIT
With a locked in sales price at the beginning of your lease term, you can better plan your financial strategy.
APPRECIATION PROFIT
KNOW YOUR NEIGHBORHOOD
APPRECIATION PROFIT
Any appreciation above the contracted sales price is yours to keep.
KNOW YOUR NEIGHBORHOOD
KNOW YOUR NEIGHBORHOOD
KNOW YOUR NEIGHBORHOOD
When you move in, you'll get a chance to get to know your neighborhood prior to purchasing the home.
NO TAXES TO PAY
KNOW YOUR NEIGHBORHOOD
KNOW YOUR NEIGHBORHOOD
During your lease contract term, you are not responsible for paying any property taxes.