Minimum
Cash Out of Pocket: When you purchase a
home conventionally, anyone with less than perfect
credit must pay at least 10% down to 20% down,
plus closing costs and prepaids. When you buy
with a Lease Option home with us, you'll never
pay more than 7% down.
Profits
from Appreciation: Since the sales price
is locked in before closing (as specified in
your agreement), any increase in property value
will mean that your equity (what you owe minus
what it's worth) is increasing in the home.
At a minimum South Florida Real Estate is increasing
by at least 15% per year!
Credit
Problems are Okay: Qualification restrictions
simply do not exist. We simply look at your
ability to buy the within the next 2 years.
Part
of your Rent Money is Working Toward the
Purchase of the Home: Every month a
portion of your rent payment (typically
$50-$200, depending on the home) is credited
towards your down payment or off of the
sales price.
Option
Fee is Credited Towards the Purchase of the
Home: When you sign a Lease Option Agreement,
you will pay us an option fee. You then have
the choice to apply some of this money or
all of this money towards the down payment
on your home.
Frequently
No Down Payment at Closing: Since you have
given us an option fee and you have been receiving
monthly rent credits, there will frequently be
very little or nothing left to pay for a down
payment at closing.
Quick
Move In Time: You can typically take possession
of the home in less than one week instead of conventional
move in times of one to three months after your
offer was accepted.
A Lease Option is similar to any type of "option". It
gives the Optionee the right or privilege to do something. In
the case of a lease option, it allows the optionee the right to
purchase a home at some pre-defined terms.
In plain english you buy the right to have the option to buy the
property in between some terms that you and our company will agreed
on.
The
Lease Option Agreement is the quickest, easiest and least expensive
way to buy, sell or invest in real estate. It replaces the typical
adversarial relationship that usually exists between buyers and
sellers with a win-win method of buying your own home. As a result,
it is highly sought after by those who know about its powerful
features and benefits, If you are in the market to buy a home,
you are probably aware of the advantages home ownership provides
(tax shelter, appreciation, security, etc). If you are actively
seeking homes for sale on a Lease Option Agreement, you either
(1) cannot purchase a home through conventional means, (2) are
not ready to make a commitment, (3) are a real estate investor,
or (4) a combination of the above. We
provide you with many features and benefits, but perhaps the most
powerful one is the rate at which you accumulate equity. Compare
any lender's loan amortization schedule to that of a Lease Option
Agreement and you'll quickly see that the Lease Option Agreement
wins hands-down -- every time. Moreover, the buying power of a
Lease Option Agreement can quickly and easily land you a home
that you would never qualify for the conventional way.
Sign
up for FREE to the rent to own program and tell us what is your
dream home.
Our buyers range from individuals who have had some 'bad' luck
in the past, i.e. bankruptcy, divorce, etc.; haven't saved enough
of a down payment; new to this country with no credit history
or have enough money to put down, but don't want to use all their
cash towards a downpayment. When these type of situations happen
to a person, it can be difficult to get a mortgage due to poor
credit history or no credit history.
This type of situation can be overcome with time. A lease option
gives you time to repair or correct poor credit and time to create
new credit. When you lease option a home from us, your prompt
on time payments in your lease option home enhance your credit
worthiness when getting a mortgage. Additionally, we provide credit
repair and credit building services upon request. Sign
up for FREE to the rent to own program and tell us what is your
dream home.
555
Water Street, Miami, Florida - Sales price $250,000.,
Option Fee $25,000., and a monthly Lease Rate of $1,800.
The
$25,000.00 Option Fee gives you the right to purchase
555 Water Street, Miami, Florida for $250,000. within
18 months.
The
$25,000.Option Fee is applied back to the purchase price
of the property at the time you get your mortgage.
In
this example, you would have 18 months to acquire a
mortgage on this home. We would also reward on-time
payments by giving you an additional $100. for each
month your lease payment is received by the 1st of the
month. This could give you an additional $1,800. to
apply towards the purchase price of this home.
If
you always pay on time, this example would give you
an additional $26,800.towards your home. However, if
you decide not to purchase the home you would forfeit
all of your option considerations. Just like other options.
Therefore,
you need to be sure that you want AND can buy the home
prior to signing the option agreements.
Things
To Consider
Talking to a loan officer prior to signing any option agreements
is the best way to start your search. A reliable company we recommend
is Florida
Mortgage Info (we don't get any referral fees from this company
whatsoever). They can talk with you about your situation and should
be able to tell you what you will need in order to get a mortgage.
Benefits of Buying
a Lease Option Home 
Definition
Facts
Benefits
of Options 
How
We Work 
Things
To Consider