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Why Lease
Purchase is fast becoming the sellers FIRST
CHOICE: as
an alternative to the traditional way of Selling Your House FAST!
Trying
to sell your house can at the very least be a hassle.
People who've never tried to sell a house themselves just don't
understand all that's involved. The
details, the time, the waiting, the no shows, the haggling, the expenses,
etc. The purpose of this
report is to provide you with a better and easier way, an alternative that
eliminates the stress and frustration that is normally associated with
selling a house. That
alternative is:
Lease
Option Purchase
Why
should I consider Lease Option Purchase?
There are several
advantages for you to consider.
1.
Usually top sales price for your property (no haggling).
2.
Large market of available buyers at all times.
3.
Better quality tenants because these are really tenant/buyers.
(They want to take good care of your property simply because at
some time in the future, it's going to become their property).
4.
All maintenance is delegated to the tenant/buyer.
This eliminates 2:00 A.M. phone calls.
5.
Seller remains on deed - it's still your property until the option
is exercised.
6.
Seller retains the tax shelter.
7.
Seller continues to enjoy all the tax advantages.
(Check with your tax advisor on this).
8.
No lengthy vacancies (unprotected properties).
Puts a new occupant (tenant/buyer) into the property in days or
weeks, rather than having to wait 45-60-90 days, which is typical with
conventional financing.
9
Lease purchasing (rent to own) puts pre-qualified, reliable
tenant/buyers in now vacant or soon to be vacant properties.
10.
That means someone is living on-site to watch your property (guard
against vandalism, fire danger, etc.).
That's like having a security guard living in your house that pays
you - rather than you having to pay them!
11.
Stops the money hemorrhage of mortgage payments in the case of
vacant properties or where a "tenant" may not be paying (it
happens).
12.
Saves the seller a lot of money (especially For-Sale-By-Owner) by
not having to advertise the property until it finally sells.
13.
No fees to pay (especially the 6% - 7% realtor commissions, closing
costs, etc.)
14.
Safer than conventional rentals, because of the quality of the
tenant/buyers.
15.
Helps seller to qualify for new financing.
16.
Doesn't matter what kind of mortgage seller has.
(Assumable, non-assumable, etc.)
17.
It separates your "house for sale" from all the others
and makes it easier to sell.
We
understand how to buy & sell homes using a lease and purchase program to provide
win/win solutions for buyers and sellers.
We obviously
intend to make a profit when we produce, however, our profit comes from
our buyer, not from you.
Now
we would like to give you a few examples of how we might help.
In
some cases, the new buyer comes to closing with the ability to pay off
your mortgage, and you receive your equity at that time.
This would be the best-case scenario.
Another
way is to let our qualified buyer assume your existing mortgage with you
being released from any liability. An
individual can qualify on your mortgage based on a formula, which
considers their credit, income, and debt load.
We've
worked with numerous mortgage companies in the past and know exactly what
they are looking for in a prospective applicant.
Most
of the time it simply makes more sense to have our buyer lease the house
while were waiting to close. Perhaps
our buyer needs time to accumulate the down payment or pay off a car
before they can qualify. Whatever
the reason, leasing to a buyer not only assures you that you won't have to
bear the burden of monthly mortgage payments prior to closing, but it also
makes it easier for the new buyer to move forward with qualifying for the
transaction.
The
best part is your loan doesn't even have to be assumable for this to work!
Regardless of the type of loan... assumable, non-assumable,
assumable with qualifying, VA, FHA, Conventional, our lease and purchase
program works for all transactions, because you never relinquish title
until it actually sells and we go to closing.
The
Bottom Line
We take care of your monthly payments, take on all responsibility for
the maintenance and upkeep of your property, find a qualified buyer, get
them to the closing table and liquidate your asset before it becomes a
liability! Seriously, does it
get any better than that?
What
is lease purchase?
A lease purchase is essentially a rental agreement combined with a
purchase contract with pre-negotiated terms.
The buyer leases the property for a specified period of time and
then purchases the property before the end of the lease agreement.
Sales price, length of rental, rent credits, escrow instructions,
closing costs, maintenance, etc. is all negotiated much the same as is
done in a conventional Real Estate transaction.
A lease purchase, if utilized properly, is a seller's or buyer's
dream come true because it can eliminate many of the negatives normally
attributed to the selling and buying of real estate.
What
if the tenant tears up my house?
There's no way we can guarantee you a tenant won't damage your house
since you or we won't be living with them.
But under the agreement we have with the seller, if that happened,
we would repair it at our expense.
Our objective is to find a buyer who will eventually qualify for a
loan, and not a "tenant". Damages
are rarely a problem. Again,
if it does happen, we'll fix it, and we will put that in writing.
When
will you sell my house?
We can't give you an exact date. It will be up to the tenant/buyer to
make that decision within the time frame they have.
We can tell you we get paid when they buy, so obviously we'll be
pushing them to do so... quickly! In
the meantime, your payments will be made, which relieves you of the
financial burden while we're selling.
How
do I know I can trust you?
We are part of a Real Estate Investment company that has been buying,
selling, and leasing houses in New Mexico for over 5 years.
Our group and affiliates have bought, sold and leased literally
hundreds of homes.
How
do I know you'll make my mortgage payments?
We can set up a third party escrow company to collect from us
and pay the mortgage for us. You can
also choose for us to pay your lender direct.
If we don't pay, the lender would immediately notify you.
You're always on top, whichever method you choose.
Why
don't I just list with a Realtor?
That's certainly an option, but obviously a Realtor won't make your
payment for you while they're attempting to sell your house.
We are willing to make your payment, sell your house, and maintain
it, all the while. I'll give
it my personal attention, and you can virtually forget about it until the
closing agent sends you a check along with a closing package to sign for
the sale to our buyer.
What's
the difference between renting my house and renting to own my house?
There's a big difference! With
lease purchase, we require the tenant/buyer to put up a larger
binder deposit that is to be applied towards the purchase of the property only!
If the tenant/buyer does not buy the property, that
"deposit" is non-refundable!
The deposit requirement is usually between 3% and 5% of the
purchase price. So as you can
see, it is substantial and far more than just a "deposit".
The "deposit" also serves as an "insurance
policy" against non-performance as well as damage to the property.
And because of the amount of the deposit, it pretty much assures us
that they are serious buyers and not just renters.
How
can you or your program help me?
With our experience we know
what homeowners go through when they try to sell their homes.
You may be in the "thinking about it" stage.
Maybe you've already tried listing your house with an agent...
maybe you haven't decided you're ready to go that route yet.
While
it can't hurt to list with a Real Estate agent or broker, by the same
token, do they ever seem to have the same feel for your house as you do?
After all, if you had a computer sitting in your office loaded with
thousands of nice, beautiful houses of all shapes and sizes, and price
ranges, what kind of real "selling" would you actually do?
Would
you really go all out and work on selling one particular customer's house?
Or, would you pick out a selection of several houses for your
prospective buyers, hoping to land them on one… any one of the many
houses you'd selected?
Come
on, you'd go with the numbers. After
all, you don't have any personal liability if the seller's house sits an
extra month or two... and besides, there's always the next customer.
And the next listing.
This
is why more and more folks have gone the "For-Sale-By-Owner"
route. You buy your sign, you
place your ad, and you show your home.
You wait. You call
back the lookers and leave messages on their answering machines.
Maybe you actually get a live one and write up an agreement!
Several
weeks pass. You start
thinking something is wrong. Financing?
But it's supposed to be the buyer's job to get a loan, not yours.
Right?
Can
you tell we've been there? Right
back on square one, with a beautiful home, priced right, and not a clue on
how to make it go away and looking down the barrel of a deadline to move.
We
know this is a lot of information to digest at one time, but if you're
still with us, chances are you’re interested in doing what it takes to
get your house sold quickly. We
do not know of an easier way to sell your house, that can give you more
money, and with none of the hassles normally involved in selling.
If you have a house and want to sell and if you're ready to act now or if you have some questions, you can:
Click here to EMAIL us Right Now!
Call us right now! 505-474-5621
P.S.
We don't know how many months you've been trying to sell your house
(or thinking about it) but every month you wait is costing you money.
Your home is an asset... sell it as an asset. Don't let it become a
liability, a burden. Don't
procrastinate… Contact us, especially if you have questions.
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