Benefits of the Lease Option Program
A Few Benefits of the Real Estate Lease Option Program in
Split of Equity Growth - You have the opportunity to realize a portion of any appreciation growht while you live in the home.
Rent Credit - Money is working towards the purchase of the home each month that you pay rent on time and will be credited towards your down payment or taken off the sales price.
Option Consideration - This is credited towards the purchase of the home when you execute your option, lowering your purchase price.
Minimum Cash Needed - When you purchase a home conventionally, you must pay closing costs, pre-paids and a down payment. With a lease option contract, you pay only the first month's rent and an Option Fee.
Closing Costs Are Delayed - Your closing costs will be delayed (not avoided) until you actually close on the home.
Profits from Appreciation – When you exercise your option, not only will you have equity from your Option Fee and rent credits but you'll also receive an equity split, meaning you will also receive a percentage of the equity from appreciation in the property.
Buying Power - Your buying power is drastically increased. You can get into a Lease-Option home for as little as the first month's rent and the Option fee. Compare that to a lender who requires 10-20% down plus closing costs and pre-paids.
Credit Problems ok - Qualification restrictions are not as strict as conventional financing. You will be approved at the sole discretion of Complete Real Estate Solutions, LLC.
No Taxes, Less Liability - Since you do not own the home yet, you will not have to pay property taxes and your liability exposure will be drastically reduced.
Time before you actually buy the home - You will have time to repair your credit, find the best financing available, investigate the home and research the neighborhood
Quick Move In Time - Move in time is typically less than one week compared to conventional move in times of one to three months from the time the offer was made.
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posted by Lease to Purchase Pro @ 11:29 AM
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