We find ourselves answering this question daily so below is a summary of why selling your home with terms might be your best option. We’re a small family company looking to buy 4+ homes every month. The market is constantly changing and in order to get Top Dollar for your property, sometimes you’ve got to change with it and be aware of your options.

Approximately 75-82% of the buyers cannot qualify TODAY for financing. That is a National number that is not improving. Alternatively, other buyers with good credit are looking for a way to buy now while they save more instead of renting while they save. Yet another group of people need seasoning as self-employed individuals. If you are selling with a Realtor or by owner, you are only marketing to 18-25%+- of the market. A smaller pool of buyers will obviously produce a lower price and less money for you.

We can buy homes all cash with a quick close, but that is typically for a property in need of repairs and/or for property owners who, for one reason or another need to sell fast. All cash offers usually come with a lower offer. We more frequently purchase with a lease purchase or owner financing – both of those with a short-term cash out for you at Full Market Value. When we meet, we can discuss what option is the best fit.

We are NOT Realtors offering a service and you will not pay us any fees. Many think these types of purchases are only for low-end homes or distressed sales. We can actually handle homes from $550,000 up to the Multi-Million Dollar range.

There are many people out there who have cash to put down, have good incomes, but have had life events or other challenges that caused their credit to go down. Things like divorce, death in the family or seasoning needed for a new business. We maintain a qualified database of these buyers.

The lease purchase means we are 100% responsible for maintenance, repairs, taxes, etc. after 30 days. If your insurance and taxes are currently escrowed, the monthly lease will cover them. Your equity is locked in, predetermined ahead of time and will not change.

If you have no mortgage currently, we can even pay a premium above market value!

Who is this not a fit for?

This isn’t a fit for anyone who has equity in the home that they need NOW to buy another home. It will still work but you would have to do a refinance, pull out cash needed and then secure a lease purchase with us to cover the new underlying mortgage.

What if I still have my loan and want to go buy another home and get a mortgage to do so?

Banks and mortgage companies vary on this one and you should shop around. I’ve seen them count your lease payment anywhere from 75%-100%. For example, if your mortgage payment is $1000 and you are collecting only $1000 on your lease, if they are only counting 75%, you will be credited for $750 monthly income as far as your debt to income qualifying ratio and that means you have $250 net debt. If they count 100% of your lease income, it’s a break even and will not at all affect you qualifying for a loan. There is a simple solution for this as well, which we can discuss.