Why A Lease Purchase Becoming A Top Alternative To Selling a Home

Our fast, easy approach to home selling has helped hundreds of people in the United States.

How can it help you? Our objective is to make this as simple as possible for you so that you can move on with your life, and quit worrying about your house. We strive to achieve a win-win-win situation in all our lease purchases.

You, as the seller of the house, win by receiving the assurance of knowing that while the house is being sold, all of the expenses are taken care of, the house is maintained, and you are receiving all of the tax benefits associated with being a landlord, with none of the management responsibilities.

Our tenant-buyer wins by getting to own a home in a shorter amount of time than it would take them if they were trying to buy conventionally, as well as being able to immediately occupy their new home, while qualifying for a loan. Our system provides the paperwork that mortgage lenders look for when qualifying people for loans to assist our tenant-buyers.

In addition, we give our tenant-buyers immeadiate credit tips and a coach to assist in the loan qualification process. Generally, they need 12 to 18 months to get approved by a bank, but our goal is to get you cashed out sooner because that is when we make our money too.

We win by profiting from the sale of the home, as well as gaining two more satisfied customers. The reason that we are in business, of course, is to make a profit, as well as to use our expertise in real estate transactions to assist homebuyers and sellers in making the sale or purchase of their home an easy, stress-free one.

Summary of Benefits For You:

No more vacanciesWe take the house in as-is condition
Save or repair your creditWe make your payments, guaranteed
Automatic principal reduction in your
mortgage
No more missed or late mortgage
payments
Longer than a normal lease periodImmediate debt relief
No management / rental headachesNo more minor repairs
Opportunity for an increase in total incomeYou retain all the property tax benefits
You may qualify for additional tax
deductions (including depreciation,
improvements, and repairs)
Possibly decrease tax liability by turning
short term capital gain into long term
capital gain (lower tax rate)

Frequently Asked Questions

What is a Lease Purchase?

A lease purchase is a situation where we agree to a price today and on a cash out sometime in the near future. In the meantime, we would take over paying the mortgage – including taxes and insurance. We would be responsible for the home just as if we owned it, which includes all maintenance and repairs.

Basically it’s a delayed cash sale at the end of the day. It is both a seller and a buyer’s dream come true because it can eliminate many of the negatives normally attributed to the selling, buying and renting of a home.

How does it work?

We present a monthly lease amount as well as a pre-determined sales price that is agreed to by all parties. A lease purchase is basically a monthly lease set up over a pre-determined period of time. At the end of that time, we purchase the home from you for whatever the predetermined price is.

The basics are simple:

  • You lease your property to Real Home Solutions, LLC
  • You give Real Home Solutions, LLC the right to buy your property for a set price.
  • Real Home Solutions, LLC places a tenant-buyer in your property.
  • The tenant-buyer receives the right to buy your property at your agreed price.

How much is this going to cost me?

The answer is simple. It doesn’t cost you anything. We make our money from our tenant-buyers, not from you. If you decide to do a lease purchase with us, you do not have to pay us a commission. We also pay all of the closing costs.

How can I make 10-15% more from the sale of my house?

Our Platinum Lease-Purchase program generates a profit of 10-15% over a traditional sale because we do not charge real estate commissions and you can receive positive monthly cash flow until you are fully cashed out at a predermined date in the near future.

What are the advantages of selling my home by lease purchase over listing it with a Realtor

We are buying your house, not listing it. We make your monthly payments while a tenant-buyer is qualifying for a loan. All your expenses related to the house are taken care of. Another advantage is that our objective is to put only high-quality tenant-buyers in the house.

Since we guarantee all maintenance on the house, it is in our best interest to ensure that our tenant-buyer will take care of the home and eventually secure financing to cash you, the seller, and us out.

This means that we put our tenant-buyers through an intensive pre-screening process before they are even permitted to look at the house. We don’t work for commissions. And, because our profits are made by selling for slightly higher than what we buy for, we have a vested interest in the house and in making sure it gets sold.

How long does it take before your tenant-buyer cashes me out?

That can depend on a number of different factors. We work with many mortgage brokers that are usually able to get most people financed after they have paid for 12 months on the lease purchase. Since everyone’s credit history and circumstances vary, that time period can be shorter or longer for the tenant-buyer that we eventually put into the home.

Because of this, we cannot guarantee the exact time our tenant-buyer will secure financing. However, until our tenant-buyer qualifies for financing, we continue to pay all the expenses related to the home. It is also in our best interest to get our tenant-buyer a new loan as soon as possible, since that cashes us out as well as you. We work aggressively to get our tenant-buyer financed as soon as possible.

Why don’t I just sell the house myself or rent it in the meantime?

These options are always available to you. The difference would be that you are responsible for your monthly payments, maintenance and repairs during the selling period. You need to try to find someone who can actually qualify for financing, wait for them to get approved, and hope that they don’t pull out of the deal, making you start the whole process over again.

After your home has now been on the market for a long time, it appears that something is wrong with it to the next potential buyers. Renting during this period opens entirely new difficulties that wouldbe landlords often overlook, especially when you are trying to show the home and sell while renters are living there.

Why don’t I just find my own tenant-buyer?

If you have the expertise to screen potential tenant-buyers, check references, know what sort of credit scores will allow someone to be able to be financed, deal with maintaining your home while someone else lives in it, work with mortgage brokers to get them financed, and finally, process all the paperwork and set up a closing, then finding a tenant-buyer on your own would be a viable option for you. If you lack the expertise in any of these areas, we are able to help.

What if your tenant-buyer doesn’t buy the house?

Our tenant-buyers are carefully pre-screened to ensure that they want to buy the house and are able to do so at some point in the future. However, circumstances can change in someone’s life, such as an unexpected job transfer that can make it necessary to move. In situations like that, we continue to pay all the expenses for the house while we find another qualified tenant-buyer to put into the home. Remember, we make our money when your house sells.

How can you say I won’t have any vacancies?

You won’t because your tenant will be Real Home Solutions, LLC. We’ll agree on a lease term; 3 years, 5 years, whatever you want. And that’s the end of your vacancy problem. If our tenant-buyer moves out, then that’s our problem, not yours. We’ll keep paying like clockwork.

How do you eliminate my maintenance and repair problems?

You’ll have 4 levels of protection. First, Real Home Solutions, LLC will purchase a homeowner’s warranty at no cost to you and will keep it in force for the life of the lease. Second, the tenant-buyer will be required, by the terms of his or her lease, to perform all regular maintenance and repairs. Third, if any problem comes up that the tenant-buyer is unable or unwilling to perform, Real Home Solutions, LLC will do it. And, fourth, you’ll maintain your homeowner’s policy to protect against incidents covered by insurance.

What do I have to do?

For the most part, as the homeowner you don’t have to do anything. We take care of all the paperwork as well as the placement of tenants and monthly payments. And because you don’t have to worry about the day to day repairs, the only thing you need to decide is where you want your monthly checks sent. It is really quite simple.

How do I get my payment each month?

We can set it up however you like. Some of our homeowners like for us to electronically send the payment each month straight to their bank account. Others prefer us to set up an escrow account where we mail the rent to the escrow account and the account pays the mortgage. (You can call the escrow account anytime and request a statement of activity so you can see when the rent was paid and when the mortgage was paid.) We normally set it up to automatically pay your lender each month. That way you won’t have to worry about a thing.

What if a tenant damages my house?

Although we can’t guarantee that a tenant won’t damage your house, our agreement states that if that happens, we will repair it at our expense. Our objective is not to find a “tenant” – our objective is to find a buyer who will eventually own your house.

We investigate them thoroughly before entering into an agreement with them. Damages are rarely a problem. In fact, in most instances we have found that our buyers many times have improved a house with new carpet or some other upgrades, such as fencing. Again, if it does happen, we’ll fix it, and we put that in writing.

Who handles the paperwork? Do I have to pay for that?

Our attorney handles all of the necessary documents to make the transaction happen. And the best part is that you don’t need a PhD to be able to read them. Of course, you are always welcome to have these items reviewed by your real estate agent or attorney at any time during the course of the transaction. We want you to be 100% comfortable with everything before moving forward.

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