Lease then Purchase is a company that truly cares about the seller and buyer and their very unique situations. Because of this, we are able to help out two families. The first family being you, the seller of a home in a market that is very complex to sell in. There is probably nothing wrong with your house or your realtor; you are trying to sell your home at a time when the market is not favorable to you. With that being said, the buyers that we find are good people who pay their bills on time and have excellent jobs to do so. They have just had something catastrophic happen in their lives, like the loss of a job, or a divorce that has caused their credit to fall a little short of retaining traditional financing. Most of the time these hardships are well in their past; they have been back on their feet and working to successfully purchase a home and a second chance at home ownership.
Once you agree to put your house into the program, we will market the house aggressively on multiple platforms in additional to our proprietary list of potential buyers. The days of putting a sign in the yard and hope that someone will drive by and see it are long gone. We will also utilize many national websites in addition to our own. In return, we typically can find you a tenant/buyer within 30 to 45 days regardless if the market is “hot” or “cold”. Once we find someone who is interested in your property, we will then pull their credit to make sure they fit the criteria of the standards needed to proceed forward with the program. Our in-house mortgage broker analyzes their credit and debt to income ratio (DTI) to determine what actions are needed for them to qualify for permanent financing. Once we have a plan in place we contact you, the homeowner (seller), to discuss the prospective tenant/buyers current situation including their job, income, rental history, DTI, and most importantly, a realistic time frame for the buyer to obtain traditional financing to purchase the property. Now it is your turn, as you will have the final say on who is approved or denied for the program in regards to your home. Once we collectively select your new tenant/buyer we make all of the moving arrangements moving forward.
We realize that you would rather sell your house, but in the current market you have to be innovative and think outside the box. If you are not in a situation where you can’t afford to have your house sit on the market for months, give Lease then Purchase a try!
To have a Lease then Purchase representative contact you, fill out the information below.
