What’s A Lease/Purchase?

         A Lease/Purchase (Rent to Own) is a Revolutionary new way of getting above-market rent and selling your home at the same time. (It is actually a "Creative Financing Technique" that enables the property owner to sell their home quickly for Full Fair Market Value.) No doubt, you have rented a house or apartment in the past, so you are familiar with a “Lease.”  Since you also bought a house, you are familiar with a “Purchase Offer.”  The Lease/Purchase Agreement is a combination of the two—it’s an agreement that combines the right of occupying property (the Lease) with the right to purchase the property at an agreed upon price (the Purchase Offer).

        The Lease/Purchase brings two parties together.  The owner, like you, wants a good price for his home and wants a quick sale; the buyer, like our client, wants a nice place to live but isn’t quite ready to qualify for the large loan that today’s prices demand.   This is understandable, given recent increases in home values. 

       The good news is that our client can pay above-market rent—comparable to your mortgage payment.  He will be motivated to do this if you grant him the right to buy your house in twelve months when he qualifies for his loan.  (Technically, this is called “an option to buy,” but its just part of our Lease/Purchase Agreement.)  While he is waiting to qualify, he will pay you rent, occupy your home, and incidentally, will maintain it with pride, because after all, he’s the future owner.

        You win two ways.  While other people are collecting low rents or “waiting for the right price,” you’re collecting high rents and enjoying YOUR ASKING PRICE.  This, essentially, is what our Lease/Purchase accomplishes.

Gar C. May  
Broker/Realtor®

Lease Purchase Solutions, Ltd.

gmay@san.rr.com

858-272-5510