Do you have bad credit, no credit, filed a bankruptcy, have a
ton of late pays, medical bills, or been through a divorce?
Well, we have the perfect solution for you - Lease Purchasing
your own home!
What is Lease Purchasing?
A Lease Purchase is a process that combines a basic rental lease
with an agreement to purchase, or with an option to purchase the
property. The Buyer (or Lease-Purchaser) pays to the seller a
monthly payment that usually approximates a rental amount or a
typical mortgage payment on the home. A percentage of that
payment is typically applied towards the purchase price. At the
end of the term, the buyer has the right to purchase the
property for the price and terms to which both parties have
previously agreed.
Put another way, a lease purchase is essentially a rental
agreement combined with a purchase contract with pre-negotiated
terms. The buyer leases the property for a specific period of
time and then purchases the property before the end of the lease
agreement. Sales price, length of rental, rent credits, escrow
instructions, etc., are all contained in the agreement.
A lease purchase is a wonderful way to control property without
the headaches of banks, mortgages, taxes or immediate loan
qualifying. Lease Purchasing gives you the right to buy the
property, but not the obligation to buy.
Following are just some of the benefits of Lease Purchasing for
the buyer.
1. Low down payment. 2. Qualification restrictions are not as
great as in conventional financing. 3. Past credit problems are
not usually a road block. 4. The option consideration can be
fully credited to the purchase price. 5. Your rent money is
working for you. 6. Purchase price is usually locked-in ahead of
time. 7. Gives you sufficient time to check out all the features
and faults of the house. 8. Time to check out the neighborhood.
9. Puts you in legal control of a property for a specified
period of time. 10. Time to shop for and obtain the best
financing. 11. Major maintenance and repairs are the
responsibility of the owner; you take care of nothing but minor
maintenance. 12. Profits, in case appreciation occurs and you
decide to sell in the future.
So, you ask, how do I lease purchase my own home? Drop by our
website and check out, How To Live In Your Dream Home Today And
Buy It Tomorrow; Without Mortgages, Real Estate Agents Or
Credit! Just click on the link below:
http://www.homebusinesssolutions.com/products/lpbuyerman.htm
We feel everyone deserves to own their own home, so why not
start looking for your dream home today!
Copyright DeFiore Enterprises 2005
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