Think You Can’t Afford Your Own Home, Think Again!Written by Sue and Chuck DeFiore
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 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 property. The Buyer (or Lease-Purchaser) pays to seller a monthly payment that usually approximates a rental amount or a typical mortgage payment on home. A percentage of that payment is typically applied towards purchase price. At end of term, buyer has right to purchase property for 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 property for a specific period of time and then purchases property before end of lease agreement. Sales price, length of rental, rent credits, escrow instructions, etc., are all contained in agreement. A lease purchase is a wonderful way to control property without headaches of banks, mortgages, taxes or immediate loan qualifying. Lease Purchasing gives you right to buy property, but not obligation to buy.
| | Sellers, Are You Having A Hard Time Selling Your Home?Written by Sue and Chuck DeFiore
Sue and Chuck DeFiore have perfect solution for you – Lease Purchasing your 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 property. The Buyer (or Lease-Purchaser) pays to seller a monthly payment that usually approximates a rental amount or a typical mortgage payment on home. A percentage of that payment is typically applied towards purchase price. At end of term, buyer has right to purchase property for 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 property for a specific period of time and then purchases property before end of lease agreement. Sales price, length of rental, rent credits, escrow instructions, etc., are all contained in agreement. A lease purchase is a wonderful way to control property without headaches of banks, mortgages, taxes or immediate loan qualifying. Lease purchasing gives you right to buy property, but not obligation to buy.
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