What Is the Option To Buy Payment and what are its benefits?

Paying The Option To Buy Payment gives you many benefits including the right to buy before anyone else during your Lease term or at the end of your lease term (1-3 Yrs) and is deducted from your purchase price at the time of purchase.

Paying The Option To Buy Payment allows you to move in immediately regardless of credit score, evictions, foreclosures and other issues.

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Benefits of Option To Buy Payment

A lease with an option to buy, also known as a rent-to-own agreement, offers several benefits for potential homebuyers:

Test Drive the Property: This arrangement allows you to live in the home before deciding to buy it, giving you a chance to thoroughly assess the property, the neighborhood, and the living conditions.
Build Equity Gradually: A portion of your rental payments can be credited towards the purchase price, helping you build equity in the home even before you officially own it.
Time to Improve Credit Score: If you have a less-than-ideal credit score, the lease period provides time to work on improving it, which can be beneficial when applying for a mortgage to purchase the home later.
Locked-in Purchase Price: Often, the purchase price is agreed upon at the start of the lease, which means you could benefit if the property value increases over the lease term.
No Large Down Payment Required Initially And An Opportunity To Save For A Down Payment: Unlike traditional home buying, you don’t need to have a large down payment until you're ready to buy. The lease term can be used as a period to save up for a down payment, especially if a portion of the rent is going towards the future purchase. Giving you time to save for it by the time your credit improves. The initial financial requirement is usually just the lease option to buy fee.
Flexibility: If you decide not to buy the home at the end of the lease, you can walk away (subject to the terms of your contract). This gives you flexibility if your circumstances change.
Familiarity with the Property: Living in the home before buying provides a deep understanding of any issues or benefits of the property that may not be apparent during a traditional home buying process.
Potential Tax Advantages: There may be tax benefits during the leasing period, such as deductions for lease payments, depending on local tax laws.

*It's important to carefully review the terms of a Rent To Own, Lease Option To Buy or Lease Purchase Agreement and consult with a real estate professional or attorney to understand all implications and responsibilities.

Improve Your Credit

Save For Downpayment

Locked In Purchase Price

Build Potential Equity

So How Does The Process Basically Work?

You view the property to see if you like it.

If you decide to move in then you'll fill out a standard application for information required for us to draft up the Lease Agreement and the Tenant Purchase Option Agreement.

You will not have to qualify at all based on your credit score, so don't worry about that. Instead your qualification will be based on your ability to pay what we require to move into the home.

We will run your credit with the 3 credit reporting agencies to help you identify understand and fix any issues you may have when you are ready to buy the house at the end of your lease term and to verify who you are.

Upon payment and receipt of the required Option To Buy payment, security deposit and first months rent, you will then sign the Lease Agreement, and the Tenant Purchase Option Agreement and will be given keys and access to the home immediately. You may then move in at anytime.