When you sell the Option rights to your "end" tenant-buyer for a given property, the seller is going to be leasing their home with the Option to buy it for usually anywhere from 1 to 3 year term.
The "end" tenant-buyer to whom you're selling these Option rights, usually can't qualify for a conventional bank loan today, because:
And, because this unique "end" tenant-buyer hates the idea of being just a renter, but loves the idea of one day owning their own home, they opt to buy on a lease with the Option to buy - commonly referred to as a "Rent to Own" arrangement.
Understandably, the home owners we work with have some concerns:
Naturally, the above questions are valid questions that must be addressed, before any home owner would want to lease/ sell their property to someone using a Lease-Option.
And because we recognize that there are no guarantees in life, and that there are some inherent risks when leasing a property to someone, this post is meant to give you some "food for thought" so you can best explain to the sellers you work with the real benefits of working with you.
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