Are you fed up with throwing away your hard earned money every month on rent?
Do you want to put your family into a beautiful place they can call home?
We can get you into a house even if you have what you think are "problems".
Here are some of the benefits of leasing a home with an option to buy through Good Price Homes:
Low option consideration.
Past credit problems usually not a problem.
Less qualifying restrictions.
Purchase price is agreed upon and locked in ahead of time.
You are able to check out the area and house thoroughly before purchasing the house.
We offer recommendations on a few credit counselors to assist you with disputing inaccuracies
on your credit report, and with establishing new credit.
Our Option consideration fee is fully credited to the cost of the house.
We offer recommendations on loan officers to assist you in obtaining permanent financing.
Simply fill out the Tenant/Buyer Information form or contact us to let us know
you are ready to step into the world of home ownership.
If you decide you would like to lease with an option to purchase a house,
after taking a look at the house and deciding which one is the right one for you,
we collect your option consideration fee and first month's lease payment.
With the seller's approval, we assign our option to buy and option to lease
over to you, allowing you to
exercise your right to enter into a lease agreement with the seller.
Once this is done, you are handed the keys to your new lease with an option to buy home!
If for any reason your application is rejected, the option consideration and
first month's lease payment is immediately returned to you.
It's that easy!
The first step to the dream of home ownership begins by filling out
the Tenant/Buyer Information form or contact us.
Once we have your information, we go to work putting you into a house.
Who Told You that You Couldn't Own a Home?
Many Other People Were Told the Same Thing.
Now they are on their way to Buying their Own Home.
'Rent to Own' (Lease with an Option to Buy)!
If you're like most people, you dream about buying a nice home in a nice
neighborhood. Well, here's your chance to make your house buying dream come
true! If you can afford a reasonable down payment and monthly payments, you
could easily qualify for one of our exciting Lease with an Option to Buy programs!
You can qualify for traditional financing later!
We can put you into a Lease with an option to Purchase agreement for as little
as 2% or 3% of the sales price.
Rent-to-Own vs. Owner Financing
Owner Financing is a nice choice but it is only available on certain properties.
Our owner financing guidelines require a minimum of 20% of the purchase price
as a down payment. You can choose to
pay more down to lower your monthly house payment.
It requires no bank financing or bank qualifying.
You can increase your take home pay. You get to deduct interest payments
and property taxes from your income taxes. This lowers your income taxes
and allows you to increase your deductions.
You can receive almost all the benefits of homeownership NOW without the hassle
of bank financing. We will let you know of any owner financing programs if they
become featured on any of the properties that we have available.
A Lease with an Option to Purchase
is by far our most popular avenue of non-conventional homeownership today.
With our Lease with an Option to Buy program,
improving your credit score is your responsiblity,
but we can give you recommendations on how to increase your scores.
As a principal in the transaction, we help home buyers and house sellers get
connected and make house buying happen!
Let Us Help You Find the Home of Your Dreams!
If you don't find what you are
looking for here, chances are we'll have a house in inventory soon that
will meet your needs. If you wish to be notified as soon as a house
becomes available that meets your criteria, be sure to join our email list.
Who We Are
We are a multi-service company who BUYS, REPAIRS, MANAGES, and SELLS HOMES.
We work with Buyers who want to secure a home, live in it now and want to
explore all options in how, when and what type of financing they will get to buy the home.
We work with Buyers who want to move into the property now before they
complete the tedious loan application and loan processing delays.
We work with all types of Buyers and situations. Some need time to alleviate
a shortage of down payment, some need time to solve credit issues, some just
want to "try-out" the house, schools or neighborhood.
After our Tenant/Buyers move in, we recommend lenders to help them
qualify for a new loan and then buy the property.
What We Do
We Work with Buyers who:
Need a Lease with an Option to Buy program
Need time to work out credit issues
Need a fair price
Need a reasonable down payment and monthly payments
Need quick attention
Need clear, easy-to-read, understandable paperwork
Need a way to build up enough down payment
Need someone who understands their problems and can provide solutions
How We Can Help
We have the "know how" to come up with creative solutions to fit your situation.
We have several properties to choose from.
We are problem solvers.
We create and provide win-win real estate solutions.
We can customize a program to suit any special situation.
Our 'Rent-to-Own' Lease with an Option to Buy Program
With 2% to 5% down as an Option-to-Buy Consideration Fee you can become a "Homeowner
in Training" giving you time to improve your credit and build up
your necessary down payment.
Once your credit has improved and you have accumulated enough money down
you can qualify for a traditional low rate bank loan.
This program is perfect for those with credit issues or those who
haven't saved enough down payment or just want to "test-out" the
neighborhood, the schools or the house.
WE'RE HERE TO HELP YOU!
How We Benefit You
Once your Option Consideration fee is placed in escrow, we can close fast,
if necessary, usually within 72 hours.
We can accept just about any credit as long as the down payment meets our requirements.
We can offer you a fair price and reasonable monthly payments.
We can work with you on the timing of your move.
Choice: Customize A House For You
If you like one of our houses, but it doesn't quite have all the features you want or
if the home needs repairs we may be able to work out some credits for quality
work you perform or have performed.
Renting vs. Leasing
Everyone probably already understands renting or leasing a house. Renting is usually
a monthly committment whereas a lease is usually for a term of at least one year
whereby even if the tenant moves out before the term is up, they still owe the
landlord the debt owed for the remainder of the lease period.
Lease Purchase vs. Lease with an Option to Buy
What is a Lease Purchase? (Rent to Own with Purchase Agreement)
Rent to Own is for someone who wants to buy the property but needs a flexible
seller who will allow them to rent for a short time while they qualify for a
traditional loan.
Typically 'rent-to-own' involves a lease with an option to buy, but sometimes
it can include a purchase agreement signed and agreed to instead of the option.
This is called a Lease Purchase instead of a Lease Option.
The tenant/buyer in a Lease Purchase (Rent to Own with Purchase Agreement program),
is agreeing ahead of time to purchase the property by signing a purchase agreement.
The tenant/buyer agrees to buy up front and he gets the privilege of renting
while he is getting his loan in place.
In a Lease Purchase scenario instead of the tenant excercising
an option to buy, they are committing in writing that they are going to buy by a certain date.
Then, once this agreement is established,
and the tenant/buyer is screened for approval and qualification, the tenant/buyer is
authorized to rent-to-own the property.
Each agreement can be different so carefully read and understand the one you
agree to. Instead of a Lease Purchase, most of our property offerings are
a Lease with an Option to Purchase. This provides our tenant/buyers with more flexibility.
A Lease Option (Lease with an Option to Purchase)
With a lease option, (a lease with an option to purchase),
the tenant is leasing the property.
Any time during the option period, if they want to buy the house,
they can exercise their option and purchase it for the price described in the
option. It's a pretty good deal for them. They can rent and, at their option,
they can buy the house whenever they like.
In the lease-option, you are leasing the property and if you feel like it,
you can buy the property by exercising your option to buy.
It's Your Decision.
Rent, rent-to-own, or lease with an option to buy. The choice is yours.
Get started today!
Rent-to-Own or Lease Option Opportunities
STEP 1
Tell us about the place you want to call home and PreQualify
Click Here to PREQUALIFY
for a Rent-to-Own or a Lease with an Option to Purchase!
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