YOUR
FREE REAL ESTATE REPORT!
The Most Flexible Way To
Buy Real Estate:
Owner Financing, Lease Option & Many Others
How To Buy Real Estate the
Easy Way
Have you given up on ever buying a home?
Would you like to own a home now, but can't qualify now?
If you answered "yes"
to either of these questions, I've got good news for you.
For the first time ever, a new special report
reveals powerful information to use to buy your next home
without banks.
This report presents a detailed approach to the most flexible technique
in real estate, it's called Owner Financing, Lease Option,
Rent to Own, Sweat Equity, Paint For Profit etc.
A Lease Option can be a tremendous benefit to homebuyers, home
sellers, landlords, investors or real estate agents.
Here's how Buyers, Sellers and even Agents can profit from Lease
Options!
What is the major "roadblock"
in real estate? I mean, what keeps would-be homebuyers from getting
their piece of the American Dream?
Banks and Bank Loans!
Lenders tack on huge fees, make buyers jump through hoops, require
large down payments and slow down the whole process. They are the
main reason it takes so long for buyers to meet their requirements.
And then it could take another 45 to 60 days to close.
On the sale of a $180,000 house, lender fees, appraisal fees, survey,
other closing costs, prepaids, points and commissions can run as
high as $20,000 or more!
There is a better way.
It works so easily because all parties involved can get what they
want out of a Lease Option transaction.
Advantages To Buyer
1. Very low down payment - 3 to 5% vs. 10 to 30%
2. No qualification necessary (credit problems are ok)
3. Option consideration is credited
4. Price is usually locked in for 1 year
5. Time to check out the house and neighbourhood (try before you
buy)
6. Control of the property
7. Time to obtain the best financing available
8. No taxes to pay, no liability
9. Buys time to repair credit or build extra down payment if needed
10. Quick move in time, no long or lengthy escrows or mortgage
approvals
11. Variety of housing available now
Here is a real example of how a Lease Option benefited
everyone involved…
John, with a recent bankruptcy, met with a mortgage broker who
said he could get a loan through in about 18 months or so if he
kept his credit clean. Lenders typically like to see two years of
clean credit after a bankruptcy before they will make a new loan.
An 18-month lease option was arranged with a purchase price of
$175,000. John would pay higher than normal rent of $1,450 but would
get $450 per month credited towards the purchase price if he paid
on time each month (per this example).
The Seller
Home Buyers Depot (HBD) quickly gets the sales price of $175,000
they wanted and a secure deal. They received $8,750 upfront as a
non-refundable option fee. HBD also gets about $200/month in slightly
above market rent that produced a positive cash flow. In the end,
HBD received more from the sale than they normally would have because
they avoided a full sales commission and holding costs. If the Buyer
would have defaulted, HBD could keep the option fee of $8,750, and
the Buyer could also lose the monthly rent credit going towards
the purchase at closing.
The Buyer
John came out great also! He and his family got possession immediately
of a lovely new home. By the end of 12 - 18 months, John had some
time to deal with his credit issues. John also had a history of
monthly payments paid on time and gave a fairly nice deposit upfront
at the beginning of the lease option agreement.
The Agent (in this example)
Sue received some of her commissions on the front end (a piece of
the $8750), and when John got qualified 12 - 18 months later, Sue
got the balance of the 3.5% commission.
p.s. Normally Agents don't like to wait.
Everyone wins!
Everyone came out a winner as is often the
case with lease options!
Contact Home Buyers Depot
now about how we can help you get into your next home easily.
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