A common avenue for buyers and sellers lately has been the lease purchase road to easy transitions. For buyers this has creating a nice period and goals to establishing stronger credit with a real project in mind to inspire this. The idea of working for your home while enroute to preparing to buy it has been the inspiration so many have needed to finally make it happen, and finally clean up their credit history.
What is "lease purchase"? A sales agreement combined with a lease in which the Tenant has exclusive rights to purchase the home within the lease period. The purchase price, monthly rent, rent credits, and length of lease are established up front. This is a great way to beat the rising home prices by lockng in a price now. This can be great for someone relocating quickly or just tired of paying rent, or need some time before the actual purchase.
When can you move into a lease purchase Charlotte home? - Depending on your needs, you can move into your new home in just a few days. In most cases Occupancy can be arranged to accommodate your current living situation.
Can I Qualify to lease purchase Charlotte home? - There is no bank involved at this point. We will get you in a monthly payment you can be comfortable with and work on building a record that will help you get the mortgage when the time is right.
True equity in a home True home ownership - A Lease Purchase locks in a purchase price the day you move in and remains the same throughout your lease. You can lock in the purchase price and get into a growing area and expanding market at a locked in price for the future.
Lower than rent - generally a lease purchase or “rent to own” situation provides a monthly rate will be less than a mortgage payment. You can build value in the home and build equity toward a downpayment with a slower rate to fit your needs at this time. All this time you are living in a beautiful lease purchase Charlotte home.
Works with all Credit Situations - With a Lease/Purchase your ability to make the monthly payments is our main concern. If there are credit issues to overcome this can be worked on and corrected while you're living in your home. With time on your side and our help, most credit issues can be corrected. You can take as little time as necessary to close, or we can give you additional time as needed.
We offer a fair price and huge rent credits - With a very small downpayment you can move into a lease purchase home in almost any any area of the US, only the tightest and best real estate markets do not offer this as an option.
What to be wary of? Check out the actual competitive values of home sin that area, many rent to own or lease purchase deals will elevate the price enough to cover the rent credits you are assessed. You will in this way not be establishing any true equity.
I hope this is a little bit enlightening as to some of the advantages of Rent to own situations. Read more on our city specific rent to own home real estate sites at
http://www.ncown.com
http://www.atlantaown.com
http://www.raleighown.com
http://www.schomeown.com
We work with licensed realtors in each city to provide a huge updated inventory in many communities.
About the Author
Mike Katz at http://www.ncown.com is a real estate investor and webmaster based in North Carolina.