Seller Q & A
Q: What type of agreement will we sign with you?
Q: What will this cost me?
If you wish to “do it yourself” we also offer Consultations.
Q: What is my involvement in collecting the rent and/or dealing with the tenant?
In other situations, we may agree to “stay in the middle” of the deal, wherein will be the “perfect tenant” and make sure rent is paid on time, deal with any repairs and maintenance, handle tenant calls and issues, etc.
Q: Why don’t I have just have my Realtor help me? Or, my Realtor says Lease Options don’t work.
While we do personally know some Realtors who understand how to properly set up Lease Options, most of the Realtors we have encountered do not. And let’s face it – the confused mind says “no”. In other words, what people don’t understand, they usually believe won’t work. (Our personal feeling is that some Realtors might also fear losing out on potential commissions from your listing…but that’s just a theory and we could be mistaken.)
Another important point is that our leases are “triple net” with the tenant taking responsibility for all routine maintenance and repairs on the home. (After all, it is going to be their home.) Our contract is structured to highly incentivize the tenant to purchase the home and provides the vehicle to ensure they are in position. We also understand finance, and what it takes to get financing, and we refer our clients to credit repair and other professionals, when appropriate. We believe in our clients and are willing to help this become the turning point in their lives!
Not having ever been involved in finance or credit restoration, most Realtors have no way of knowing what it will take to put someone in position to get a mortgage. Our involvement in qualifying a client for our program goes far beyond having someone else give them a credit score. Our clients come to us because they WANT to own a home and they are willing to work to get one. Your tenant will be qualified with the same standards that we use for our homes.
Q: Why can’t I just do this on my own?
We now offer CONSULTATION services for all the “do it yourselfers” out there!