With my Lease To Own program, you can go from renting to owning in as little as 12 months.
Here's how it works...
You lease a property from with the option to buy it for up to 36 months while you work to resolve the issues keeping you from qualifying for a mortgage today.
For the right to buy the property, you pay a non-refundable fee, called option consideration equal to 2% - 3% of the purchase price, that entitles you the following benefits:
- It locks in the sales price, monthly payment, and monthly rent credit for the length of your agreement.
- It keeps the property from being sold to anyone other than you during the agreement.
- If you buy the property, this amount is applied 100% to the purchase price.
For every "on time" payment, you will get a credit up to 10% of the monthly payment towards the purchase price when you exercise your option to purchase the property.
Example - 123 Main Street, Prince George's County, MD
| Purchase Price |
$200,000.00 |
| Option Consideration (3%) |
$6,000.00 |
| Monthly Lease Payment |
$1,600.00 |
| Rent Credit |
$160.00 |
| Option Term |
24 months |
The purchase price of $200,000.00 is equal to the fair market value of the home compared to other sales in the marketplace.
The $6,000 Non-Refundable Option Consideration is applied to the purchase price of the property when you exercise your option to purchase the property.
The $1,600.00 Monthly Lease Payment is due on or before the first of each month.
For every on-time monthly payment, you get a credit up to $160.00 towards the purchase price when you exercise your option to purchase the property.
If you exercise your option to purchase the property at the end of two years, you will have accumulated $3,800 in rent credits to be applied to the purchase price in addition to the $6,000 in option consideration, you would only have to qualify for a mortgage of $190,200.00
However, if you decide not to purchase the home you forfeit all of your option consideration and any accumulated rent credits, therefore you need to be sure that you want AND can buy the home prior to signing the lease and option agreements.
If you're ready to break out of the renters' cycle, and start investing in yourself and your future:
- Complete and submit the Contact Me Form.
- I'll review your information and contact you to discuss the details.
- Once I find a house that matches what you are looking for, I'll contact you and get the ball rolling to help you make the transition from renting to owning.
If you have any questions, please visit my Frequently Asked Questions page, and when you are ready to take the next step, simply complete and submit the Contact Me Form and I will contact you as soon as possible.
Contacting me doesn't cost you anything
but a few minutes of your time
and there's no obligation on your part whatsoever.
Don't delay, contact me today!
IS THIS YOU:
With my Lease To Own program, you can go from renting to owning in as little as 12 months.
