I occasionally receive consumer inquiries about lease purchase and lease option as a method of acquiring a home. The lease option/lease purchase involves renting a home, contracting to purchase at a future date (usually one to two years later) paying the seller a negotiable option fee which can be substantial, and then renting until the end of the option period.
A problem arises in that out of 5,110 residential MLS listings offered for sale between $100,000 and $300,000 in all of Hillsborough County and Pasco County combined, only 69 properties are offered as either lease option or lease purchase. I found another 13 similar properties offered as rental MLS listings.
In our area, it seems this path to home ownership has not caught on with sellers in large numbers. What this means if you are the buyer is that you have a very limited supply of available homes to choose from. If you are serious about future home ownership there may be another way and that involves FREE credit enhancement.
What many people don't realize is that often times their credit score is better than they think it is. If your score is border line, one of my lender partners is offering a FREE program to help raise the credit score of the borderline borrower enough to qualify for a loan.
This means an opportunity to purchase any home using the
best loan products and rate programs. Items such as judgments, charge-offs,
duplicate accounts and credit disputes are taken care of, giving the
borrower the green light on their piece of the American dream. This service is
tailored to each individual client’s circumstance and even though each client
gets a personal approach, most scores can be corrected in as little as 3-5
business days. Also, the most
unique and important feature: IT’S FREE!
Please contact me and I will put you in touch with my lender partner so you can see if you can take advantage of this free assistance to get a great buy on a home and historically low interest rates too!
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