Perfect Tenant Program FAQs

Q:          What are the benefits of selling my house on a lease option?

A:          PRICE, CONVENIENCE, and SECURITY. We offer to buy your house

at today’s full-market value and take care of the rest. When we lease

option a house, we guarantee in writing that all maintenance costs

will be paid by us while we are selling your house to a tenant/

buyer. We only deal with high-quality people who are looking to buy,

not just rent a house. When you sell your home to us, we handle all the

marketing of the house. This includes paying for advertising, screening

potential tenant/buyers and showing the house. We want the process

of selling your home to go as smoothly as possible, with no more headaches

for you caused by buyers who tell you that they want a house,

but end up not being able to qualify for financing. You are also relieved

of having to pay double mortgage payments if you must move before you

can get a buyer for your home. We simplify the process of selling your home

by handling all the details that waste much of your time and money.

 

 

Q:          What are the advantages of selling my home by lease option over listing it with a Realtor?

A:          We make your monthly payments while a tenant/buyer is qualifying

for a loan. All your expenses related to the house are taken care of. Try

getting a Realtor to do that while listing your home! Another advantage

is that our objective is to put only high-quality tenant/buyers in the

house since we make our profit by selling for higher than we buy. Since

we guarantee all maintenance on the house, it is in our best interest to

ensure that our tenant/buyer will take care of the home and eventually

secure financing to cash you, the seller, and us out. This means that

we put our tenant/buyers through an intensive pre-screening process

before they are even permitted to look at the house.  We don’t work for

commissions, so you keep your equity. And, because our profits are made

by selling for slightly higher than what we buy for, we have a vested interest

in the house and in making sure it gets sold.

 

 

Q:          How long does it take before your tenant/buyer cashes me out?

 A:        That can depend on several different factors. We work with

many mortgage brokers that are usually able to get most people

financed after they have paid for 12 months on the lease option. Since

everyone’s credit history and circumstances vary, that time

period can be shorter or longer for the tenant/buyer that we

eventually put into the home. Because of this, we cannot guarantee

the exact time our tenant/buyer will secure financing. However, until our

tenant/buyer qualifies for financing, we continue to pay all the maintenance

expenses related to the home. It is also in our best interest to get our tenant/

buyer a new loan as soon as possible, since that cashes us out as well.

We aggressively work to get our tenant/buyer financed as soon as possible.

 

 

Q:          Why don’t I just sell my house myself or rent it in the mean time?

 A:        These are always options available to you. The difference would be

that you are responsible for your monthly payments, maintenance and

repairs during the selling period. You need to try to find someone who

can actually qualify for financing, wait for them to get approved, and

hope that they don’t pull out of the deal, making you start the whole

process over again. Renting during this period opens entirely new difficulties

that would-be landlords often overlook, especially when you are

trying to show the home and sell while renters are living there.

 

 

Q:          Why don’t I just find my own tenant/buyer?

 A:        Our tenant/buyers are carefully pre-screened to ensure that they

want to buy the house and are able to do so at some point in the future.

However, circumstances can change in someone’s life, such as an

unexpected job transfer that can make it necessary to move. In situations

like that, we continue to pay all the expenses for the house while

we find another qualified tenant/buyer to put into the home. Remember,

we make our money when your house sells!!!