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!!!
Find Out How We Can Help
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Discover How You Can Sell Your Home Even If:
“Don't be afraid to give up the good to go for the great."
— John D. Rockefeller
"You can dream, create, design, and build the most beautiful place in the world, but it requires people to make it a reality."
“If one advances confidently in the direction of his own dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours.”
— Henry David Thoreau.
"The only failure lies in failure to start."
—Harold Blake Walker