Lease Purchase for Home Buyers

Lease Purchase

What is a lease-purchase?

Often termed a “rent to own” — a lease purchase is nothing more than a sales agreement, with an extended closing date, and a lease to control between initial occupancy and closing.

Why would a Buyer want a lease-purchase arrangement?

You want the benefits of owning a home, but are unable to obtain financing through a conventional source today.  You are convinced that you will be able to get the necessary financing after the passing of time.  It would make sense for you to consider lease-purchase, because you may be able to trap the sales price at today’s terms, while gaining the stability of a contractual relationship.  Usually, owners will be more flexible with your wishes to decorate and upgrade the home to your preferences, because you are willing to make a substantial commitment to purchase.  Lease-purchase is not the right choice for all people.  Make sure you get professional advice before entering into such an agreement.  If you would like to discuss your situation, contact us for a confidential, no-fee consultation.

Why would 3 Options Realty be the place to go for this service?

You want the comfort of knowing that a professional has arranged the deal and will stay on board to see it though to the end.  You will have money at stake in such a transaction and you want to be sure that the people putting the deal together have a good understanding about how to close it.  There are too many scams out there where the buyer ill advisedly enters into such deals with an unscrupulous seller.  We qualify our sellers and work with people that we consider to be genuine.  We will make sure both the buyer and the seller understand what’s at stake, and that each party makes the necessary commitments to proceed in good faith. We are committed to crafting a win-win arrangement, our reputation depends on it.  You deserve that dedication and that’s why you need an experienced professional preparing and overseeing the deal to close.

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