Seller FAQ’s

What type of agreement will we sign with you?

We will execute an “Option to Lease Option” your property with a clause that allows us to sublet the property. We will then lease option the property, get all documents executed, including the lease and option agreements and bank draft authorization, and collect the first month’s lease payment. We will then assign all of the documents back over to you and give you the first month’s lease payment.  Our fee is the tenant buyer’s option deposit, which will be part of their down payment when they exercise their option and buy the home.  In other words, you will still need to credit them that money at the end of the lease option term, only if and when they buy the home.

In addition, our leases are “triple net” with the Tenant Buyer taking responsibility for all maintenance and repairs on the home. (After all, it is going to be their home.)  Our contracts also require the Tenant Buyer to pay for a legitimate credit restoration program and is structured to highly incentivize the Tenant Buyer to purchase the home during the lease term.

What is your involvement in collecting the rent?

We have no involvement in collecting the rent, other than to setup the bank draft authorization and get it executed and collect the first month’s lease payment at the time the lease is executed.  We do have a home buying program under which we obligate our company to pay the rent if the Tenant Buyer does not.  If you are interested in this option, just ask about the details when we speak.

What is your marketing plan for my property?

The marketing plan involves professional marketing via more than 20 websites, including our own. Because of the volume of articles and press releases we circulate and the content on this sight, we generate a high volume of traffic. Additionally, we will email blast your property to our growing database of prospective Tenant Buyers. We have far more Tenant Buyers than we have homes.

What are other reasons that you believe that I would be better enrolling my property in your lease option program than simply listing with a Realtor?

Choosing whether or not to list with an agent is a personal decision unique to each seller, and is not necessarily a bad choice.  However, generally speaking, our pool of prospective buyers is four to five times larger than the universe of buyers to which most real estate agents market.  The key advantage of our program is that we can attract Tenant Buyers who would not normally approach Realtor-listed homes because of the financing hurdle.  We take those same Tenant Buyers and give them a simple plan for obtaining financing to buy your home within 12 – 24 months or sooner.  Our involvement in qualifying a client for our program goes far beyond having someone else just check their credit score. Our clients come to us because they WANT to own a home and they are willing to work to get one – if someone will show them how!  Your Tenant Buyer will be qualified with the same standards that we use for our homes.

Why do you believe you can find a better tenant than I could on my own?

With a single property, you will most likely attract a career renter, which isn’t what you want. Career renters don’t exercise the option, often destroy homes, expect to have even the smallest repairs immediately fixed at the landlord’s expense, and generally want to pay less than your cost to carry the home. Our clients often come to us not because of a particular home, but because they are interested in our program.  If someone is advertising a single or even a handful of properties, it is difficult for them to attract the same volume of Tenant Buyers generated through our program and marketing.

What do you mean when you say you provide “value” to your clients?

Well, for starters, we take their financial futures very seriously. Our contracts are truly set up to put them in a position to purchase the home. We also offer them the opportunity to increase their income via our referral program. We are also one of the few companies to report lease option payments to the national credit bureaus!!!  Very few companies are set up to provide this very important service and stepping stone to loan approval. The purpose of doing this is to compress the credit restoration timeline for the Tenant Buyer and provide for an earlier takeout loan, and to provide you with a sale as quickly as possible.