Ideal Tenant Program

The following summarizes our “Ideal Tenant Program,” answers many of the most common questions regarding the program, and explains how it can be a very beneficial way to sell your property for a fair market price and pay no commissions or fees.  If after reading the following question and answer sheet you have any further questions, please don’t hesitate to call.  We look forward to discussing our program further and meeting with you soon.  Thanks!

Questions and Answers

1.  What are the benefits of selling my home on a lease option?

A.  PRICE, CONVENIENCE and SECURITY--  We offer to buy your home at a fair market price and take care of the rest.  When our company lease options a house, we guarantee in writing that all maintenance and repairs 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 in the event that you have to move before you are able to get a buyer for your home.  We simplify the process of selling your home by handling all the details that wastes much of your time and money. 

A.  Our company makes 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 that 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.

A. That can depend on a number of different factors.  We work with many brokers and lenders who are usually able to get most people financed after they have paid for 12 months on a 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 will continue to pay all the 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. 

4. Why don’t I just sell my house myself or rent it in the meantime?

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.

A.  If you have the expertise to screen potential tenant/buyers, check references, know what sort of credit scores will allow someone to be able to be financed, deal with maintaining your home while someone else lives in it, work with mortgage brokers to get them financed, and finally, process all the paperwork and set up a closing, then finding a tenant/buyer on your own would be a viable option for you.  If you lack the expertise in any of these areas, we are able to help.

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 or a debilitating illness 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!!

Our Goal

It is our goal to ensure that the process of selling your home is a smooth and easy one for you.  We strive to create a win-win-win situation in all our lease option purchases.

You, as the seller of the home, win by receiving the assurance of knowing that while the house is being sold, all of the expenses are taken care of, the house is maintained, and you are receiving all of the tax benefits associated with being a landlord, with none of the management responsibilities.

Our tenant/buyer wins by getting to own a home in a shorter amount of time than it would take them if they were trying to buy conventionally, as well as being able to immediately occupy their new home, while qualifying for a loan.  We have created a system that creates the paperwork that mortgage lenders look for when qualifying people for loans to assist our tenant/buyers.  In addition, we give our tenant/buyers immediate credit tips to assist in the loan qualification process. 

Our company wins by profiting from the sale of the home, as well as gaining two more satisfied customers.  But beyond that, we feel a strong commitment to helping hard-working, deserving families achieve their dream of home ownership.  We hope to make a small contribution to community stability by providing more affordable housing for our service-oriented labor force.  We live and are involved in the Traverse Area community.  We believe home ownership strengthens and beautifies our community. 

Thanks for taking the time to explore our “Ideal Tenant Program”.  We hope you see the benefits of PRICE, CONVENIENCE and SECURITY that we have worked to create in our program.  We look forward to working with you soon and making the sale of your home a stress-free and easy one.