Login  Feature Properties Search All Homes Welcome About Tricia Affiliations Agents Buyers Sellers Residents Credit Application Legal Statement Contact Me Lease purchase and land contract solutions are a great alternative when traditional methods can't or won't work. How does a lease purchase work for you, the agent? First, consider these questions: Do you have listings that aren't selling? Have your sellers moved and they're now stuck with two house payments? Are your sellers considering leasing their home? Do they really need all their cash out now or will they be okay if the payment is covered? If you're encountering these situations, I can provide a win-win-win solution for your sellers, the buyer, and you. Providing solutions makes happy clients and future referrals. I provide a lease and purchase agreement to your sellers and secure a down payment that provides you with part of your listing commission up front. The property usually sells in 18 to 24 months. At that time, you receive the balance of your listing commission and your sellers get their cash. The initiation of a lease purchase transaction does not trigger a mortgage due-on-sale clause. This is a common myth, but it is not a fact. The fact is that a sale has not taken place yet. How does land contract solve your seller's needs? Let me show your sellers how to offer a land contract to a buyer but still get their cash out at closing. I have access to private investment funds outside the normal mortgage arena that will qualify the buyer. You offer the home to the buyer at appraised -- not discounted -- value and your sellers "sell" the land contract at closing to my investment group. In this scenario, you get all your commission up front because a real sale has taken place. Let's face it. As a result of the current economic state, many people have lost good jobs. These aren't lazy people, but they may have been off work for awhile. Unfortunately, this situation has resulted in a record number of foreclosures and bankruptcies. Many buyer's credit ratings have suffered, rendering them unable to qualify for a conventional mortgage at present. They can still make a monthly payment, and some buyers still have savings for a down payment. Consider this information, and then bring me your offers!