How Does It All Work?
The process is actually pretty simple.
First, Join our property list and tell us what type of home you’re looking for, your budget, etc (START with the form to the right)
Step 1 – Contact us for detailed information about the home you are interested in and our financing options. You may submit an application at this time if you have already looked at the property and want to speed up the process to help insure no one else buys the property.
Step 2 – After inspecting the home thoroughly, you will contact us to provide any needed documents and to complete your financing application. They will submit your application to to be reviewed for approval. This is simply to insure your ability to pay for your protection. Upon approval, you will be required to pay a deposit to hold the property and your representative will contact you with the details of your new home purchase.
Step 3 – Once you are approved, the contract process begins and you will be contacted to arrange a signing of the lease and option agreement. You will need to have around 5% for the option fee. The option agreementlocks in the property and gives you the right to buy it at the agreed upon price at any point during the agreement.The signing of the property removes the home from the market and you may secure the property, remove the signs, and MOVE IN!
Step 4 – You will receive a copy of your lease and option agreement at closing.
Step 5 – A portion of your on-time monthly rent payment is applied to the purchase price each month, as is your option fee. We will advise you on how you can improve your credit to be able to get a bank loan. If you can’t buy the house before the option agreement expires, signing another option agreement is possible to give you more time.
Any issues or concerns you have about the condition of the property should be discussed with your representative upon your inspection. All houses are sold “As Is”. This does not mean that there is necessarily anything wrong with the home. It only means that the we will not be making any repairs or improvements prior to the sale of the home. We will also not be making any guarantees, or warranties in regard to the condition or livability of the home. We strongly encourage you to inspect your home prior to making a down payment. Down payments are refundable if you do not qualify.