Lease
Purchase
Program

PETTWAY

MICHELLE

& Associates, Inc.

"Welcome to our innovative homeowners lease purchase program! Are you a homeowner looking to sell your property faster and at a potentially higher price? With our program, you can offer your home as a lease purchase, providing a unique opportunity for aspiring buyers to live in and love your property while they prepare for ownership. Enjoy the benefits of a steady rental income, reduced maintenance responsibilities, and a motivated tenant-buyer eager to make your property their own. We handle the details, ensuring a seamless and secure transaction for both parties. Embrace the future of real estate sales with our homeowners lease purchase program!"

Why Consider a lease purchase?

Potential for Higher Selling Price: In a lease purchase agreement, the homeowner typically sets a predetermined purchase price for the property at the end of the lease term. Since the tenant-buyer is paying a premium for the option to buy, homeowners may secure a higher selling price than if they were to sell the property outright. This is especially beneficial if the property market appreciates during the lease term.
Steady Rental Income: During the lease period, the homeowner becomes the landlord and receives regular rental payments from the tenant-buyer. This steady rental income can provide financial stability and help cover the mortgage and other property-related expenses.
Faster Property Sale: Selling a property can sometimes take a considerable amount of time, but lease purchase arrangements can expedite the process. With the tenant-buyer already committed to purchasing the property at the end of the lease term, the homeowner can avoid the uncertainties of waiting for a traditional buyer and streamline the selling process.
Maintenance Responsibility on Tenant-Buyer: In most lease purchase agreements, the tenant-buyer assumes responsibility for the property's maintenance and repairs during the lease period. This can relieve the homeowner of these responsibilities and costs, making it an attractive option, especially for those who are looking to downsize or manage multiple properties.
Reduced Vacancy Risk: Vacancy periods can be a significant concern for landlords, especially if they are relying on rental income to cover mortgage payments. With a lease purchase, the tenant-buyer is more invested in the property and is likely to treat it with care, reducing the risk of prolonged vacancies and potential damages to the property.