Grand Rapids Lease Option Today

We are private investors that purchase undervalued homes in nice areas of Grand Rapids. We then provide families the chance to “lease” the home with the option to purchase it at some point in the future, usually 1-2 years.

Here is how a typical lease/purchase works with us…

Because the homes we purchase are usually owned by banks, we can purchase them at a discount. Oftentimes these properties need work, so we spend our own money to fix them and get them into tip top shape for a family to move in.

We consider our terms on our lease/option homes extremely attractive to the potential homeowner.

Here a few reasons that lease purchasing a home from us makes sense from a lease/purchasers point of view.

1. We set the price of the home at today’s market value.
   Because we purchase homes at a discount, we can set price of the home for the lease/purchaser at today’s market value. In other words, we do not purchase a home, then jack up the price so high that the leasing party gets screwed when they obtain financing in the future. For example, if a home is valued at $100,000 today, that is the price you would pay at the end of the lease option period - 1 to 2 years into the future. Why is this important? Because you want a home that has some equity built in when you obtain your own mortgage on the home.
2. We don’t require a huge downpayment to move in.
   When you lease purchase a home from us, you will typically pay one extra month’s rent as an “option payment”. This extra payment gives you the right to purchase the home from us at the agreed upon price at anytime in the future that is agreed upon. This means that we cannot sell the home to anyone else during the option agreement, unless you agree to do so. The “option” payment gives us some security and it locks in the price for you.Remember that with a lease/option, you are actually doing 2 things at once. You are leasing the home from us, and also entering into an agreement to buy the home (if you choose) at any time during the duration of the option agreement. The option agreement does not require you to purchase the home, it just gives you the right to do so at any time during the length of the option.
3. We credit a portion of monthly rent to your downpayment.
   Imagine paying rent each month and knowing that you will have a nice chunk of cash at the end of a year, or 2 years for the down payment of the house. This is what we can do for you. For example, say that your monthly rent is $995 for a home you lease/purchase from us. A $200 per month rent “credit” would give you a whopping $4800 at the end of 2 years. This money will be credited to you at the closing of the home. This is a terrific way to save more money for your down payment on your new home.
4. We can help you get your credit together during the lease/option time period.
   A 1-2 year time period is plenty of time to get your credit in order and on the right track so you can get your own mortgage. We work with a few different mortgage people that will tell you exactly what you need to do to prepare for this. When you are ready, they can walk you through all the steps you need to take to get approved by a bank. We only work with honest and down-t0-earth people so you can be sure you won’t get the run around. We can spot a phony from a mile away.

Join our mailing list today to be kept current on the homes we have available.