I am noticing a lot more lease purchases in the Realtor World

Services for Real Estate Pros with Outreach Property Solutions

     As I look for owners who need to sell desperately, I am also noticing these owners are giving their realtors options to either sell their home or lease purchase it.  With a background in lending, I may not know a lot about realtors and how they work, but I always thought the rule was sell the house get a commission. How do you all make money if the home is a lease purchase?  The reason I ask is because only 20% of people actually purchase the home in this scenario. So do you all get a portion of the option money and your commission at the end of the 2 years.

     This style of home purchasing is becoming more and more popular in my neck of the woods. I know because I specialize in it. This is what my company does. The only difference is we put resources in place to ensure they qualify for mortgage. If you are a realtor and have any questions to help your lease purchase along. I would be happy to help. If you come across a situation where there is no equity in the home to pay your commision, or your listing is expiring and  you put lots of money into marketing, call us. Your efforts will not be in vain. If you consult with us about the property, the area, the price points and such. We will pay a great consulting fee for your services.  I have another blog I am writing about my mission with this company. To sum it up we are trying to help everyone involved in this industry. Home sellers, Home buyers, first time homebuyers, realtors, loan officers, closing attorneys, stagers, appraisers and most of all the people who never thought they could buy a home. Stay tuned for "The reason I got into this business"

Sara Bonert
Zillow - Atlanta, GA
Real Estate Internet Marketing

I just gave my realtor these instructions- lease or sell.  My first choice was definitely sell, but we both knew that market conditions were probably going to cause this not to happen.  He ended up finding me a renter (not a lease-option).  I paid him one month's rent for finding the renter.  The realtor said that if I used his services to sell the house in the future, he would rebate this amount that I paid him.  Because we were realistic about the market conditions he 1) made some money, a finder's fee and 2) showed me that he acted in my best interest and will more than likely get my business in the future and I would be highly likely to refer him. 

Aug 28, 2007 01:14 AM
OPS Investing Strategies
Outreach Property Solutions - Norcross, GA
Thats a great post. As real estate professionals we want to know your point of view as a home owner. I think this will get some realtors on this site thinking.  Thanks.
Aug 28, 2007 01:38 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer
I am telling my sellers about this option.  You get paid on the lease and then you get paid when you exercise the option.  I want to be honest and straightforward with my sellers in this market and I am going after clients for life, not for commission.  A little now = a lot later!
Aug 28, 2007 02:16 AM