As a RE Investor and RE Agent I find that many 1st Time Home Buyers (1THB's) can't qualify right now for a home mortgage. Many have a few bucks saved up though and can put a small amount down to purchase a home. Their credit doesn't meet the requirements of lenders so they are stuck. Whenever I can I suggest to Sellers to accept an offer for Lease Option. They can get a small downpayment and possibly create a few hundred dollars cash flow each month. Many times the Buyer can get into a position to qualify for long term financing within a period of time, like 6-12 months, and cash out the Seller. This is a Win/Win arrangement for the Buyer and Seller and I still get paid for the transaction. What's better than that?
Doug Voss, KC Improved Housing Solutions . . . 913-856-5466
Realty Resource of KC