What is Better than getting Cash?
Getting MORE Cash of course!
Interested? Read on …
Many homeowners would like to sell & just get a fair price without the hassles associated with listing with a real estate agent:
- Finding the right agent
- Cleaning up the yard and exterior for sale
- Having “lookers” running through the house
- Receiving low-ball offers
- Cleaning up before every showing
- Having to leave for hours during open houses
Or perhaps your mortgage balance is high and you are unable to sell through traditional means without bringing money to the closing table.
In either case, if you own a “Pretty” house that is in average to excellent condition and you do not need a quick cash payment, we can buy your house for much more than an all-cash purchase!!
We have two basic programs designed to help you put more money in your pocket or to sell your underwater house:
1) Sell your house on a Lease Purchase.
2) Receive monthly payments for your equity.
Please do not prejudge whether we can or can not buy your house. Many times sellers are amazed when we show them what we can do for them! There are many variations and possibilities in addition to the above-mentioned solutions. So, fill out the quick form below and we will get back to you A.S.A.P. to discuss how we can buy your house.
Or just give us a call right now at (410) 657-2523
Why is a LEASE PURCHASE Becoming a Top Choice Alternative to Selling a Home?
This fast, easy approach to home selling has helped hundreds of people in the United States. How can it help you?
Our objective is to make this as SIMPLE AS POSSIBLE for you so that you can move on with your life, and quit worrying about your house.
It is our goal to ensure the process of selling your home is a smooth and easy one for you. We strive to achieve a win-win-win situation in all our lease option purchases.
You, as the seller of the house, win by receiving the assurance of knowing that while the house is being sold, all of the expenses are taken care of, the house is maintained, and you are receiving all of the tax benefits associated with being a landlord, with none of the management responsibilities.
Our tenant/buyer wins by getting to own a home in a shorter amount of time than it would take them if they were trying to buy conventionally, as well as being able to immediately occupy their new home, while qualifying for a loan. We have created a system that creates the paperwork that mortgage lenders look for when qualifying people for loans to assist our tenant/buyers. In addition, we give our tenant/buyers immediate credit tips to assist in the loan qualification process.
We win by profiting from the sale of the home, as well as gaining two more satisfied customers. The reason that we are in business, of course, is to make a profit, as well as to use our expertise in real estate transactions to assist homebuyers and sellers in making the sale or purchase of their home an easy, stress-free one.
Summary of Benefits to You:
- No more vacancies
- We take the house in an as-is condition
- Save or repair your credit
- Immediate debt relief
- We make your payments
- No more missed or late mortgage payments
- Longer than a normal lease period
- Automatic principal reduction in your mortgage
- No management / rental headaches.
- No more minor repairs
- Opportunity for significant increase in total income
- You retain all property tax benefits
- You may qualify for additional tax deductions (including depreciation, improvements, and repairs)
- Possibly decrease tax liability by turning short-term capital gain into long-term capital gain (lower tax rate)
Frequently Asked Questions…
What is a Lease Option?
A lease option is essentially a purchase contract combined with a rental agreement. The buyer leases the property for a specified period of time and then has the option of purchasing the property before the end of the lease agreement. Sales price, length of rental, closing costs, and maintenance are all negotiated much the same as a conventional real estate transaction. A lease option, if properly utilized, is both a seller’s and a buyer’s dream come true because it can eliminate many of the negatives normally attributed to the selling and buying of a home.
How does it work?
We present a monthly lease amount as well as a pre-determined sales price that is agreed to by all parties. A lease option / purchase is basically a monthly lease set up over a pre-determined period of time. At the end of that time, we purchase the home from you for whatever the pre-determined price is.
The basics are simple:
- You rent your property to Maryland Home Buyers
- You give Maryland Home Buyers the right to buy your property for a set price.
- Maryland Home Buyers places a tenant/buyer in your property.
- The tenant/buyer receives the right to buy your property at or above your agreed price.
How much is this going to cost me?
The answer is simple. It doesn’t cost you anything. We make our money from our tenant/buyers, not from you. If you decide to do a lease option with us, you do not have to pay us a commission.
What are the advantages of selling my home by lease option over listing it with a Realtor?
We make your monthly payments while a tenant/buyer is qualifying for a loan. All your expenses related to the house are taken care of.
Another advantage is that our objective is to put only high-quality tenant/buyers in the house since we make our profit by selling for higher than we buy. Since we guarantee all minor maintenance on the house, it is in our best interest to ensure that our tenant/buyer will take care of the home and eventually secure financing to cash you, the seller, and us out. This means that we put our tenant/buyers through an intensive pre-screening process before they are even permitted to look at the house.
We don’t work for commissions. And, because our profits are made by selling for slightly higher than what we buy for, we have a vested interest in the house and in making sure it gets sold.
How long does it take before your tenant/buyer cashes me out?
That can depend on a number of different factors. We work with many mortgage brokers that are usually able to get most people financed after they have paid for 12 months on the lease option. Since everyone’s credit history and circumstances vary, that time period can be shorter or longer for the tenant/buyer that we eventually put into the home. Because of this, we cannot guarantee the exact time our tenant/buyer will secure financing. However, until our tenant/buyer qualifies for financing, we continue to pay all the expenses related to the home. It is also in our best interest to get our tenant/buyer a new loan as soon as possible since that cashes us out as well. We aggressively work to get our tenant/buyer financed as soon as possible.
Why don’t I just sell my house myself or rent it in the meantime?
These are always options available to you. The difference would be that you are responsible for your monthly payments, maintenance and repairs during the selling period. You need to try to find someone who can actually qualify for financing, wait for them to get approved, and hope that they don’t pull out of the deal, making you start the whole process over again. Renting during this period opens entirely new difficulties that would-be landlords often overlook, especially when you are trying to show the home and sell while renters are living there.
Why don’t I just find my own tenant/buyer?
If you have the expertise to screen potential tenant/buyers, check references, know what sort of credit scores will allow someone to be able to be financed, deal with maintaining your home while someone else lives in it, work with mortgage brokers to get them financed, and finally, process all the paperwork and set up a closing, then finding a tenant/buyer on your own would be a viable option for you. If you lack expertise in any of these areas, we are able to help.
What if your tenant/buyer doesn’t buy the house?
Our tenant/buyers are carefully pre-screened to ensure that they want to buy the house and are able to do so at some point in the future. However, circumstances can change in someone’s life, such as an unexpected job transfer that can make it necessary to move. In situations like that, we continue to pay all the expenses for the house while we find another qualified tenant/buyer to put into the home. Remember, we make our money when your house sells.
How can you say I won’t have any vacancies?
You won’t because your tenant will be Maryland Home Buyers. We’ll agree on a lease term—3 years, 5 years, whatever you want. And that’s the end of your vacancy problem. If our tenant/buyer moves out, then that’s our problem, not yours. We’ll keep paying like clockwork.
How do you eliminate my maintenance and repair problems?
You’ll have 3 levels of protection. First, the tenant/buyer will be required, by the terms of his or her lease, to perform all regular maintenance and repairs. Second, if any problem comes up that the tenant/buyer is unable or unwilling to perform, Maryland Home Buyers will do it. And third, you’ll maintain your homeowner’s policy to protect against incidents covered by insurance.
What do I have to do?
For the most part, as the homeowner you don’t have to do anything. We take care of all the paperwork as well as the placement of tenants and monthly payments. And because you don’t have to worry about the day-to-day repairs, the only thing you need to decide is where you want your monthly checks sent. It is really quite simple.
How do I get my payment each month?
We can set it up however you like. Some of our homeowners like for us to electronically send the payment each month straight to their bank account. Others prefer us to set up an escrow account where we mail the rent to the escrow account and the account pays the mortgage. (You can call the escrow account anytime and request a statement of activity so you can see when the rent was paid and when the mortgage was paid.) We normally set it up to automatically pay your lender each month and send you the difference. That way you won’t have to worry about a thing.
What if a tenant tears up my house?
There’s no way that I can guarantee you that a tenant won’t damage your house since you or I won’t be living with them. But under the agreement that I will have with you, as the seller, if that happens, I will repair it at my expense. My objective is not to find a “tenant” – my objective is to find a Buyer who will eventually own your house. I investigate them thoroughly before entering into an agreement with them. Damages are rarely a problem. In fact, in most instances we have found that our buyers often have improved a house with new carpet or some other upgrades, such as fencing. Again, if it does happen, we’ll fix it, and I put that in writing.
Who handles the paperwork? Do I have to pay for that?
Our attorney handles all of the necessary documents to make the transaction happen. And the best part is that you don’t need your PhD to be able to read them. Of course, you are always welcome to have these items reviewed by your real estate agent or lawyer at any time during the course of the transaction. We want you to be 100% comfortable with everything before moving forward.
Any Other Questions?
If you have any other questions, please feel free to call us at 410-657-2523.