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INTERACTING WITH THE SELLERS
Home-Buy-Now is a team organisation specialising as a go-between for investment property owners and tenant/buyers.
The Ideal Tenant Programme
The following summarises our “Ideal Tenant Programme” by answering the most commonly asked questions and explaining how it can be a beneficial way to sell your property for the full market value - and avoid paying commission or fees.
Q. What are the benefits of selling my house on a Lease Option?
A. Price, Convenience and Security. We offer to buy your house at today’s full market value. When Home-Buy-Now lease options a house we guarantee in writing that all maintenance and repairs will be paid by us while we are selling your house to a tenant/buyer.
We only deal with high quality people who are looking to buy, not just rent, a house. When you sell your property to us we handle all the marketing including advertising, screening potential tenant/buyers, and showing the house. We intend to ensure the process completes as smoothly as possible, eliminating nuisance buyers who say they want the house but end up unable to qualify for financing. You are also relieved of having to pay double mortgage payments in the event that you have to move before you have a buyer for your home.
In short, we simplify the process of selling your house by handling all the details that can waste much of your time, money - and mental health!
Q. What are the advantages of selling my property by Lease Option over advertising it with an estate agent?
A. Home-Buy-Now takes care of your monthly mortgage payments, together with expenses related to the house, while a tenant/buyer is qualifying for a loan. (Try getting an estate agent to do that while listing your home.....)
Our procedure is to place only high quality tenant/buyers in the house as we make our profit on the eventual sale of the house. Since we guarantee all maintenance on the house, it is in our best interests to ensure that our tenant/buyer will care for the house and eventually secure financing to cash you, the seller, and us out. We therefore put our tenant/buyers through a preliminary screening process before they even glimpse a property.
Bear in mind that we don’t work on commission so you keep your equity and because our profits are made on the sale of the house we have a vested interest in making sure it is sold.
Q. What sort of timescale do you foresee to completion of the transaction?
A. It will vary depending on circumstances.
We work with mortgage brokers who can finance most people who consistently pay rent for twelve months. Since everyone’s credit history and circumstances are different, that time period can vary. However, it is obviously in our best interest to expedite a new loan for the tenant/buyer as soon as possible since that successfully completes the transaction.
Q. Why don’t I just sell my house or rent it in the meantime?
A. These options are always available to you. The difference would be that you are responsible for your monthly payments, maintenance and repairs during the selling period. You must find someone who will actually qualify for financing, wait for them to be approved, and hope that they don’t pull out of the deal making you start the whole process again. Letting during the selling process creates entirely new difficulties that are sometimes overlooked, such as showing the home to the best advantage while tenants are living there.
Q. Why don’t I just find my own tenant/buyer?
A. If you have the time and experience - to screen potential tenant/buyers, check references, know what sort of credit scores are necessary, work with mortgage brokers, process the paperwork and close the deal - then finding a tenant/buyer would be a viable option for you.
If you lack expertise in any of these areas, we are able to help.
Q. What if our tenant/buyer doesn’t buy the house?
A. Tenant/buyers are screened to ensure that they fully intend to buy the house and will be 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.
OUR GOALS
It is our goal to make a modest profit while facilitating a smooth and easy house sale for you and a foot in the property market door for tenant/buyers. We aim to achieve a win-win-win situation in all our Lease Option purchases.
You, as the seller of the house, win by having the assurance of knowing that, while the house is being sold, all the expenses are taken care of, the house is properly maintained, and you receive all the benefits associated with being a landlord with no arduous management responsibilities.
Our tenant/buyer wins by opting to rent their chosen home while finance is arranged enabling them to confidently settle in. We know the procedures and requirements that mortgage lenders look for when qualifying people for loans and will assist tenant/buyers. In addition, we supply immediate credit repair tips to assist in the mortgage qualification process.
We win by profiting from the sale of the property and take pride in engineering a successful outcome.
We can buy your property, rent it back to you and give you the choice to buy it back at a later date.
We can buy your property.
We offer a no obligation consultation and offer up to £500 towards your legal fees.
You pay no valuation FEES.
Complete the form to the right hand side or call us on
08000
We will call you back to discuss your situation.
You can arrange a viewing at a time to suit you.
We aim to make an offer within 48 hours.
About Us
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