Are you close to being able to buy a home but aren’t quite ready? Did you just move to Metro Atlanta and aren’t sure where you want to live? Do you need to rent right now but really want to buy a home in a couple years? Our Lease with a Right to Purchase Program may be right for you.
You can simply pick any home that meets our criteria listed for sale in the MLS. This allows you to pick a home of your choice that matches your search criteria. Bonnie Lelak will work directly with you on finding the perfect home in your budget and location after you have been approved.
Our investor provides responsible households with a clear and transparent path to homeownership through its Lease with a Right to Purchase Program. This program provides five years of rent certainty with only a one-year financial commitment on the lease.
If you want to own a home but cannot currently qualify for a mortgage, or if you would prefer to rent a home now with the goal of purchasing it in the next three to five years, then this program may be for you. My investor doesn’t focus exclusively on your credit score. The full credit profile of your entire household is taken into account when they review your application to the program. Start My Application Now...
As with a standard lease agreement, Our client requires you to sign a lease for a year and make a security deposit. Unlike a standard lease agreement, you will have renewal options providing five years of rent certainty and the right to purchase the home at a price established when you enter the Right to Purchase Agreement, in accordance with the terms of the Agreement. You can also select the home that you want to live in from those eligible and available for sale in communities we serve – enabling you to live in a neighborhood today where you might not otherwise find a suitable home to rent.
Our Investor buys homes in specific approved communities, so you can go to their website to see what communities are currently in their program. We will guide you in finding the right home in the right community in the rent to own program. Once your approve the purchase price in your Right to Purchase Agreement, that is the price at which you may purchase the home during the term of the lease, in accordance with the terms of the Agreement, whether the home is later appraised at a higher or lower value. If you do not purchase the home as provided in the Agreement, our investor may rent or sell the home to others when your lease ends.
Your initial lease is for one year, so your financial commitment is limited to one year. Your lease is renewable every year for five one year periods, and you have the right to notify our investor if you don’t want to renew the lease. Your full security deposit will be returned as provided in the lease if you decide to leave the home at the end of a lease period and have been in full compliance with the lease.
RIGHT TO PURCHASE AGREEMENT
Your Right to Purchase Agreement gives you the right to purchase the home you selected at a predetermined price for every year of your lease, as long as you have been in compliance with the lease, Agreement and other documents. You are under no obligation to buy the home.
SOME KEY REQUIREMENTS
You do not need perfect credit!! They understand most buyers are rebuilding credit, but you do need stable job history and a household income of over 50k a year. You cannot currently be in the middle of Bankruptcy; it must be discharged. You will also need 2 months of rent in your bank account for a deposit once you find the home you like and agree to a 1-year rental agreement. Rents start at around $1400 a month for a $200,000 home with a max Purchase price limit of $550,000.
Criteria you must meet:
Credit Score of 525 or higher
Household Income of 50K or higher
No Felony Convictions
Bankruptcy must be discharged
Foreclosures are OK
No evictions or collections
US Citizens Only
75$ application fee per household
If you meet the above requirements and you are ready start your application today, please click here "Start My Application Today". I look forward to helping you find a lease purchase home, once you finish the application process and have been approved with Home Partners of America!
Experience with regular home sales, short sales, foreclosures, HUD homes, no down payment program homes, investors who flip homes or buy rentals, commercial properties, land sales, lake front properties, and first time home buyers.
My commitment to buyers & sellers:
-Provide honest advice
-Detailed, organized & timely contract management
-Accessibility to top lenders & various vendors for your home
-Always accessible by phone & email
-Do what we say we''re going to do
-Provide highly skilled contract negotiation
-Market listings to the best of our ability, not just list it in the Multiple Listing Service
-Top Notch Double Sided Color Cardstock Flyers
- Virtual tours on YouTube to music
- Craigslist Listings
-Skilled and advanced internet marketing
- We won''t just "sell" you a home but find you a home that is a long term good decision.
- Education throughout the home buying process for first time home buyers and also investors As an agent I utilize a unique internet marketing program to offer my seller clients a competitive advantage. I maximizes internet exposure for your home through the use of aggressive marketing techniques, which enables me to sell homes fast and for top dollar.
Utilizing a unique internet marketing program to offer my seller clients a competitive advantage. I maximize internet exposure for your home through the use of aggressive marketing techniques, which enables me to sell homes fast and for top dollar.
Ultimately, trust, hard work and solid communication result in successful outcomes for both buyers and sellers. I appreciate the opportunity to be considered as your REALTOR® and will go above and beyond to ensure your real estate transaction is a positive and enjoyable experience.
Give me a call today for a friendly, no hassle consultation to discuss your Real Estate needs.
Some Highlights:Historically, the choice between renting or buying a h
"Bonnie Lelak was so professional, attentive, and very eager to help me find a home that was just perfect for my family. I recommend her to anyone looking for a home. She was very easy to contact, always got back to me immediately and really showed care and concern for my family."