We ask that you wait to submit any offers on a home as we’re not accepting any purchase of sale agreements in Georgia at this time and then it goes on to say basically for all other markets as we continue with normal operations. Due to a delay with the Department of Housing and Urban Development, Trio is temporarily not accepting any new purchase and sale agreements in Georgia we are continuing to process applications and have a few move-in ready homes available in the Atlanta market. If you are in the state of Georgia like I am, at the time of my research, Trio is on hold. You can see all of the states that they are listed in. In my opinion this program would be good for a person that needs a couple of years to qualify to buy a home but they want to get into that home now okay. If you go to their website, you click on Communities. Home Partners of America allows you to find a home that you want to rent from us initially, but you may also like to buy any time within the next three to five years okay. Those people may want to look at these programs to see if that’s an option for them. There are some people who cannot for various reasons buy outright within the next 12 months. It’s gonna be in your best interest and cheaper in the long run for you to just go ahead and buy outright. #2 – Any time someone asks me about a lease or lease purchase I first talk to them about getting approved to just buy outright. Do your own due diligence and then you have to apply it to your particular situation and what’s going to work out best for you. Some of these companies I am more familiar with than others but again these are my opinions and I urge you to do your own research. I have not personally purchased a home through lease purchase okay. #1 – The information that I’m going to share is based upon my research on paper. I have come across a few companies that offer a lease purchase option and I feel comfortable enough to present this as an option to my clients. A lot of the times one will end up putting a large amount of money down upfront and if they decide not to buy that property or things don’t work out, they lose their money. Verify information directly with the companies mentioned.īasically a lease purchase is an agreement that allows someone to rent a house with the intention of buying it at some point.įor many years I would advise against doing a lease purchase because of how most are structured aka the fine print. Information is subject to change at any time. If you are interested in seeing if a lease purchase option is right for you or applying to one of the programs, CONTACT ME to get the process started (404) 857-2508.ĭISCLAIMER – These are my opinions based on my research on paper. *I am a preferred/registered agent with all of the companies listed. In this blog post and video video, I share my finding on 4 companies. While it still isn’t my top recommendation depending on their situation, I have come across some companies that offer a lease purchase / lease with the option to buy alternative that are worth looking into. etc.When someone has to rent because they are not yet in a position to buy a home, BUT they know they want to own a home, LEASE PURCHASE is often an option they look into.įor years I advised my clients against doing a lease purchase. It is possible as if it done by many other partner arrangementss such as tripple A, car repair plans, etc. Divvy should pay watever portion it is going to pay, allow home owner to decide who will do the repairs and only be involved for the bill. I have shared all of this and nothing has been done. The first one same thing very disrespectful saying he was dealing with Divvy did not do a good ob and no one else has come to fix what he messed up being the electracal in the kitchen that now after he left flickers. The other communicated with me in a respectful mannor and provided best service to date. One of the people that you chose to do repairs actually told me that he is paid by Divi, perceded to come to my home whenever he wanted took time different from agreed upon etc. The start of repairs has been very unprofessional and have made me feel as if I am not the owner who cose the home and intered into a partinership. I am still waiting to get reparis complete that were negotiated at closing, the money should be in hand already. Overall staff were helpful, but the limitations are in the way you are organized.
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