OWNERS

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Home Ownership Solutions
for Sellers and Buyers

WHAT IS A LEASE PURCHASE?

LEASE + PURCHASE OFFER = LEASE-PURCHASE AGREEMENT

A Lease-Purchase is a lease agreement combined with a purchase contract, which gives us (Rise UP Real Estate) as your new tenant/buyer the right to purchase your home under specific terms.

On average, Lease-Purchase agreements are 1 to 3 years; Rise Up Real Estate has the right (or option) to purchase your home on or before the end of that agreement, as your tenant-buyer. During the lease period, the seller applies Rise Up Real Estate's down payment toward the agreed purchase price. This arrangement allows Rise Up Real Estate's new tenant/buyer time to accumulate the necessary funds, or boost their credit score with Rise Up Real Estate professional assistance. Rise Up Real Estate can take title of your home on or before the end of the Lease-Purchase period by assisting their new tenant buyer in qualifying for a new loan, using an existing loan, negotiating owner financing, or simply paying in cash.

OUR LEASE PURCHASE PROGRAM WORKS BEST FOR FOLLOWING SITUATIONS

  • Renting your home: With our vetting, our qualified tenant/buyer will treat your home as if it were already theirs.
  • No, or little, equity in home: Perhaps you've purchased within the last year or two you aren’t quite ready to sell yet, but need to relocate.
  • No urgent need for cash: You could be looking for someone to take over the monthly payments, but be comfortable cashing out at a later date.
  • Job transfer and need to move quickly: Move to a different side of town, a different city, or a different state in a hurry -- and with fewer worries about your home.
  • Behind on monthly payments: Depending on the past due amount, Lease-Purchase selling could be a wise option.
  • Looking to buy another home: :You might want to buy another home without the weight of a current mortgage holding you back.
  • Expired Listing: If your home is listed for several months, with no luck in selling, or you’ve reached your listing expiration date.
  • Not wanting to pay capital gains upfront:You can defer high-capital gains taxes until you actually sell. (Also, you can look into a 1031 Exchange).

SELLER BENEFITS


  • Build equity every month: Your principal decreases as Rise Up Real Estate's pays down monthly.
  • No long vacancies: You don't have to wait for your house to sell or become occupied by a tenant.
  • Safer than conventional rentals: Our vetting process ensures serious, responsible tenants who properly maintain your home.
  • No management headaches: Rise Up Real Estate is responsible for managing their new tenant/buyer.
  • Receive full asking price: You can receive up to full asking price or fair market value, depending on the terms
  • Receive non-refundable down-payment: Rise Up Real Estate does not receive a refund after their down payment is made.
  • No, or very few, maintenance costs or repairs: Rise Up Real Estate is responsible for majority tedious repairs.
  • Tax benefits: You can still claim your home for year-end tax purposes
  • No Realtor fees-Closing Costs: Save yourself up to potentially 9 percent of the sell- we charge no commission fees.
  • Retain title to your home: Maintain ownership and all of its benefits, until Rise Up Real Estate closing day.
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  • Our offer may be your only and/or your best: Depending on your situation, you may have limited inquires.
  • We do all the work: Upon finalizing the agreement, we go to work for you!
  • We cost you nothing: Rise Up Real Estate collects our fees from our new tenant/buyer. Which makes it our best interest to get your home sold.

WHY DON'T I JUST LIST WITH REALTOR?

Sometimes selling a house the traditional way -- with a real estate agent or realtor -- is simply not the best fit for everyone. There can be a range of pitfalls when selling a home the agent route, including having to clean up and repair your home for a showing; finding an Realtor who you trust and one who can deliver on their promise of selling your home quickly; signing a contract that binds you to an Realtor for a certain time frame; the piles of paperwork you have to sign; and the often seemingly endless process of paperwork and negotiation from the buyer to the Realtor to you and back.

Two of the most common obstacles in working with a Realtor, or in selling it yourself, is the tendency for traditional buyers to tie up a home for weeks, then pull out on the deal at the last second, or have their bank loan fall through.

All of this adds stress and months to the process. And in the end, after paying the Realtor fees, you may or may not be ahead of the game.

It doesn’t hurt you to list your home, unless it doesn’t sell. However, most Relators simply list your home on the Multiple Listing Service (MLS) and hope to get an inquiry. The first problem with listing your home is that it can be swallowed up in the thousands of homes on the MLS. Realtors also have several other homes they are trying to sell as well, so their focus may be divided.

Furthermore, the majority of Realtors may not thoroughly understand how a Lease-Purchase is fully carried out, or they will feel a Lease Purchase is not satisfying enough for their commissions. When we work with you to Lease-Purchase your home, we take it seriously. We treat your home as if it is ours. We are constantly thinking of ways to sell your home faster, so you can enjoy your life without homeowner worries consuming your time.

To be clear, we do not replace agents/realtors or the traditional home-selling process. We simply provide another avenue to a successful sale.

COULD I JUST HIRE A PROPERTY MANAGER?

A property manager would charge you approximately 10 percent of the monthly rent. Additionally, you have to follow-up with or monitor property managers to make sure they’re doing their job. Anytime repairs are needed, the property manager will call a repair service to fix the problem at your expense. So, not only are you losing 10 percent every month on their commission, but you also would be responsible for all repair costs.

WHAT IF RISE UP REAL ESTATE'S TENANT/BUYER DAMAGES MY HOME?

There is never a guarantee that the tenant/buyer will not damage your home. However, under our agreement, Rise Up Real Estate would repair any damages at our expense, if that did happen. Our goal is to find a tenant/buyer who will qualify for a loan. In our experience, Lease-Purchase buyers treat the home with the same care that they would their own. Thus, severe damages are rarely a problem.

MORE FREQUENTLY ASKED ?'S

Rise Up Real Estate would find a new potential tenant/buyer. It is no different than what an agent would do, but with different contracts and legalities. You will solely be doing business with Rise Up Real Estate exclusively and not our Tenant/Buyer.

No. We’re not Realtors, and we don’t list houses. We Lease-Purchase homes that fit our buying criteria demanded from our network of buyers.

Our team develops comparable sales reports, and will provide them during the offer. We also highly encourage you to do your own research and comparisons to validate our given comps.

No. Rise Up Real Estate will not be living in your property, our new tenant buyer will be the occupied tenant that Rise Up Real Estate would be responsible for. Therefore our qualified tenant buyers are pre-screened and pre-approved financially and met strict qualifications upfront through our mortgage brokers and credit experts.

This information will not be shared with our sellers given the fact that Rise Up Real Estate will serve as the actual Tenant Buyer on the agreement with the home seller. All of our tenant/buyers are in positions to buy the property in projected timeframes, and will have their own agreement established with Rise Up Real Estate.

We are proud to say that this has yet to occur. At Rise Up Real Estate, we strive to acquire the best real estate in the market, with the means to buy the property outright (cash out) before or on the term’s end date. Unforeseen circumstances do occur from time to time, though. If we decided to not purchase your property by the term’s end date, we could either extend the term with an agreement between both parties, or we could end our lease and walk away from the deal.

There are benefits for you as the seller if we were to not purchase. Firstly, you would keep the non-refundable down payment. Secondly, you would build equity in your home from our tenant/buyer payments; then, you can sell it for market value, which would typically be much higher over the length of time. Thirdly, you will most likely profit from any appreciation that you accumulated over the term length.

All things considered, this would lead to a better outcome than if you were to have a traditional renter that may not treat your property as if they were buying it.

We have our buyer take care of all repairs, up to $500 per occurrence. Therefore, you would not have to wake up to maintenance calls in the wee hours of the morning. Even if the A/C went out, as your new tenant\buyer Rise Up Real Estate would pay the first $500, and your insurance would pick up the remaining balance.

We typically set a commencement date of 30 to 45 days from the agreement date. This usually gives you time to pack up and relocate, sans the hassle.

We sign off on the original lease-purchase agreement typically at our office location, Docu-Sign or at the subject property location. When we are ready to close, we will complete that process at our attorney's office. We highly encourage you to have our lease agreement and purchase contract reviewed by your own attorney before inking the deal.

The deed gets transferred once the purchase is exercised at the closing with our title/attorney company.

There are NO fees or commissions when working with the Rise Up team. We’ll make you an offer, and if its a fit, we’ll Lease-Purchase your home. We also pay for the closing costs at time of closing. No hassle. No fees.

We make our money after we place our qualified ​tenant/buyer​ in your property. We ensure that the home is ready to show in the market, and lease-purchase it for a profit. We assume all of the risk on whether we can lease it for a profit or not -- once we Lease-Purchase it from you, the responsibility is ours and you walk away without the burden of the home and its payments.

Real estate agents list properties and hope that someone will buy them. The average time to sell a property in many markets right now is 6 to 12 months. As you know, you pay a commission as a percentage of the sales price when you work with a real estate agent. Often, it’s 3 percent to 6 percent of the sales price. For example, if it’s a $100,000 home, you’ll pay between $3,000 and $6,000 in commission to an agent. Agents provide a great service for those who can wait 6 to 12 months, and for those who have the flexibility to pay the sales commission.

Our company leases houses with the option to purchase. We don’t list houses. Since we’re actually the one leasing and buying the property from you, we can make a decision to lease-purchase your house within a couple days (sometimes on the same day). Again, we make our living by taking the risk to lease the house with our own lease-purchase buyer network, and market it ourselves to find a qualified lease-purchase buyer. That’s the hard part of this market, but we specialize in making it easier with our expert team.

There is no obligation at all. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make a lease-purchase offer that's fair for you and fair for us.

From there, it’s 100-percent your decision on whether or not you’d like to Lease-Purchase your home to us. We won’t hassle you, won’t harass you ... we’ll wait to hear back if the Lease Purchase offer is right for YOU!

WANT TO LEASE PURCHASE YOUR HOME TO RISE UP REAL ESTATE?

We're ready to help you!

We’re real estate professionals with years of unique experience in the Georgia real estate market.

We’re not real estate brokers, so we don’t require a commission to sell your property. We aren’t attorneys, either. Please be sure to seek thorough legal and tax advice on your situation before making any decisions.

We’ll make sure you get all the right documents, fill out the right forms, and that everything is handled with the utmost respect, courtesy and privacy. We’ll get it all explained to you and make sure you understand the details.

There are several guidelines and laws involved with every real estate transaction. We are well-versed in those guidelines and laws, and our goal is always to ensure the best job possible, every time.

We take pride in our great reputation in the Georgia area, established by our honest communication and fairness to everyone. We work hard to improve communities and help neighbors feel at ease -- one home at a time.

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LETS RISEUP TOGETHER!

LEANING TOWARD A LEASE PURCHASE?

Please complete a Seller's Questionnaire and we'll schedule a call or an in-person meetup to discuss your situation, property, and selling goals, and to see if we are a good fit for each other. If not, we will be happy to point you in the right direction for your selling goals.

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