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Wednesday, November 30, 2022

Seller Finance Owner Will Carry Lease Purchase Utah

 https://rent2ownutahhomes.com/preferred-buyer-plan


Preferred Buyer Plan

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"If you fail to plan, you plan to fail"

 

 

The Rent to Own Utah Homes

3 Step Success Plan 

If you’re tired of thinking about some far-off day when you can own your own home and are ready to experience ALL the benefits of owning a new home NOW. Then we invite you to learn the simple strategies we’ve developed that have turned countless renters into successful home buyers within 24 months or less!

 Step 1
Get Clear on Your Financial Situation

  • Have your financial situation reviewed by one of our experienced mortgage professionals, to find out exactly how much house you can comfortably afford.
  • Discover any obstacles currently keeping you from getting traditional financing and develop a plan to handle any credit issues you may have.
  • We encourage our clients that need it to enroll in an aggressive credit restoration and credit building program. We have partnered with UCES (United Credit Education Services). We are so confident this service can help you that we will rebate you for the cost of 6 months of credit building service, at the closing of your new home.* 

Step 2
Become a Preferred Buyer

  • Complete your Exclusive Buyer Broker Agreement. You are now a Preferred Buyer and are ready to present offers and be taken seriously by Sellers.
  • Receive updated listings of properties that meet your specific criteria and in your desired neighborhood.
  • Beat out any competition for your new home by having first access to our inventory of motivated sellers offering terms. 

Step 3
Start Shopping for Your Dream Home

 As your Agent, we now represent your best interests and can give you exclusive access to:

  • Homes we acquire through our marketing efforts
  • Homes listed on the Multiple Listing Service
  • Homes “For Sale by Owner”
  • Homes “For Rent”
  • Pre-foreclosure & distressed sales

Enroll in our Preferred Buyer Program now!!

Brokerage services provided by Integra Realty

Monday, November 28, 2022

Seller Finance Owner Will Carry Utah

 https://rent2ownutahhomes.com/problems-selling


Investors Page

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Are you an investor looking to move assets into residential real estate?
 
 
Let our experience guide you every step of the way.
 
We help investors realize higher returns and provide a reliable exit strategy.
We also specialize in securing only the best tenants that have a vested interest in the property and eliminate all the major hassles of being a landlord.

Client Testimonial

"I am an investor from the Bay Area in California. Mike was recommended from a relative of mine. Mike and his team guided me through 8 transactions in less than 1 year, and I have never even been to Utah! Mike did exactly what he said he would do. He found the properties, negotiated the price, facilitated the transfer of all the documents and closed the deals on time. With the strong Utah economy and Mikes help, I found renters for every property before closing. My property appreciation has been outstanding! Mike's attention to detail really took the stress out of investing in an unfamiliar market. Jon Troung San Francisco, CA"

Jon Troung

 

Contact Mike at 801-708-3513 or Lisa at 702-927-4046

teamzenutah@gmail.com

 for a private strategy consultation!

Tuesday, November 22, 2022

Wednesday, November 16, 2022

Seller Finance Owner Will Carry Utah

 https://rent2ownutahhomes.com/pages/3552/How-Rent-to-Own-Works


How Rent to Own Works

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How Rent To Own Utah Homes Works

Rent to Own (also called a Lease Option) or Seller Finance is perfect for people who want to stop throwing their money away on rent, month after month, and instead want to start building equity in their new home immediately.

You first pay a nonrefundable Downpayment Option Fee that will be applied to the final purchase price of the home. Your option fee entitles you to be able to purchase the home at any time throughout the option period (usually 24 months) at the lowest market price we can negotiate on your behalf.

Throughout the option period, you’ll be leasing at a negotiated rate. This rate is typically determined by the balance of the purchase price after deducting the down payment and are typically higher than traditional purchase mortgage rates. Since you’re going to be purchasing the home, most sellers have few concerns over pets or how you want to spruce up the home. Unlike a regular rental though, you become responsible for any house maintenance.

Why Our Buyers Succeed

We set you up for success by taking extra steps to protect you and ensure you are able to finance at the end of your term.

  • We qualify you for a lease option or seller finance home just like we would qualify you for a traditional purchase by having you speak to a lender to determine your purchase price. At the end of the day, you will need to be able to qualify for a loan and it only benefits you to purchase a home you can afford.
  • All rent payments are processed through a third party escrow company, which ensures any mortgage is paid before the seller receives any money
  • You will be able to lock down the purchase price of the home. In an appreciating housing market such as ours, this can mean your home may be worth 5-7% (depending on current market appreciation) more than at the beginning of your lease term. YOU will get to keep all of the appreciation, not the seller.
  • You will gain equity through monthly rent credit. A portion of the rent will be applied to the purchase price for all on-time payments throughout the term of the lease.
  • You will be enrolled in a credit restoration/credit building program. We will be able to monitor your progress and offer assistance throughout the process

Find Out The Requirements To SUCCESSFULLY Purchase A Rent To Own Home In Utah

Tuesday, November 8, 2022

Seller Finance Owner Will Carry Utah

 https://rent2ownutahhomes.com/pages/3552/How-Rent-to-Own-Works


How Rent to Own Works

Photo

How Rent To Own Utah Homes Works

Rent to Own (also called a Lease Option) or Seller Finance is perfect for people who want to stop throwing their money away on rent, month after month, and instead want to start building equity in their new home immediately.

You first pay a nonrefundable Downpayment Option Fee that will be applied to the final purchase price of the home. Your option fee entitles you to be able to purchase the home at any time throughout the option period (usually 24 months) at the lowest market price we can negotiate on your behalf.

Throughout the option period, you’ll be leasing at a negotiated rate. This rate is typically determined by the balance of the purchase price after deducting the down payment and are typically higher than traditional purchase mortgage rates. Since you’re going to be purchasing the home, most sellers have few concerns over pets or how you want to spruce up the home. Unlike a regular rental though, you become responsible for any house maintenance.

Why Our Buyers Succeed

We set you up for success by taking extra steps to protect you and ensure you are able to finance at the end of your term.

  • We qualify you for a lease option or seller finance home just like we would qualify you for a traditional purchase by having you speak to a lender to determine your purchase price. At the end of the day, you will need to be able to qualify for a loan and it only benefits you to purchase a home you can afford.
  • All rent payments are processed through a third party escrow company, which ensures any mortgage is paid before the seller receives any money
  • You will be able to lock down the purchase price of the home. In an appreciating housing market such as ours, this can mean your home may be worth 5-7% (depending on current market appreciation) more than at the beginning of your lease term. YOU will get to keep all of the appreciation, not the seller.
  • You will gain equity through monthly rent credit. A portion of the rent will be applied to the purchase price for all on-time payments throughout the term of the lease.
  • You will be enrolled in a credit restoration/credit building program. We will be able to monitor your progress and offer assistance throughout the process

Find Out The Requirements To SUCCESSFULLY Purchase A Rent To Own Home In Utah

Wednesday, November 2, 2022

Seller Finance Owner Will Carry Utah

 https://rent2ownutahhomes.com/pages/3558/Why-Choose-Seller-FinanceLease-Option


Why Choose Seller Finance/Lease Option

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Why Seller Finance, Lease Option or Rent to Own?

Buyers: 

Many buyers have sufficient employment income, down payment etc. However due to any one of the many "Life Events" that we all go through you may not fit into the traditional finance box.

A buyer may be self employed, had a recent divorce, injury , medical bankruptcy or may have just moved to the area for a new job.

Owner Financing generally allows a buyer to purchase a home, even when they do not currently qualify for a traditional mortgage. It does not matter if you are self employed, or have damaged credit.

Some benefits include: 

  • Fast Transaction! These transactions generally 3 weeks or less to complete.
  • Superior to renting because the home is being sold, not rented.
  • Your purchase price is locked in and you begin building equity right away.
  • Great for purchasing in an up market because when the market rises, so will your equity in the home. Sellers are more flexible with their terms     

Sellers:

Many sellers may not have enough equity to cover the cost to sell their home traditionally and need to carry the property for 3 to 5 years.

Sellers may be facing a job transfer, divorce or other reasons that require selling now and renting is not a viable option.

Seller may own the property free & clear and want to be the bank for a buyer.

Here are a few common benefits of seller financing:

  • Allows a home owner to sell a difficult to sell home – often quickly and at a higher price!
  • Fast Transaction! These transactions generally take 3 weeks or less to complete.
  • Avoids a foreclosure and short sale in cases where the home owner can no longer afford a home
  • Usually does not require seller to bring cash to closing – even in cases where the home has little or no equity.
  • Superior to renting because home is being sold, not rented. Seller does not have to worry about maintaining the home going forward. The Seller does not need to “Landlord” the property.

Benefits for both parties:

Low loan costs. No origination fee, no underwriting fee, no JUNK fees.

  • Close when you both agree.  It is amazing what can be done when greedy banks are eliminated.
  • Re-establish good credit the best way possible- By making monthly payments on your home.
  • Buyers can become established in a home and neighborhood NOW before home prices increase more.