Why rent when you can buy?

Rent Alternative

There are many reasons why a Buyer/Renter should consider a Lease Option.

 

To begin with, the Real Estate market in SW Florida has been booming in the past 5 years, making home ownership very lucrative.  With average appreciation of 26% per year in Lee County, Home Owners have been benefiting largely in the past few years.  It’s not unheard of for people to buy a home and sell it a year later making $100,000 or more.  We have all heard those stories, or know someone who has done it.  Now you have the opportunity to benefit yourself from it as well, even if your credit score or income cannot support a mortgage.

 

Lets see a simple example, using our inexpensive Boca Grande 3 bedroom 2 bathroom Lease Option Home for instance.  Lease optioning the property with $2,500 down, and locking the price at $148,900 for one year. If the market continues

Why Lease Option?

To contact us:

Phone: 239-278-1001

Fax:     239-278-1004

E-mail: sales@rentalternative.com

to grow with the same rate, by the end of your first year, you will have the option of purchasing the house for the set price of $148,900 even though at that time the house will be worth $187,614.  This means that you just made $38,714 which will be considered your down payment when you refinance the house to your name. 

 

What if you decide not to purchase?  Well, it won’t make sense to walk away from $38,714 right?  With the assignable contract which is used in the transaction, you can sell your option to another Buyer and walk away from the deal with $38,714 in your pocket.  Or let’s be realistic, if you like to sell the house quick, you will probably give your buyer a deal and walk away with only $30,000 or so.  Is that so bad?  You always have the other option, of simply renting a home, and wasting your $1,100 per month and at the end of the year having a negative $13,200 in your account.  I guess we will leave it up to you to choose the right option for you and your family.

Rent                                           Lease Option

Cost more per month            Cost less per month

Need 1st, Last, and Sec        Need $2,500 Down

Live in an older Home         Live in a New Home

Deal with a landlord             Own your own Home

Make improvements             Make improvements

but not get appreciation       and capitalize from

from them                                them

No Appreciation                     26% Appreciation

Negative $13,200 at             Positive $38,714 at the

the end of the year                end of the year

Rent vs. Lease Option