My New Outside Blog: Overcoming the Home Sale with a Lease Purchase and Closing the Home Sale

Overcoming the Home Sale with a Lease Purchase and Closing the Home Sale

Claude tells an amazing story. Glad it worked out, due to your diligence. Shows what can be done starting with "just" a rental.

The rentals that scare me are the homes ADVERTISED, especially on places like CraigsList,  as a lease purchase. Chances are high that the seller/owner is not making his house payments, or intends to stop, and will collect a big "deposit, first and last, etc. and then default on the loan. Leaving the "renter" to wake one day to a knock on the door from the sheriff, tacking a foreclosure notice on the front door.

Who Said Concord Homes for sale, in this area ,can't end up a closed deal:

 The Dreaded  - Lease/Purchase agreement?.

 Concorn Homes For Sale

Hold on Trigger, this is not a walk in the park.

It was a quest that had twists.

Here is the story without names:

She came in through the bathroom window, (with 3 days notice.)

Family in tow, and a house to sell in snow country. She said she had 3 hours on the 17th to find a rental home or a lease/purchase home. Her children picked three from our site.

They were unaware of "my blog" and to "my online rankings".  Her teenagers found "us".

I showed them the rentals, all in a row; but our picks seemed grim, and opportunities were slow...

Then up on a hill, their teenager screamed, "Hey Mom and Dad, let's look at that one-its the one that I dreamed!"

I said "that's no rental," yet I gave the agent a shout."

And told my clients, "Don't get your hope's up, whilst we look about"

Short Story: We got in.

They screamed in delight, "This is our our house and a very, very fine house". (Which it was.)

And with no Rhyme, (it was a straight sale), no Rental Option on the MLS, (where due diligence ultimately paid off).

Through levels of phone calls, hearing the listing agent protest; the sellers, well, they relented, as this was all for the best.

But hope springs eternal, and things happen 'bout; even that I, had begun this, with serious doubt. A lease-purchase deal was set to begin, all parties left the table, wearing a grin.

With paper work in order, they moved in to their new home.

This woman with a will to make it happen, did so today. How far we have come! Today, we went officially, from a lease to purchase, to a full out purchase, within a 5 month period, instead of what could have been a year.

There is a moral to this story: Don't look a gift horse in the mouth, and if it is a determined Mom with children in tow, get 'er done!

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Jon Quist, ABR, CRS, ePRO, GRI

REALTY EXECUTIVES TUCSON ELITE

Tucson's BUYERS ONLY Agent

6444E TANQUE VERDE ROAD

Tucson, AZ 85715

520-850-5995 Direct

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Comment balloon 2 commentsJon Quist • January 24 2011 03:01AM

Comments

LOVE THE HAPPY ENDING! I tell people I see miracles in my business every day - this was a great one to share.

Posted by MichelleCherie Carr Crowe Just Call...408-252-8900, Family Helping Families Buy & Sell Homes 40+ Years (Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty) about 9 years ago

Hi Jon, great lead in for the post, theanks for putting it up again, I had missed it.

Posted by Dan Edward Phillips, Realtor and Broker/Owner (Dan Edward Phillips) about 9 years ago

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