Lease Purchase Program
Sellers Lease Purchase
Buyers Lease Purchase
Online Payment
GET STARTED TODAY!
Buyers Lease Purchase Program - GET STARTED TODAY!
Ready to get on you way to home ownership?
STEP #1
Please read the Retainer Agreement, complete it and fax it back to (404) 601-1450.
DOWNLOAD THE RETAINER AGREEMENT
STEP #2
Pay the retainer fee of $995.00. You may do this online or in person.
PAY ONLINE
STEP #3
Contact Sherry Collins at (678) 626-0030 to inform her that you are in the Lease Purchase Program through Vision Quest Realty and would like to get a copy of your free credit report.
Within 48 hours of completing these 3 steps, we will receive confirmation from our in-house lenders of the price range you will be able to purchase in. You will then assigned an experience Buyers Agent who will contact you to begin looking at home in area of interest.
COMMON QUESTIONS
Q. How long does it take before I am able to actually move into a home?
A. Once we are able to locate a home that fits your needs, you can expect about 30-45 days, provided the investor is satisfied with the final price and terms of the home with the seller.
Q. What does the retainer fee go towards?
A. The retainer fee gets applied towards your down payment. In addition, you get a free (1) year home warranty & a termite letter ($500 value) at closing.
Q. Are there any additional fees or hidden cost besides the retainer?
A. You are required to pay for your own home inspection before signing a lease agreement. This is for your protection. If there is something wrong with the home, we can get the seller to fix or replace these problems before you move in. If you purchase a home for $250,000 or more, an
additional 1/2% will be added toward your down payment and credited at time of closing.
Q. As the property goes up in value each year, am I going to be charged the appraised amount of the home when I purchase the property or will I be locked into the original price I started with at time of contract?
A. You will only be charged the original sales price that you agreed to pay at time of contract. For example - you pick out a home that we are able to buy on your behalf for $150,000. 24 months pass and it is now time to refinance the home into your name because your credit has been restored. The appraisal comes in at a whooping $162,000. All you pay at closing is the $150,000 that was originally agreed upon. That additional equity of $12,000 is yours to keep! You earned it!
Q. I don't feel comfortable paying online to someone I never met. Is there anyway that we can meet with a staff member in person before signing up?
A. Absolutely! Although, we understand this being of concern. We will be more than happy to have one of our licensed agents meet with you in person. We can arrange a meeting time and place, talk over coffee and go over the program completely. Once you feel assured that this program is right for you, we can finalize everything at that time.
Q. What kind of interest rate will I be looking at once I am able to move into the house?
A. There is no interest rate during the lease part of the purchase. It is only after you re-finance the property into your name that you will have an interest rate. The rate will be determined by the lender which is based on the current market rates as well as your credit and other factors.
Q. Can we look at any home for sale or are we restricted to certain homes?
A. You can look at any home for sale, but keep in mind that our investors MUST be able to buy it for a much lower amount.
Q. Can we look at New homes as well?
A. Yes, provided the builder is willing to offer lease purchase terms/Owner Financing or our investors are able to purchase at a lower amount.
Q. Can we consider a HUD home and or Foreclosures?
A. No, these are both bank owned properties that are sold in an "AS IS" condition. Our investors are not going to pay for repairs & fix up in order to place a lease purchaser in the home.
If you have any more questions, please contact us and we will be happy to answer them. You may also call our 24/7 hotline for more information at (800) 292-0402 ext. 0081.