Selling Your House by Lease Option

A. When Willis Acquisitions® lease options a house from an owner; we guarantee in writing that all minor maintenance and repairs will be paid by us as well as taxes and insurance while we are selling your house to a sub-tenant/buyer. We only deal with high-quality people who are looking to buy, not just rent, a house.

When you sell your house by lease option, we handle all the marketing of the house. This includes paying for advertising, screening potential tenant/buyers, and showing the house. We want the process of selling your home to go as smoothly as possible, with minimizing headaches for you caused by buyers who tell you that they want the house, but end up not being able to qualify for financing.

You are also relieved of having to pay double mortgage payments in the event that you have to move before you are able to get a buyer for your home. In short, we simplify the process of selling your home by handling all the details that waste so much of your time and money.

A. Willis Acquisitions makes your monthly payment while a sub-tenant/buyer is qualifying for a loan. All your expenses related to the house are taken care of.

Another advantage is that we are only interested in putting high-quality tenant/buyers in the house since we make our profit by selling for higher than we buy. Since we guarantee maintenance on the house, it is in our best interest to ensure that our tenant/buyer will take care of the home and eventually secure financing to cash out you, the seller, and us.

This means that we put our tenant/buyers through an intensive pre-screening process before they are even permitted to look at the house. We dont work for commissions; we have a vested interest in the house and making sure that it gets sold.

A. That depends on a number of different factors. We work with mortgage brokers that are usually able to get most people financed after they have paid for 6 months on the lease option. Since everyones credit history varies, that time period can be shorter or longer for the tenant/buyer that we eventually put into the home. So we cannot guarantee when our tenant/buyer will secure new financing.

However, until our tenant/buyer qualifies for financing, we continue to pay all the expenses related to the house. It is also in our best interest to get our tenant/buyer a new loan, since that cashes us out as well, so we work aggressively to get our tenant/buyer financed as soon as possible.

A. That is always an option that is available to you. The difference would be that you are responsible for your monthly payment, your taxes, insurance and any maintenance or repairs that the house needs while you are trying to sell it. You then need to try to find someone who can actually qualify for financing, wait for them to get approved, and hope that they dont pull out of the deal, making you start the whole process over again.

A. If you have the expertise to screen potential tenant/buyers, check references, know what sort of credit scores will allow someone to be able to be financed, deal with maintaining your home while someone else lives in it, work with mortgage brokers to get them financed, and finally set up a closing, then finding a tenant/buyer on your own would be a viable option to you. If you lack the expertise in any of these areas, we are able to help.

A. Our tenant/buyers are carefully pre-screened to ensure that they want to buy the house and are able to buy it at some point in the future. However, circumstances can change in someones life, such as an unexpected job transfer, that make it necessary to move. In situations like that, we continue to pay all the expenses for the house while we find another qualified tenant/buyer to put into the home.

It is our goal to ensure that the process of selling your home is a smooth and easy one for you. We strive for a win-win-win situation in all our lease-option deals. You, as the seller of the house, win by receiving the assurance of knowing that while the house is being sold, all of the expenses are taken care of, and the house is maintained.

Our tenant/buyer wins by getting to own a home in a shorter amount of time than it would take them if they were trying to buy conventionally, as well as being able to immediately occupy their new home, while qualifying for a loan.

We win by profiting from the sale of the home, as well as gaining 2 more satisfied customers. The reason that we are in business is, of course, to make a profit, as well as to use our expertise in real estate transactions to assist homebuyers and sellers in making the sale or purchase of their home an easy one.