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Welcome to iLease-a-House.com the best place for lease to own information.
Challenging Economic Times Call For
New Approaches
To Buying & Selling Real Estate
The current financial crisis faced today is causing many to look at fresh and new
approaches to the traditional Real Estate markets. With the collapse of the Sub-prime mortgage
markets in the USA, and the flow on effect sellers are finding it difficult to sell their houses, and buyers are
finding it increasingly more difficult to get bank approved financing.
For buyers right now it can be extremely challenging to get bank approval for a home loan.
The days of easy finance through the sub-prime mortgage market are long gone.
The credit squeeze is seeing more buyers turned down for finance.The challenge for buyers is compounded when they have low credit scores, have bad credit history, have faced or are facing backruptcy or unstable work history. Self employeed people are also finding it hard to get a mortgage right now in these uncertain times.
So the obvious questions right now are ... How do you buy a house without bank finance? How do you buy a house after bankruptcy? How do you buy a house with bad credit? Is it even possible to buy a house when you have bad credit or a low credit score?
The good news is yes! You can still buy a house without using bank approved finance using a little known strategy called lease to own.
It is sometimes referred to as rent to own or lease option. It belongs in the same creative realestate category as vendor financing. This real estate strategy may be the answer that many sellers and buyers are looking for in this difficult real estate market.
Using lease to own as a real estate strategy buyers can enter into a lease agreement on a house for a set period of time. In addition to the lease agreement, is the lease option contract which gives the tenant the option to purchase the house prior to the end of the lease agreement for a predetermined price. This way buyers get to live in the house first. They can experience what it is like to live in the house, the neighbourhood, and so on. If they decide they want to go ahead and buy the property they know exactly what price they will pay.
What this means is that many of these buyers who lease purchase will in fact take better care of the property. It is not uncommon for these buyers to make improvements to a property because they know that any improvements they make they will profit from when they exercise their option to purchase the property.
This is an ideal way for buyers who are struggling to get bank approved finance because of reasons like having a low deposit, a poor credit score, been bankrupt or are self employed.
It means that the
dream of home ownership is closer for these buyers by using the lease purchase real estate strategy.
The most important part of the success of this real estate strategy is to have the best lease to own training and contracts. You can recieve these through iLease-a-House.com's advanced lease purchase training, rent to own mentor, and lease option consulting packages found in the products section of this website.
Does the rent to own strategy benefit sellers as well?
Well firstly right now anyone trying to sell a house will appreciate just how challenging it can be. With a lack of bank approved buyers in the market prices are falling. Many sellers have tried selling their properties as for sale by owner after giving up on their Realtors. Problem again is that there is just a lack of buyers who have approved finance or mortgages right now.
So using the lease to own creative real estate strategy sellers can start to generate income from their properties as they find buyers who are willing to lease their house from them. So instead of your house sitting empty for months on end costing you money you can now at least generate rental income and turn the property into a positive cash flow property.
Even better is that you have an extremely high chance of the person leasing the property wanting to
exercise their option to buy before the end of the lease agreement. The good news for sellers is that
as long as you have negotiated a fair price at the start of the agreement you can be fairly certain that
they will go ahead and want to purchase the property. 
So the lease purchase creative real estate strategy can be extremely effective for both buyers and sellers.
It is definitely worth considering in this current market as a sound real estate investing strategy.
As always, the most critical element in lease to own success is to have the best lease to own trainer and contracts. You can purchase these through iLease-a-House.com's advanced training, mentoring, and consulting packages found in the products section of this website.
If you are an investor then you will also want to find all information on how use the to lease option strategy for more positive real estate investing. Investors can secure good rental returns from buyers willing to rent to own and have a ready made buyer for the property at the end of the lease period. This is a key real estate investing strategy being used right now to turn real estate investments from negative to positive cash flow properties.
Traditional marketing methods for real estate are no longer as effective.
The smart Realtors are seeking to differentiate themselves by learning all they can about how to lease to own and how their sellers can use this strategy.
You should too?
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The New Lease Purchase Success Kit - $595
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