FAQ’s – Selling Your House
What is ‘Lease Purchase’?
A ‘Lease Purchase’ is essentially a rental agreement combined with a purchase agreement with pre-negotiated terms. During the term of the lease,the buyer has the option to purchase your home at anytime. The sales price, length of the term and rental payments, etc. are all clarified in advance. Our objective is to find a tenant/buyer who will eventually qualify for a mortgage.
What if the tenant tears or damages my house?
We cannot guarantee that the tenant/buyer will not damage your house since neither you or us will be living there with them. However, under our written agreement with you, we do guarantee in writing if this should ever happen, we would repair any damages at our expense GUARANTEED! Remember, we are accountable to you, not some buyer you don’t know.
When will you sell my house?
We can’t give you an exact date. It will be up to the tenant/buyer to make the decision. However, we get paid when our tenant/buyer purchases your property. Therefore, we will encourage our tenant/buyer to buy your property as quickly as possible. In the meantime, your payments will be made which will free you of the monthly financial burden while we are working hard to re-sell your property.
Maybe I should list my home with a Realtor?
Of course, that is always an option. Realtors can provide excellent service and expertise to sell your house. However, a real estate agent will not make your payments while you wait for your house to sell. Nor will a real estate agent guarantee the maintenance and repairs of your property while you wait for your house to sell.
With our lease purchase program we do all of that and more! We will also give it our personal attention, and you can literally forget about your house until it sells. Best of all, there is no real estate commission for our services which could save you thousands of dollars.
How do I know you will make my payments every month?
We can pay you directly so that you can make the mortgage payments yourself. Or, you can also choose for us to pay your bank directly. If we don’t pay, your bank will notify you immediately. Either way, you’re always on top whichever method you prefer. The choice is entirely yours, and that is peace of mind to you.
How can your company or your Lease Program really help me?
Dreamwest Investments is a real estate investment company, and we know what homeowners go through when they try to sell their homes for whatever reason. Maybe you’re thinking about selling your home right now and aren’t sure if this is the right solution for you. Maybe, you’ve already tried listing your home with a real estate agent and this method did not work for you. Our job is to provide you with a workable solution that will work for you and our commitment to you is we will follow through until your house is sold and you are cashed out. This will happen either when we purchase or when one of our qualified tenant Buyer’s does. Again, we do not charge a real estate commission for this service.
Okay, well, how does your company get paid anyway?
We earn our profit from the difference on what we buy the house from the Seller and the amount we re-sell to our tenant/buyer. If there are any fees to be paid, it is usually the buyer who will pay us. At Dreamwest Investments we work diligently with the buyer so he/she will eventually buy your house. You pay no real estate commission whatsoever!
No one I know has ever heard of this before, is this even legal?
‘Lease to purchase’ is a very common method of purchasing real estate. Over the last 10 years or so, it has steadily become more frequently used in the Canadian residential real estate market. A lease agreement is a legal binding contract now used all across Canada. As for our company, we are part of a large network of people who specialize in creative real estate solutions for buyers and sellers alike.
We know this is a lot of information at one time, but if you are still with us, chances are you’re interested in doing what it takes to get your house sold. We do not know of an easier way to sell your house, that can give you more money, and with none of the hassles normally involved in selling. In many cases, our programs are simply some of the best, fastest, and most financially sound ways to sell a house in today’s challenging real estate market. So, why not give us a call to see if we can help provide a solution to your real estate problem.
Once you call, here’s what you can count on from us….
- First, we want to listen. We want to hear about your home, your unique situation,your needs, and what you’re willing to do to help us provide a solution.
- Next, we’ll do our homework. We will analyze your situation, research the facts and try to establish which options will be right for you.
- You’ll be treated honestly and fairly, and we’ll explain everything in plain language and answer any questions you may have.
- Best of all, you won’t pay any real estate commissions (This alone, could save you thousands).
We don’t know how many months you’ve been trying to sell your home (or thinking about selling it), but every month you wait is costing you money. Your home is an asset, so why not sell it as an asset. Don’t let it become a liability, a burden.