• You can move into a house with bad credit while its being restored.
   
• Lease/purchase is treated like a re-finance which makes it easier to close when the time comes.
   
• Faster possession time. Once a contract has been negotiated & accepted you can move in with-in 30 days or less.
   
• Seller continues paying property taxes and insurance
   
• Price is locked in at time of contract. Any additional increase in value becomes yours.
   
• You can do upgrades, painting, additions, etc as long as it is in good taste & increases property value. ( not like a rental).

• Seller stops making mortgage payment which result in you becoming homeless and loosing your invested interest
   
• Seller has unknown liens on property therefore makes it harder for you to actually close when the time comes
   
• Terms not as attractive due to your bad credit which result in paying higher monthly & down payment requirements
   
• Not a rental, anything breaks, you fix at your cost
   
• No tax advantages during the lease portion of contract
   
• Non-refundable money for down payment. So if you decide not to buy at end of term you get none of your down payment back.

Here is a list of things to consider before negotiating a lease purchase directly without agent representation.

1) Do you know the current market values in your area of interest?

2) Do you have the resources in finding the best deals?

3) Do you have and understand lease purchase contracts?

4) Do you know enough about negotiating?

5) Do you know how to protect yourself against sellers default?

6) Do you know how the inspection process works?

7) Do you know how to move into a home with as little as $995 down payment?

If you said NO to anyone of these questions please do yourself a favor and click the solution button now!