Lease With Right To Purchase
Contact us today at 719-237-0234 to learn more
At The Brooks Partners, we want to make home ownership a reality for more people. We have partnered with investor groups to provide you with access to a Lease with the Right to Purchase Program. This program can help you to find a home that you might want to purchase in the next three-to-five years, but can only afford to rent for now. Click “Contact Us” on this page to learn more and begin the Prequalification Process today!
TYPES OF POTENTIAL HOME BUYERS WHO MAY BE RIGHT FOR OUR PROGRAM
- First-time home buyers who are cautious about buying a home now, but want to be able to purchase a home in the future.
- Potential home owners who have recently relocated and are unsure of the neighborhood in which they should live.
- Potential home owners who cannot obtain a mortgage, but who want to live in a community with great schools.
HOW IT WORKS:
- Prequalification Process
Prospective residents start the process by filling out a Pre-Qualification Application that checks key issues. If approved, you will be required to submit a Full Application for a full credit and background check. If a Full Application is approved, our investment partner will outline the maximum monthly rent of the home for which the prospective resident qualifies.
- You work with our team to find a qualified home
You will work with a member of The Brooks Partners to find a qualified home. Once a home is identified and approved, our investment partner will attempt to purchase the home, dependent on certain conditions being met (such as agreeing on a purchase price with the seller, a satisfactory inspection, attorney review of the purchase contract, and other closing conditions being satisfied).
- Our investment partner purchases the qualified home
When the offer for the home is accepted by the seller, you will be required to sign a one-year Lease for the home as well as a Right to Purchase Agreement.
- You have the right to purchase the home at any time
You retain the right to purchase the home at any time during your residency at the pre-set purchase price using your own bank or mortgage lender. If you choose not to renew the lease, you can walk away without penalty.
BENEFITS OF OUR PROGRAM
- Transparency. Upon entering this program, you are given the monthly lease and purchase price information each year for up to five years, so they can plan for the future.
- Choices. We provide access to all listings in the communities we serve, expanding prospective residents’ selection to all qualifying homes for sale.
- Value. We leverage our investment partners to purchase the home you want, providing you with an affordable lease and a pre-set purchase price each year for up to five years. There are no hidden fees or non-refundable deposits.
- Control and Flexibility. You have the right to purchase the home at any time during your residency, at the pre-set price. If the home value appreciates above this price each year, you realize a financial benefit. If the value of the home declines, you can choose not to renew their lease and walk away without penalty.
Contact us today at 719-237-0234 to learn more.