Full Price Owner Financing Program

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Mark's fast and easy owner financing approach i.e. a DELAYED CASH SALE has helped hundreds of people Nationwide to get a full price offer on their home. How can it help you?

Mark's owner financing program objective is to make selling your home as SIMPLE AS POSSIBLE so that you can move on with your life, and quit worrying about your house.

It is our goal to ensure the process of you selling your home is a smooth and easy one for you. We strive to achieve a win-win situation in ALL our owner financing purchases.

You, as the seller of the house, win by receiving the assurance of knowing that all the expenses are taken care of, the house is maintained, and you are receiving all the tax benefits associated with being a landlord with NONE of the daily, weekly and monthly management responsibilities.

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

Mark Buys Houses created a system that creates the paperwork that mortgage lenders look for when qualifying people for loans, to assist our tenant/buyers. In addition, we give our tenant/buyers immediate credit tips and counseling to assist them in the loan qualification process.

We all win by profiting from a unique investment that is quickly becoming the “go to” method for both buyers and sellers. Mark Buys Houses uses his expertise in real estate transactions to solve problems and make the Owner Financing Program easy and stress free.

Summary of Benefits  to Seller

• No More Vacancies
• Mark Buys Houses in "As-Is" Condition
• Save or Repair Your Credit
• Debt Relief, Sometimes Instant
• We Make Your Payments on Time
• No More Missed or Late Payments
• Longer then Normal Lease Period
• No Property Management Headaches
• No More Minor Repairs
• Significantly NET MORE MONEY than Selling Traditionally
• Possibly More Tax Deductions
• Tenant/Buyer Has Ownership Mantality. 
• This Means Tenant Buyer Will Take Better Care of the Home.

Frequently Asked Questions

What exactly is a lease purchase?

A lease-purchase agreement is the basis for a rent-to-own real estate transaction. It’s nothing more than a delayed cash sale. It’s a combination of a traditional rental agreement and an exclusive right to buy the property on or before a pre-determined date in the future.

What are the advantages of selling my home by lease-purchase over listing it with an agent?

When we lease-purchase a house, we guarantee in writing that all monthly payments, maintenance, repairs, taxes and insurance will be paid by us while we are helping our tenant/buyer through the loan qualification process. We only deal with pre-screened, qualified people who are looking to buy, not just rent. These are people who have the means to buy but for one reason or another can’t get a loan TODAY. When you choose to sell your house by a lease-purchase we will handle all the details associated with the process. This includes paying for advertising, screening potential tenant/buyers and showing the house. We want the process of selling your house to go as smooth as possible, with no more 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 mortgage payments in the event that you have to move before you get a buyer for your house. As stated previously, we’ll make your monthly payment while our tenant/buyer is qualifying for a loan. All your expenses related to the house are taken care of. Try getting an agent to do that while listing your home!

Another advantage is that we are only interested in putting high-quality tenant/buyers in the house that have a vested interest in buying, not just renting. Since we guarantee all maintenance on the house, its in our best interest to ensure that our tenant/buyer will take care of the home and secure financing ASAP to cash you, and us out.

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 don’t work for commissions; we are a principal in the transaction and we have a vested interest.

In short, we work closely with our preferred lenders to get our tenant/buyers pushed through the loan qualifying process as quickly as possible and we handle all the details that waste so much of your time and money.

How long does it take before your tenant/buyer cashes us out?

That depends on a number of different factors. We work with many mortgage brokers that can get most buyers financed rather quickly once they have a proven track record of on time monthly payments. We never want to set up our tenant/buyers for failure so we have systems, processes and timelines in place to help mitigate any problems that could arise. Since everyone’s credit history varies, that time period can be longer or shorter for the tenant/buyer that we eventually put into the property. Many times we are pleasantly surprised and our lenders can get our tenant/buyers financed and get us both cashed out after only 2 or 3 years, but that’s not the norm, on average it’s usually around 4 - 5 years. So we cannot guarantee when our tenant/buyer will secure new financing.

However, until our tenant/buyer qualifies for financing, we continue to pay for 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/buyers financed as soon as possible. Regardless of their timeline, it will be within the timeframe that you and I agree upon.

Why don’t I just sell the house myself?

Marketing your house on your own is always an option that is available to you. The difference would be that you are responsible for your monthly payments, 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 don’t pull out of the deal, making you start the wholes process over again.

Did you know that approximately 80% of potential buyers can’t qualify for a mortgage today? And did you know that approximately less than 20% of all FSBO’s actually sell before going to rent or being listed with an agent? Also, you ARE selling your house yourself…to us!

What if your tenant/buyer needs to move out or doesn’t buy the house?

Our tenant-buyers are carefully pre-screened to ensure that they want to buy the house and are able to buy within our pre-determined timeframe in the future. However, life events and circumstances can change, such as an unexpected job or military transfer, divorce or even a death in the family. 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. Again, we don’t get paid until our tenant/buyer qualifies for a new loan so its in our best interest to get them financing so they can cash us both out!

What happens if a tenant/buyer tears up my house?

Anything is possible, but due to our pre-screening process this very rarely happens. But if it does, we will fix it at our expense, and we will put it in writing. Our tenant/buyers are not like your typical renter. They have a vested interest in the property and intend on homeownership. People tend to take better care of things that they own or are going to own at some point in the near future. Additionally, they make a non-refundable financial commitment and they agree to this and the terms of the lease-purchase agreement.

How do you eliminate me doing maintenance, repairs and becoming a landlord?

You’ll have 4 levels of protection. First, we will purchase a homeowner’s warranty at no cost to you and we will keep it in force for the life of the lease. Second, the tenant/buyer will be required by the terms of the lease agreement to perform all regular maintenance and repairs. Third, if any problem comes up that the tenant/buyer is unable or unwilling to perform then we will do it. Fourth, you’ll maintain your homeowners policy to protect against incidents covered by insurance.

What do I have to do?

For the most part, as the homeowner, you don’t have to do anything. We take care of all the paperwork, we close the lease-purchase through our preferred real estate attorney at our expense as well as handle the pre-screening process, placement of our tenant/buyers and ensuring monthly payments are made on time. And because you don’t have to worry about the day to day repairs and maintenance, the only thing you need to decide on is where you want the monthly payments sent. It’s really that simple.

How do I get my payments each month?

We can set it up however you like. Sometimes with homes that have no mortgage our homeowners like us to electronically have the monthly payments deposited into their bank account. Others prefer us to just send them a check. With houses that have an underlying loan we set up an escrow account that our tenant/buyers will pay into and the escrow account pays the underlying mortgage payment. Many sellers like this because it allows them to call or check their account online to verify that the payment was made to their lender.

Recap of Benefits & Advantages To a Seller When Selling Via a Lease Purchase:

• It opens up the selling possibilities to the largest market of buyers. Recent stats indicated that approximately 80% of potential homebuyers cannot qualify for a traditional loan and are seeking alternative methods for acquiring home ownership.
• Relocating due to a job or military transfer and have a limited timeframe to move.
• Bought another house already and don’t want or can’t make 2 mortgage payments.
• Have had their houses sitting on the market for 60/90/120 days with no results.
• They don’t want to just “rent” their house and have to worry about being a “landlord”.
• They have very little or even no equity in their property and can’t sell through an agent without coming out of pocket to pay closing costs and the agent’s commission.
• Can get very close to full price, much closer than selling through an agent.
• No haggling.
• You don’t pay a commission.
• You don’t pay closing costs.
• Tenant/buyer takes much better care of the property than a traditional tenant because they have a serious plan on owning it in the near future.
• With a home warranty, repairs are covered.
• In most cases you will NET 15-20% or more than if you had sold traditionally through an agent!
• On a $250,000 house at 15% that’s $37,500 more money in YOUR pocket!
• It’s a creative, “Think Outside the Box” method for selling houses, and it solves problems for the seller… FAST!
• Give Mark a call at (602) 820-5478 to discuss your options in selling your house fast!