Achieve your Dream
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JJD Properties, LLC
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Rent to Own - Colorado |
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Our business model is simple. I connect housing needs with housing availability, but not in the traditional manner.
Sellers, if you have a house that you are having trouble selling, turn it over
to me. I may buy it. I may lease it, I may take over the payments for you,
or I may place it in a Lease Option program. Buyers, if you are having trouble qualifying for a mortgage right now, but it looks like you will be able to qualify within the next 24 months, and are serious about home ownership, let's talk. I have houses available on a "rent to own" basis, also known as "Lease Option". Note: we only operate in the state of Colorado, so don't give me any requests for non-Colorado housing. A Lease Option is similar to any type of "option". It gives the Optionee the right or privilege to do something. In the case of a lease option, it allows the optionee the right to purchase a home at some pre-defined terms, within a defined timeframe.
Benefits of Options for Buyers
Most of our buyers are individuals who have had some "bad luck" in the past, i.e. bankruptcy, divorce, medical problems, lost job, etc., OR they might have a new job or haven't saved enough of a down payment, OR they may have just moved from out of state, and just want to try a neighborhood on for size before committing themselves fully to it. When the "bad luck" types of situations happen to a person, it can be difficult to get a mortgage due to recent poor credit history or no credit history. This type of situation can be overcome with time. A lease option gives an individual time to repair or correct poor credit and time to create new credit.
How We Work
Our Lease Options are 12-18 Months in Length. Here is an example of how it works: 123 Oak Street, Anytown, CO - Sales Price $250,000.00, Option fee $5,000.00 and a monthly Lease Rate of $1250.00. The $5000.00 Option Fee gives you the right to purchase 123 Oak Street for $250,000.00 within 18 months. The $5,000.00 Option Fee is applied back to the purchase price of the property at the time you get your mortgage. In this example, you would have 18 months to acquire a mortgage on this home. We would also reward on-time payments by giving you an additional $100.00 for each month your lease payment is received by the 1st of the month. This could give you an additional $1,800.00 to apply towards the purchase price of this home. If you always pay on time, this example would give you $6,800.00 towards your home purchase. However, if you decide not to purchase the home you would forfeit all of your option consideration: just like in any other type of option. Therefore, you need to be sure that you want AND can buy the home prior to signing the option agreements.
Benefits of Options for Sellers
Sellers win too. Sellers get relief from their mortgage payments, maintenance taken care of, full tax benefits, and the security of knowing that their home is sold at the price they want.
Interested?
Buyers
Please click here and you will be presented with a simple form to fill out. The contents of the form will give me enough information to start matching your needs with the homes that are available. I will contact you if I need more information or to arrange a showing.
Sellers
Please click here and fill out the form with as much information as possible about your home. I will then do a market analysis and arrange a time with you so that I can present a plan to you based on your individual needs.
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