lease purchase and rent to own

PROXIMA Investors

Property Acquisition and Lease Purchase Specialists

Massachusetts and New England

What is "Lease Purchase"

Lease purchase in Real Estate @ Proxima Investors differs from the "traditional" Rent-To-Own as a method of property acquisition. Typically starting with a downpayment towards the final purchase price of a property as agreed, it has a period of occupancy, variable in length but usually ranging from 12 to 48 months, as a lease. It concludes and completes with the transfer of ownership at the end of the lease period and upon cumulative payment of the whole final agreed price.

News and info related to real estate lease-purchasing

Lease-Purchasing as an option to be considered by both Sellers and Buyers

Lease purchasing is growing in the US as an alternative method of selling a property for actual owners, for buying one for prospective owners. Every party involved wins if it's done properly from start to finish. With so much of a lease purchase contract that can be adapted to the parties and their specific situation, the transaction can be engineered so that it satisfies a very broad range of buyers and sellers. If owning a home is part of the American Dream, for some it will be only a dream, until we find them a solution and put them on the path of ownership!

Mortgage shopping in a Lease-Purchase: Benefits for Sellers and Buyers

One of the advantages of a Lease-Purchase for Home Buyers is that it allows much more time to shop around for a mortgage. Obviously, it also allows to position themselves so better conditions are generally gained, like improving their credit score. In a conventional sale instead, hard deadlines often must be met because after an offer subject to financing is accepted, the sale is pending. Because of the contingency on securing the funds, the Seller could be held up while the prospective Buyer is taking time to secure an acceptable loan/mortgage. With all the hurdles and pitfalls in any application in a tight credit environment like in the mortgage industry nowadays, it certainly takes weeks, even if preapproved, or even months.

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northborough real estate cold market for sale homes in northborough via lease purchase winter property market of northborough ma in new england cold season in northboro massachusetts

The Northborough, Massachusetts house market

There's little surprise in hearing that the median list price for homes just dropped approx $30,000 this month of October, probably due to the long and cold season fast approaching. It's safe to think that prices will further drop while homes about to be available will be held off the market at least until early spring, while unsold proerties may be taken off the market waiting for better times for sellers. With a lowering inventory it may be more difficult for buyers to find the right property and it can be expected that they postpone any effort until the market has more to offer. Moving also may be a problem in the cold and adverse weather, and the market is likely to almost freeze just like many outdoor activities in Northborough and all of New England.

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Lease Purchase and Rent-to-Own

In Real Estate, lease purchase (or lease with the option to purchase) is used interchangeably with rent-to-own and tend to define the same type of agreement; essentially an agreement between two parties in which there's an initial period of traditional rental and then the tenant chooses whether to exercise a preagreed option to purchase the property, within the timeframe decided at the time of the contract, at a price which can be the market value at the time of purchase or a predetermined fixed price. However, @ Proxima Investors, rent-to-own or lease -purchase is an agreement which has a more specific structure which yields much different results and still is a very accessible way to purchase a home for a tenant/buyer or lease/purchaser, and a convenient method to sell for owners/sellers, which makes it much more popular and efficient than the traditional, yet rarely used, rent-to-own.

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Realtors and Real Estate Investors

Unlike other investors in real estate, we, @ Proxima Investors, value the services of realtors as an added and alternative channel to find the right properties and sellers for sound investments which are beneficial for all parties involved. Since we offer a different approach to buying and selling, we are often a better way to market a property for a realtor with regards to a specific property belonging to sellers who have specific needs or preferences.

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