We have helped several families on both sides of the transaction – home buyers and sellers – with the Home Partners of America Lease with Right to Purchase Program. All the details are on their website, http://www.homepartners.com/. Here’s a brief overview for home buyers:
You first apply for the program and get approved. The criteria is on the Home Partners website (http://www.homepartners.com/faq) along with an online application. This part is very similar to a typical lease application and approval process.
Once approved, we we help you find a home that meets your family’s needs and budget, but also one that is approved for the program. The criteria for the homes approved are primarily based on the high school district the home is located in. Visit http://www.homepartners.com/areas/orlando-metro/ to see the Orlando Metropolitan Area communities that are part of the program.
You choose the home and Home Partners purchases the home from the seller. At the same time, you enter into an agreement with Home Partners to lease the home for up to five years with the right to purchase it at any time in those five years. All the numbers are agreed to up front, so there are no surprises later. The math is all on their website at http://www.homepartners.com/how-it-works/the-math.
Please review the Home Partners website for all the details. You are welcome to call us with any questions at 407-765-2912. If the program is a match for your family, one of our awesome buyer specialists would be glad to help you find the right home, then help you navigate the details all the way through move-in.
Home sellers can benefit from this program as well. If you are considering listing your home for sale, Home Partners could be a potential buyer. Please call me for more details of how we can add this option to our marketing package for you.
Thomas Scott, REALTOR®, GRI®
The Jean Scott Team at
Keller Williams Advantage Realty