Select Lease Purchase Assists Home Sellers and Buyers in a Tough Lending Environment
(firmenpresse) - VIRGINIA BEACH, VA -- (Marketwire) -- 12/10/12 -- The buyers' residential home market in Virginia is a financial reality many must face. Sellers are still struggling to sell their homes, with many staying on the market for one year or more. "This is not only a ' market, but a credit strangled market," said in Virginia Beach, Virginia. "Home sellers today need to be creative to sell their homes, especially if they bought at the top of the market in 2005 - 2008," added Paradee.
While buyers with solid incomes are unable to purchase a home with a conventional mortgage, they may be able to occupy the home they desire through a structured that is reviewed by lawyers and in many cases, even approved by lenders.
A recent quote from Federal Reserve Chairman Ben Bernanke confirms buyers' concerns about mortgage lending. "Overly tight lending standards may now be preventing credit worthy borrowers from buying homes, thereby slowing the revival in housing and impeding the economic recovery," observed Bernanke.
Select Lease Purchase Homes LLC is a company that matches sellers who must leave their homes with qualified tenant buyers who need to . Buyers can find appropriate homes and "sellers should be able to maximize their equity and most times eliminate negative cash flow versus just renting with this type of plan," said with experience in lease purchase deals for homes in the $300,000 to $800,000 range.
Many sellers do not want to pursue short sale or loan modification because of negative credit implications and it is essential to avoid foreclosure. Select Lease Purchase Homes LLC professionals offer a viable option in this buyers' market.
Although a lease purchase may be the best alternative to the options most real estate professionals present, many sellers are not even offered this choice by agents and Realtors®. Others do not understand rent-to-own or transactions well enough to embrace the concept fully. Unlike other rent-to-own companies, Select Lease Purchase Homes LLC implements legal safeguards for both buyers and sellers.
Find out more by visiting: for a complete description of their unique solutions for home sellers.
R.J. Paradee
Partner, Select Lease Purchase Homes, LLC
757-288-6987
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Datum: 10.12.2012 - 13:54 Uhr
Sprache: Deutsch
News-ID 1178842
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