How does the "Triad Lease Purchase" work
“Simply – we allow future homebuyers to select and live in the home of their dreams now, lock in the purchase price and monthly payment and, if needed, use a three year lease period to re-establish their credit before buying the home”.
Lease purchase or rent-to-own is a way to begin living in your new home while saving for a down payment or to qualify for credit.
Step 1: Choose a Home
“Triad Lease Purchase” buys homes in the Triad area, repairs and updates them then makes them available to you in ready to move in condition. Your first step is to select one of our available properties and confirm you have the required deposit.
See frequently asked questions on Step 1.
Step 2: Completing the Application
You can obtain a application by:
1. emailing, application@TriadLP.com
2. calling 287 0137
3. completing the Information submission page
Once and application is received and the $20 application fee is paid your application for the home will be considered. Areas considered on the application.
1. You have stable income.
2. You have a balance between income and debt.
3. Your past credit indicates you will make your payments on time.
See frequently asked questions on Step 2.
Step 3: Sign Lease and Move in
After signing the lease, paying the first months rent, security deposit and option fee you will receive the key to your new home. Remember during the lease period you do not own the home; you are encouraged to treat the home as if it were your own. For example, you will be responsible for normal maintenance and upkeep of the house and yard. Also with each on time payment you will give you more money towards your down payment. With the approval of “Triad Lease Purchase” you can make improvements yourself to the home, remember the final sale price is fixed so any improvements will build your equity in the property.
See frequently asked questions on Step 3.
Step 4: Purchase the Home
During the three years of the lease you will have worked diligently with your loan officer to qualify for a loan. If you have made all your payments on time you will have thousands to help with the down payment and closing costs. In fact you can purchase the home before three years if you are ready. At this point you will begin to make mortgage payments to the bank and you will have all the rights and responsibilities of homeownership.
See frequently asked questions on Step 4.
Request Application
Buying a home is one of the smartest investments you can make.
FOR SALE
Winston REAL ESTATE GROUP
Your Housing Solution Buying, Selling, Education or Investing
Office: (336) Cell: (336) 287 0137 Email: info@triadlp.com
Congratulations,
You have taken the first step towards home ownership by visiting this web page.
But, how can Triad Lease Purchase help you to purchase a home:
We buy nice houses in great neighborhoods which we make available for rent to own, however we also provide owner financing on many of the properties.
Your Customized "Rent to Own" Home
Return to www.TriadR2O.com property listings >>>
Welcome to Traid Lease Purchase customized "Rent to Own" program:
Every time we purchase a new home for our program we first offer it to families that have told us what they are looking for. The family is given the opportunity to visit the home with no obligation. If they decide that it meets their needs we will allow them to select the paint, carpet, fixtures and landscaping they desire if these changes are required. The upgrades usually take about a month, which gives time to give notice and be ready to move in once the renovations are complete.
If you would like your own customized home, then take the time to complete the questionaire below. I will contact you to confirm I have received it and then call once we purchase a home that meets your criteria.
Please note that only house purchased by Triad Lease Purchase are available for the customize program. Their is also no guarantee that even if you submit your information that a house will become available. An application must be completed before a final discision is made.
I look forward to working with you.
Angus Reid
Triad Lease Purchase
336.287.0137
Benefits of a Lease Purchase
Some of the benefits of a Lease Purchase
Buying a home is one of the smartest investments you can make. But perhaps credit problems, divorce or life in general has prevented you from the joy and security of home ownership.
Our rent-to-own program is simple, and is designed to help you move from House-Renter to Home-Owner in a matter of months. You’ll earn “rent credit” every month for making your rental payment on time which accumulates quickly to go toward your equity for home purchase. Then when you’re ready to purchase your home, you’ll have access to thousands of dollars to use for closing costs.
Plus - we also set the sale price of your home at today’s fair market value for the next three years! This gives you a fixed purchase price to work toward. Most homes appreciate at least 3% each year which means the value of your purchased home can be many thousands of dollars over your set purchase price.
Call 287-0137 Today
Fast Equity Growth
Your equity grows faster than if you had a traditional mortgage. For example a $120,000 house will result in $3600 in equity during the three year lease purchase.
Minimum cash required to move in
When purchasing a house you need 5% down payment and several thousand dollars for closing costs. With the lease purchase you need just $1000 plus the first months rent.
Usually no down payment needed at closing
When you purchase the house you will have accumulated thousands in rent credits that can be used to cover the down payment.
Fixed Price
Before you sign the lease you will know what the price will be when you are ready to exercise the option to purchase the house
Any appreciation is yours
Since the price is fixed anything that you do to increase the value of the property will result in increased equity for you.
Credit Problems OK
Simple application process not restricted by current credit report. You will have time to repair credit before applying for traditional finacing.