Coastal Artisan Properties - Assisting You with Real Estate Problems"

LEASE OPTION is the RENT TO OWN term for the real estate industry. Using our lease option program enables you to experience home ownership and have more value in the home than what you purchase it for.

The amount of money needed for the purchase option is approx 5% of the agreed upon purchase price. This is given back to you as credit toward the purchase price. The payments you make during the lease time period will be higher than normal rent for the same type of property but not as high as if you had to pay the full amount on a loan. The reasons for this are twofold:

Paying more gives you the sense of ownership and that should cause you to take good care of the property.
Paying more brings you closer to the amount you will have to pay the mortgage co when you exercise your option to buy and qualify for your own loan.

This makes it easier for you to qualify because you have created a payment history. The first step, before signing anything, is taking you to a trustworthy lender who will find out how long it will take you to qualify for your own loan. After that all that is left is finding a home in the location you like and price range affordable to you and get started.