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Beaverton Oregon Real Estate: Lease Options and Owner Financing it isn’t something you should do alone

In the Beaverton, Oregon Real Estate market at any one time, you can find anywhere from 1 to 3% of homes for sale are offering Lease Option or Owner Financing. There are some good deals out there, but you need to know what to ask.

If you call someone and they can tell you exactly what the down payment is and the amount you are going to pay per month on a lease option, then you may not want to look past the surface. There should never be an exact answer to this question, because it should be based on what you want to pay per month or how long the lease is for. Also a person who really wants to make sure you get the house at the end of the lease will get you in contact with a good mortgage broker to make sure you can qualify for a mortgage in two years.

Often sellers of a so called lease option will require a large down payment and offer no help with qualifying for a loan at the end of the lease. Their goal is to collect a large down payment, more than market rent from you for two years, and hope you don't get the home so they can do it again to someone else.

Did you know 14% of lease option buyers ever actually purchase the home? The reason for this is because the seller doesn't want you to purchase the home and won't do anything to help you.

Now, with owner financing it is completely different, and your interest rate is not based on your credit, but rather how much you are putting down on the property. So if you ask someone how much the down payment is, more than likely they are going to give you the smallest number they will take and give you a higher interest rate. You need to be in control of the purchase and go in saying what you will pay versus what they will take. If you go in with this attitude you might find out what a seller will really take and get yourself a much better deal.

For more information on buying a home on a lease option or with owner financing please give me a call, I would love to sit down with you and talk and find you your dream home.


Respect Realty LLC (Expect More)


At Respect Realty, LLC our agents believe in 100% dedication to client satisfaction.  We specialize in property and land acquisition around the Portland Metro and Vancouver, WA area. We delight in working with first time home buyers and sellers to guide them from start to finish. Our doors are always open and we are always happy to assist you with your real estate questions.


Reach out today, we look forward to talking with you!


Todd Clark and Seraina Aguayo (Owners of Respect Realty)

Respect Realty LLC (Expect More)



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Comment balloon 2 commentsRespect Realty LLC • May 19 2008 05:45PM



You certainly need the help of professionals when entering a lease purchase agreement...they are rarer and more challenging than a standard agreement of sale or even option to purchase!!! Thanks,   Fran

Posted by Fran Gaspari, "The Title Man" - Title Insurance - PA & NJ (Patriot Land Transfer, Inc.) about 11 years ago

Hey Todd,

I buy Owner Financed Notes and can do it at closing, even on purchases so seller gets cashed out at escrow :) As low as 500 fico and 2% Down. I discount the note 10-15% depending on risk, so they do have to have a little equity to make it work. And this isn't a split appreciation thing or a big option fee or anything like that. So would adding this to your listings help them move?: "Owner Will Finance--No Bank Qualifying--Low Down Payment--Fixed Rate" Let me know if I can help---Nick

Posted by Nick Krehnke 425-202-5655, "Your Trusted Friend in the Home Loan Biz" :) (All Square Mortgage INC.) almost 11 years ago

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