Silver Option Program
Lease Option Advantages
- Starting on path to home ownership.
- Start to learn what you need to do in being an owner.
- No credit checks.
- Low Down Payments (usually between 1% - 2%.
- Quick move-in time.
- Every month you are building up your down payment for eventual purchase.
- All of your Initial Option Payment is applied toward final purchase.
Every week, about 5 new properties are added. Each Friday you will get an email of new & reduced properties in your area. You can opt out at any time and we don't sell your information to anyone.
Start on Path to Home
Ownership
We have more homes for Lease To Own in the Las Vegas Valley. Most are ready for immediate occupancy and most are okay with pets.
How It Works
A Lease Option is a contractual agreement between a buyer/tenant and a owner/landlord whereby the tenant rents a home and has the option to purchase the home at an agreed upon price (or at an appraised value) within a specified time frame -- usually 1 to 2 years. This contract allows only the buyer/tenant to purchase the home.
There are three financial parts to a Lease Option.
1.) Option Payment - This is the amount required to first move into the home. This is fully applied toward the purchase of the home when you actually buy (aka "Exercise the Option").
2.) Monthly Rental - The full amount you pay every month toward rent (includes rental credit).
3.) Rental Credit - The amount from each monthly payment that is also applied toward the purchase of the home.
The process is simple to set up. The only requirement to the Buyer/Tenant is the ability to make the initial Option Payment and pay the first month's rent (pro-rated, if not moving in on the first day).
There are many advantages to both the Buyer/Tenant and also to the Owner/Landlord.
Current List of Lease Option Homes
Buyer Requirements
There are not many qualifications for this type of program. The main requirements are as follows:
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Able to pay Option Payment
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Able to pay First month's rental (pro-rated, if not moving in on the first) payment.
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Have the intent to actually buy the home within option period.
If you have never owned a home before then you must realize the payments are HIGHER than a regular rental payment. Do not ask us to lower the price to a rental payment as this is not how you will ever qualify to buy the home in the future.
