The biggest difference between classic Lease-Purchase and Seller Financing (or Owner Financing) is the transfer of ownership from seller to us at the start of the deal.
In an ordinary lease-purchase deal the title stays in the sellers name until the lease-purchase deal is complete and the lease-purchaser is ready to close the Purchase & Sale transaction.
Both deals are, for all practical purposes, sales with total transfer of property rights. In a lease-purchase this happens at the end of the preagreed term, while in a seller financing deal the title transfer happens at the start of the term.
For Sellers, a Seller Financing sale typically means a higher price than in a lease-purchase, often higher than asking price if the property has been already on the market and in any case more than the fair market value would be if it did hit the market.
The explainer video below describes the basics of the comparison between the two types of deal without going into detail at all.
Keep in mind that every deal is unique and it depends on the specifics of the property and the situation of the Seller.
In either case we take over all responsibilities and headaches, and either close a sale immediately (Seller Financing), or at the end of the term (Lease-Purchase).
We buy properties in many other ways, so if neither option works for you, we usually can offer other ways of buying your property. Just call to figure out together if one of our purchasing programs fits your requirements.
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