We help homeowners relieve the stress in their lives without having to uproot life to do it.
Get Help With Financial Burdens. Convert Your House to Cash
Who can benefit from our Sale Leaseback program?
Building a new home but need time to move into the new house
Elderly people who can’t keep up with maintenance
Our Buying Information For This Program:
Single Family Homes Only:
Sorry no Condos, Townhomes, Multi Family or Commercial for this program. (We DO buy the other property types for our own investment, however, so we would still love to chat about those. They do not qualify for the Sale Leaseback Program Unfortunately)
Cities available For sale leaseback opportunity:
Indianapolis, IN
Tulsa, OK
Oklahoma City, OK
Dayton, OH
Cincinnati, OH
Akron, OH
Cleveland, OH
Kansas City, MO
St. Louis, MO
Pittsburgh, PA
Columbus, OH
Other markets coming soon.
House Criteria:
2 or more bedrooms
1 or more bathrooms
750 or more square feet
1930 built or newer
No commercial buildings, train tracks, powerlines, or condemned properties next to the property. No pools
This program is NOT a Reverse Mortgage that only nets you half of your equity and charges all kinds of fees. This is a Sale Leaseback program. We would love to answer any questions you have about it.
Frequently Asked Questions
We gathered the answers to some popular questions below.
If you can’t find your question below feel free to contact us, and we’ll be happy to help.
Can you help me if I am behind on my mortgage?
Yes, we are able to purchase the property if you are behind on payments. We cannot buy the house if it has already been taken back by the bank so time is of the essence when your mortgage is behind.
How long can I stay in my house?
We require as little as 6 months (great if you are waiting to move into a new home) to as long as you want to stay. We will require a 1 year lease up front, but if you want to move in 6 months, we ask for 30 day notice as with any landlord. We have no timelines other than the initial 6 months.
How do you determine what you will buy my house for?
We evaluate the market conditions in the neighborhood, the rental amount that the neighborhood warrants, and the condition of the house to determine the offer we can give you. We are very competitive with our pricing.
Do you require me to repair my house?
Absolutely Not. We will purchase the house as is, so no need to worry about repairs. We will evaluate the cost and if the home is in bad shape, however, we may elect not to move forward based on condition. We do not want to buy a house that needs to be completely renovated for this program.
Do I still have to pay for all the house bills?
The only bills you will be responsible for after we purchase the home is your utility bills and the monthly, agreed upon payment. We take care of taxes, insurance, and any maintenance items that come up going forward.
Can I work with my realtor to get the house sale completed?
Absolutely. We are happy to work with all industry professionals with the program. The commissions will be paid out of the sale price as with any other home sale. You would receive the remaining balance.
We Offer Solutions to Home Owners in Need.
Fill out the short form to get started today!
There is never any obligation to move forward, only options available, then YOU decide what is right for you.
Realtors and Investors are Welcome!
We are offering you the opportunity to tap into our fund to give your clients another option.
This program wouldn’t be as big as it is without the help of people like you bringing us your clients to work with. This program benefits so many people. Since the launch at the beginning of Q2 we have helped over 500 homeowners stay in their homes, and get the financial help they needed!
The types of homeowners that this program helps are:
-People building and can’t move into the new home for a few more months, but need the cash now out of their current house
-Elderly clients who want to stay in their homes but retirement has caused financial concerns.
-People who have unexpected expenses but can’t get qualified for a refinance
-Seniors whose children don’t want the burden of dealing with the real estate when they pass
-Divorce situations where one party wants to stay and they can’t get financed on their own to get the other party off the house
-People who are tired of dealing with home ownership but love their home
-People struggling to pay their mortgage but don’t want to up root their lives with foreclosure proceedings
-People who want to sell their tenant occupied property because they are not good landlords and don’t have the time to dedicate to it
-People who need to sell quickly
The options are endless here.
We will work with you and your seller, provide all the details to them and make the process really smooth all while making you look like the hero!
We require a 10 day inspection and will close in 30 days or less if the house is approved. You will get your commission as part of the transaction when the house closes. We also require that the seller use our closing company for the transaction. This is non-negotiable.
Sellers for the leaseback program have to be qualified for the program. If they come in below our standards we can work with them to get them approved. In some circumstances however, the seller will not be approved. Then the only option is cash purchase and the seller moves or we do not move forward with the transaction. In other cases, the property will not qualify. We will get you an answer on the property within 2 business days of submission. The seller qualification will take a little longer.
Please reach out to us with any questions you have on the program! We look forward to working with you!
Options:
Sale Leaseback
Give your clients the same opportunity we are giving ours by offering the Sale Leaseback Program too.
Tenant Occupied Sale
We buy tenant occupied properties with some discretion on the tenants. They will have to be approved to continue to lease the property
Vacant Homes in Great Condition
Vacant homes for this fund option need to be in good condition. No total fixers.
Pacific Escapes Real Estate, inc 