Washington Home Solutions

SOLD

Looking for a Port Orchard lease option? Here’s your chance to move into this beautiful 3 bed, 2 bath 1750 sq. ft. home on over 1/2 acre. Don’t let less than perfect credit or the lack of a large down payment keep you from living in a home of your own.

With a reasonable down payment and monthly payments of just $1497, this home is yours. Purchase price on a 12-24 month lease option is just $283,000.

7795 Cabrini Dr. SE
Port Orchard, WA 98367

Of all the questions I get about our lease to own program, the Never Lose Guarantee is the one that I get the most.  So, what is it?

Essentially, the Never Lose Guarantee takes away all questions about whether or not you should wait until the market ‘comes back’ before moving into the home of your dreams.  What it does is give you 100% of all appreciation in the market, yet not take a loss if the market declines during the time you lease the property.  Let’s take a look at an example:

Let’s say that you move into one of our lease to own properties and lock in your price at $250,000.  Make your payments on time, and at the end of your lease period, if the house goes up in value and is now worth $265,000, you get to keep all of the extra equity.  On the other hand, if the market goes down during that time and the house is only worth $235,000, you don’t have to take that loss.  We will do one of two things:

We will sell you the house at the lower value, or we will extend your lease for free, and you’ll get to keep the same low monthly payment.  Either way, you won’t lose any of the money that you put into the property, and you won’t have to pay more than appraised value at any time.  It’s he perfect market beater.

Now you have no excuse to get into a lease option.  Make sure you contact us right away to be put on our early notification list for new homes.

Ok, I haven’t actually fallen off my rocker, but I have decided to offer something that can be a HUGE incentive to you if you get into one of our lease to own properties. With all the other bills that we all have to pay, wouldn’t it be nice if you could skip a house payment?

That’s exactly what you can do when you move into one of our lease to own properties. We’re so confident that you’ll love our lease to own program, we know that you’ll have friends, family and co-workers that you’ll want to refer.

If someone you refer moves into one of our properties, you can get the next months rent for FREE!

Think about how nice it will feel to be able to skip a payment. You can use that money for whatever you want. Put it into savings, pay off debt, take that long awaited vacation, or just spend it on whatever you want, it’s your choice!

The best part is that you can get free rent as many times as you want. We can even give you tools to help you find other tenant-buyers for us.

Like I said, I haven’t fallen off my rocker because we benefit as well. It’s a win-win solution and another reason that Washington Home Solutions has the best lease to own program in the area.

So they say that lease options are a good ‘option’ (no pun intended) for someone who has bad credit or not enough of a down payment to qualify for a traditional loan.  That doesn’t necessarily mean that anyone can, or even should get into a lease to own.  Here’s how to determine if a lease option is right for you.

Are you working to improve your credit? – Just because you have some dings on your credit doesn’t mean that you can’t own a house.  The benefit of a lease option is that you get to move into the home you will ultimately buy while you’re working on improving your credit.  The key part of that last phrase is “working on” improving your credit.  If you’ve had a ton of late payments in the past and continue to pay late while your in the lease option home, you won’t be able to get qualified.  You must change the habits and circumstances that have caused your credit to decline so you can start improving your credit score.  There are a lot of good resources to help you on this journey.  So, if you’re working on improving your credit, and you just need a couple years to build your credit score, a lease option is an excellent choice.

Can you build a down payment? Unless you’re eligible for a VA loan, or qualify for some other form of down payment assistance, you will need at least a 3.5% down payment saved up in order to qualify for an FHA loan.  The good thing about a lease option is that you can build this down payment while you live in the property.  Most of the time, you’ll need to put a lump sum down in order for you to move in, and you’ll usually have a portion of your monthly payment which will apply towards the down payment.  The key is that you want to make sure that your upfront payment plus all the other monthly deposits will add up to at least 3.5% of the purchase price by the time your option is over.  Many people make the mistake of getting into a lease option without having a plan to build the necessary down payment, and they end up getting stuck at the end if they haven’t planned properly and don’t have the extra money needed.  If you can plan on building enough of a down payment to qualify for a loan at the end of your lease, then a lease option is a great choice for you.

Will you be able to afford the mortgage payments when it comes time to purchase? One thing that many would-be lease option buyers fail to consider is what the house will cost them when they have to qualify for a new loan.  It’s ok if you need time to increase your income (or pay off debts) in order to afford a higher payment, but you want to be able to plan it out from the start.  There are many mortgage calculators available online which can give you an idea of what it would cost each month to own the property you are considering.  Just remember, as a general rule, you’ll need to earn about 3x what your mortgage payments are each month (gross income) in order to qualify.  Plan ahead so you know what your income/expenses needs to be in order to make the lease option work out.

If you’re prepared to work on your credit, down payment, and income/expenses during the time of your lease, a lease option is the best way to ease into home ownership.  There are many lease to own properties that are listed on this website, as well as resources to help you in your journey.  If you have any questions/comments about lease to own, please comment on this blog.

SOLD

Anyone looking for a completely remodeled rambler on a large lot in Gig Harbor? This is your house. It’s on a quiet cul-de-sac yet only a two minute drive to Highway 16.

Interested?? Great!

I’ve made a video (below) that gives you a complete walkthrough.

We have the best lease to own program in the Puget Sound, and this home is protected by our NEVER LOSE GUARANTEE which gives you 100% of any future appreciation but protects you from loss if the market drops before you buy.

6101 44th Ave NW
Gig Harbor, WA 98335

3 Bed + Bonus Room
2 Full Baths

The house is on 0.60 acres and has about 1600 sq. ft. of living space.

We’re asking for $5000 down and a monthly payment of $1597. If you have more to put down, you can lower your monthly payment. All down payment monies and a portion of each monthly payment goes towards the option to buy.

We can also finance your down payment if you’re a little short. Buy it in 12 months for $259,000.

If you like the video tour or have someone to refer, contact mike@wahomesolutions.com to reserve this opportunity.

One of the best ways to buy a property nowadays is through a lease option. A lease option (also known as rent-to-own or lease purchase) is where you sign an agreement that allows you to lease a home for a period of time (usually 1-2 years, sometimes longer) and have the right (but not the obligation) to buy the house at sometime in the future.

There are many benefits of moving into a lease option. They include:

– Allows you to live in the home while you build up your down payment, repair credit and/or accrue more time in your job so you’ll be able to qualify for a good loan when you decide to buy.

– Gives you the ability to try out a house (or neighborhood) to see if it will be good for you and your family.

– Creates an opportunity for you to take advantage of equity buildup and appreciation even though you don’t own the house.

– Allows you to make improvements to the house, and the benefits go to you when you buy.

– Allows you to move if you choose to without having to sell the house (and possibly take a large loss in a down market)

– Usually keeps your payments lower than if you were to get a mortgage right now

All in all, a lease option is a great way for anyone to get the benefits of home ownership without a lot of the challenges that exist when trying to qualify for a loan.

If you have any specific questions about lease options, be sure to leave them here.

Everyone knows that the real estate market has taken a beating over the last few years. This has created a tremendous opportunity for you to purchase a home at prices not seen since 2002. The problem is that most people cannot qualify for mortgages any more. Remember back just a few years ago when anyone with a heartbeat could get a loan, even if they had no job and bad credit? We’ve obviously seen the effects of that, with hundreds of thousands of foreclosures after the real estate bubble popped.

The result?

Now, in order to qualify for a loan, you need good credit, a large down payment, and a stable job that you can prove will allow you to make the mortgage payments. If you have less than perfect credit or haven’t been in your job for very long, forget about it….

So how does the average person who has some credit card dings or has only been in their job for six months?

The answer is a lease-option! There is no better way, in my opinion, to move from renting to owning than through a lease option. You can move in without a huge down payment, and best of all, you can give yourself time to fix the credit dings during the lease period, knowing that the money that you pay each month is not just burning a hole in your landlords pocket.

Feel free to post any questions that you might have about the process. I’m going to do my best to answer them as well as provide additional tips that can allow you to into your dream home sooner than you think.

-Mike

Are you looking to move into your dream home without bank qualifying, without a huge down payment and get the benefits of home ownership without having to worry about a shaky real estate market? You’ve come to the right place. At this site, you’ll learn about Washington Home Solutions fantastic lease to own program. To view available homes, go to www.wahomesolutions.com/property

We truly appreciate all that the program has to offer

Our experience with the lease to own option has been great. Seeing how my wife and I both had some credit issues from past relationships, this program was the best fit for our circumstances. Utilizing this program has given my wife and I the option to finally stop wasting our money on renting, and to invest in our own home and in our future. The lease to own program was extremely easy to get involved in, just a few papers, and we were off and rolling, as far as if its going well, its great like I stated before. We would definitely recommend this option to people out there that have ever had any difficulties purchasing your own home, for whatever the reason. This program allowed us to get into a house that we wanted. not just “what we could get” and with little money down. If given the chance to do it all over again, we would in a heartbeat!! We truly appreciate all that the program has offered!

Mark and Lisa C.
Gig Harbor, WA

Beyond Satisfied!

In August of 2007 the military transferred my husband and I from CT to WA state. We arrived in WA and rented a home much too small for our family for awhile. While looking through craigslist real estate ads in April of 2008 we came across a beautiful home we loved we called an spoke with Mike Sumsky of Washington Home Solutions and we thought it was too good to be true. With only 10,000 down we were able to lease to own a beautiful 3 bedroom 3 bath Illahee area home. Mike was able to work with us on the down payment allowing us to give him half up front and half when we moved in our current payment is less than the rent of our very small townhome. In addition we called him in April and were moved in within two weeks the process was smooth, honest and quick.

Working with Mike and the staff of Washington Home Solutions has always been a pleasure they feel more like extended family who know truly what empathy is. I would recommend anyone to see what Washington Home Solutions can do for you. They have made it possible in economic crisis for us own a home we otherwise never would have had access too.

Beyond Satisfied!
Joseph and Tiffany B.

Making all of Our Dreams Come True

We were frustrated and worn out with rental denials, than Mike and Janet came along. You were like our knights in shining armor. We found a house, a couple pieces of paper later and we were in. No stress, no unbearable commitments, and we were relaxed through the whole experience. Mike and Janet are some of the sweetest people and most down to earth.

Thank you for finding us a home and making all of our dreams come true.

Sincerely,

Sarina & Jacob B.
Gig Harbor, WA

Found the Whole Experience Painless

Thank you for letting me tell my story. My wife and I found the whole experience painless, and the other realtors that I had talked to said that they couldn’t beat the deal that we were getting. The whole thing was a win-win situation for the buyer.

The awesome thing is that you handled everything, considering we were coming all the way from Texas and the house was ready when we got here.

Brian and Shannon S.
Tacoma, WA

SOLD

The house is just under 2400 sq. ft. and sits on a double lot totalling 1 acre. It also has a bonus one bed, one bath mother in law unit that you can use for guests, a home office or your actual in-laws.

We’re asking for $5000 down and a monthly payment of $1597. If you have more to put down, you can lower your monthly payment. All down payment monies and a portion of each monthly payment goes towards the option to buy.

We can also finance your down payment if you’re a little short. Buy it in 12 months for only $279,000 which is below tax assessed value.

12873 NW Holly Rd.
Bremerton, WA 98312