Washington Home Solutions

SOLD

This home is absolutely turn-key. Large kitchen with granite slab counter top and tile floor, cozy dining area, comfy living room with fireplace and a fully finished basement. The house sits on a large, corner lot.

11051 Ainsworth Ave. S.
Tacoma, WA 98444

4 bed, 1.75 bath
2246 Sq. Ft.
Built 1935

$5000 down and $1397/mo moves you in. If you have more money to put down, you can lower your monthly payment. Buy it in 12 months for $219,000.

If you are interested in this home, contact us at 360-874-1560

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