Lease to Purchase Guide is designed to serve as a database of rent to own homes available in the Memphis metropolitan area. There is a definite slow down in the housing market because buyers are not qualifying for home loans and sellers are stuck in their homes.

A lease to purchase agreement serves to remedy both situations. A potential buyer can move into the home with a down payment (generally 3-4% of the sales price) and pay the seller monthly during the terms of the contract. When the contract is up, the buyer has improved their credit, and the home has built up equity.

This, in turn, makes the formerly potential buyer a qualified buyer. The seller benefits as well by getting out of their house and having tenants with vested interest in their home. Lease to Purchase Guide will also supply the necessary contracts and help with any contacts (legal, real estate, mortgage) you may need.