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Smart HomeLeaseTM
Lease Financing for Manufactured Homes
Today’s careful shoppers are discovering that not only is the NEW! Smart
HomeLeaseTM an affordable way to have a comfortable home, Smart HomeLeaseTM is an easy way to accumulate money for a down payment needed to purchase the home.
Offering attractive homes that are full of upgrades in structural quality and ammenities, we want you to be satisfied with your Smart HomeLeaseTM home from beginning to end. We will treat you right, because we value you and your family, and want you to reside with us for many years.
DON'T THROW MONEY AWAY ON RENT!
I don't care how nice the apartment, rent is money thrown away. Smart HomeLeaseTM is a financing option in which you pay a monthly lease payment, a portion of which accumulates in your HomeBuyer's Account. While another portion of your lease payment reduces the future selling price of the home to the Residual Value, by lease end, you will have a significant down payment in your HomeBuyer's Account, placing you in a favorable position to purchase the home at the predetermined selling price. Your worry-free payment includes your home lease payment, homebuyer's account contribution, taxes, and insurance, guaranteeing you that these costs will be paid. We call this an “Everything’s Included” monthly payment. We manage the payment of as many as 4 different bills for you so you never have to worry about them!
Your payment does not include the Riatta Village lot payment so you can split the two payments between 2 different pay checks, making payments at two different times during the month.
During the Smart HomeLease term, you have possession of the home, but you don’t have title to it. You live in it just like you own it for the lease term (typically 2-4 years). At lease end, you can:
(1) return possession and owe nothing; or
(2) use the money in your HomeBuyer's Account to qualify for a loan and purchase the home for its residual value, or
(3) prepare the home for sale, live in it until sold or leased, take your equity check and move into your next home.
Smart HomeLease is a Prepurchase Program, designed to put you in a favorable position to purchase a home. During the lease term, you are not only accumulating money in the HomeBuyer's Account for down payment, but you are paying down the amount owed on the home, making it easier to buy or sell.
How does the lease work? The portion of your payment that reduces the selling price is called 'depreciation.' Thus, if/when you purchase the home, your new loan amount will be lower than the initial amount. The lower price you pay at lease end to purchase the home is it's 'Residual Value.'
Your 'Purchase Price' for the home at lease end will be the Residual Value plus the down payment in the HomeBuyer's Account. Upon sale, this accumulated money is deducted from the Selling Price, as a down payment, and you get a loan on the remaining amount which was the Residual Value from the lease.
Value. . .Value. . . Lots of Value!
With a Smart HomeLeaseTM, you pay a payment similar to apartment rent or other rentals, with the added bonus of reducing the price you will pay to purchase the home. During the lease, our Prepurchase Program helps you maintain and improve your home and credit, while your HomeBuyer's Account is helping you save up the down payment necessary to qualify for the purchase.
To assist you in maintaining the value of your home, Smart HomeLease includes a Customer Protection Plan. During the lease term, we will repair or replace problems with the structure and systems of the home, should you experience any. We will help you make sure that the home performs to your satisfaction. The cost of this plan is included in your lease payment.
"If I don't purchase the home at lease end, what happens?"
Unlike renting and other lease programs, if you don't purchase the home at lease end, you can still walk away with no resale hassels, or stay through resale and possibly leave with some money in your pocket--if you have improved the market value of the home while living in it.
What is needed to get cash from the HomeBuyer's Account at lease end?
1. Preserve and develop the appearance of the home and yard, maintaining its condition while you live there.
2. Prepare the home for resale the entire time you live in it. What can you add to the home or yard to convince a future buyer that it is a great home and offers a great lifestyle? Make a plan and keep working at it, a little at a time, month by month.
3. Work with us to sell the home just prior to lease end for at least what you paid for it, eliminating high resale and vacancy costs that can rapidly erode the value of your HomeBuyer's Account.
Why will these homes hold their value? Click on the picture to find out. 
The REAL KEY is VALUE
Many people who have purchased manufactured homes have done little to maintain and improve the home's value. In fact, they often bought the cheapest home they could and lived in it with no thought toward its value at resale. By the time they wanted to sell, the home was in such bad condition that no one wanted it for what was still owed on the home. The homeowners lost all their equity and down payment by simply failing to buy right, then maintain and develop the home and homesite like most people know they must do with a site built home. This has created the perception that manufactured homes loose value rapidly.
Studies have shown that manufactured homes, given the same conditions as site built homes, maintain and improve value at the same rate as site bilt homes around them.
We have considered a number of factors that are necessary to maintain home value. You will find that Smart HomeLease homes are full of value. Click here to find out more about the VALUE-RICH homes we offer.
Some people have tended to view manufactured homes as disposable homes and have often treated them accordingly. In pricing our leases, we look at the factors that cause the largest cleanup costs and include an estimate of these costs in the Customer Protection Plan that is used to maintain the systems and structure of the home. This keeps you from being upside down in the home when it is time to move.
A key element to preserving the value of your HomeBuyer's Account is to preserve the home.
Protect carpets in traffic and high use areas with washable area rugs.
Require that the kids go outside when they start playing rough so they don't harm walls or window coverings.
Don't allow stickers, tape, or anything that would mar walls, windows, or ceilings.
Wipe down door knobs and light switches often to keep clean.
Rule 1: If it breaks, go across to WalMart and replace it.
Rule 2: If someone makes a mess, before it stains or soaks in, clean it up.
Deal with each problem right when it happens to eliminate or minimize damage.
Knowing that all homes loose some condition with normal living, provide yourself a 'value cushion' by improving the home, particularly the yard around your home. Demonstrate attractive ways a future buyer can enjoy living in your yard. Landscape the front of the home using our simple landscaping plan. This improves the whole community and the value of not only your home, but the value of all the homes in the community.
When it comes time to sell and get the cash from your HomeBuyer's Account, if you preserve and improve your home's value, the accumulated funds in your HomeBuyer's Account will be yours, opening doors of opportunity.
Smart HomeLease can help you lay the foundation
for a prosperous future.
Keep this Bonus In Mind:
Rent almost always goes up over time. A Smart HomeLease payment goes down once the HomeBuyer's Account is fully funded. You can add cash to your HomeBuyer's Account at any time, and, when the required down payment is accumulated, you can reduce your monthly payment --at any point in the lease. |
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