Memphis Home Resolutions, LLC


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Fast, Friendly & Personal Real Estate Assistance
 

We have homes available for sale, lease-purchase, lease or vacation rental.

Pictures and info are located on the tab pages for each home at the left.

Vacation Log Cabin Rental:

Our Vacation Log Cabin is for daily, weekend, weekly+ rental. This is a private home located about 2.5 hours from Memphis TN on the Little Red River in Arkansas. The home has of room for up to 8 people and is pet freindly. Please call or e-mail us if you wish to rent the cabin to see about availibility.

Leasing our homes:

Our homes are available for long term lease to qualified renters with a background check, proof of income, and references of solid rental history and excellent home care. Certian pets may be welcome in certian homes and with a non-refundable pet charge. We love pets, however please understand that pets are the single more destructive entity to occupy a home and we have had our homes destroyed  by chewing, digging, scratching and unclean pet activity. We can not permit canids of aggressive breeds into our homes due to insurance limits.

Lease a home with Option to Buy-

If you have qualification issues we recommend leasing a home with the option to buy, which typically is less strict in meeting application qualifications.   There are many advantages to a Lease-Option over just leasing or trying to buy in the current lending restrictions. This is a method of seller financing which allows the buyer to move in immediately and obtain a mortgage at a later date (especially if banks continue to make getting a mortgage nearly impossible). It allows you earn equity/credit in the home while you situate your finances to suit the new and stricter mortgage lending environment.

There are two parts to a LEASE OPTION:

1) The OPTION CONSIDERATION is 3-5% of the home's value and is required near the time you move into the home. You have the EXCLUSIVE right to purchase the home at ANY time during the agreement period, and the price of the home is fixed. The option sum is applied as the downpayment and closing costs on the home when you go to the mortgage company to create a loan and purchase the home outright (which may be 1-3 years in the future).

2) The LEASE describes the monthly 'rent' for the home. When you pay your monthly note, it is just like if you were paying a mortgage payment (principle, interest, taxes and insurance). Some of the monthly note goes toward principle in the house and you build credit or equity, just like a mortgage. 

We offer 1-3 year leases. This allows you the time needed to build your financial profile and obtain a great mortgage on the home while you live in it! Lease options are also very handy if you are new to town and can't wait for the mortgage process.

BENIFITS OF BUYING ON LEASE OPTION:

• Want to move in to your new home TODAY, instead of months or years from now?

• Want to build up equity in the home of your choice while you improve your credit rating?

• Need more time to build up your base income?

• Looking for a beautiful home in an area that will surely have price appreciation?

• Wouldn’t you like to fix the price of your future home, and avoid the uncertainty of today's real estate market?

• Wouldn’t you like to get a better mortgage in 12-36 months than the one that you qualify for now?


These are a few of the BENEFITS FOR HOME BUYERS who want their home NOW, but know that their financial profile will be much better in the near future. Memphis Home Resolutions lets you make payments on a beautiful home and then when you have improved your equity, credit or financial profile, you can qualify for the type of mortgage that you want. This makes it much simpler to 1) purchase, 2) move into, & 3) start building equity in a new home, for nearly 40% of the people who have trouble qualifying for Class A mortgages, or for those who don't have the time to wait!

WHY LEASE OPTION A HOME?

• Are you moving into town and looking for a great place that is available immediately?

• Are the closing costs of traditional mortgages too much in addition to the downpayment?

• Do you have less than perfect credit?

• Can't wait for traditional mortgage closings, often taking several months?

• Are you tired of jumping through hoops for big coorporate banks to get a mortgage?

• Are you tired of paying outrageous application fees ($100-300) just to qualify (or not!) for a mortgage?

Using our lease/purchase program you can move into your dream home today and buy it tomorrow. All of our homes for sale are set up as Lease Options(rent-to-own) making it easier and faster for you to move into your new home. Homes we currently have available for sale are listed at the bottom of this web page and on the location pages. Please check back frequently because our list changes as we acquire new homes for sale. There are many benifits to purchasing your new home on a lease option, in fact, it is so quick and easy that many people are doing it even if they could get a traditional mortgage!