LEASE BACK FREQUENTLY ASKED QUESTIONS

 

Call Frank Gargano 

Toll FREE 1-800-800-3571

FAQ'S

 Ask Me About Our Model Home "Lease Backs"

Locks in prices now while the

builder makes your payments for you!

Great for delayed moves.
FAQ’s

     Q-Why should I consider this?

A-If you are moving to Las Vegas sometime in the future because of retirement, job transfer or situation, or would just like an investment here, this is an ideal way of accomplishing that as you will lock in a price and value, and have someone (the builder) make your payments for you in the meantime!

     Q-In a nutshell, how does it work?
A
-Sample purchase price....$150,000
Builder will lease back and pay you...$ 1,500.00 per month
Your actual payment on a typical loan.. .$880-980 per month (depending on your interest rate).

     Q-How long will the builder lease back the home for?

A-Typically until they are sold out of their production homes.. .this may vary from 12 -18 months or so.

     Q- In what condition will they turn it over to me when it is time?

A- They will turn it over to you as they do all of their new homes. You will get a "walk through". They will make sure the home is functional. The will make sure it is in pristine condition... .like new, and they will do whatever it needs to accomplish that. You will not even know that anyone has ever been inside!

 

     Q-Are these models really "decked out"?

A- Make no mistake about it, these home are actual MODELS.. .usually with the best lots & views, upgraded plush carpet, ceramic-tile-wood-limestone or other premium flooring, wet bars, pools, lush landscaping, alarms, intercoms, decorator items, and sometimes all the fine furnishings.

     Q- What am I able to do with my home after the builder is done leasing it from me?

A- You can then move into it, rent it again, or even sell it.

     Q- What price ranges of homes are available with model lease backs?

A-Just about every price range from the $80’s to over $400,000.. .condo’s to single family residences.

     Q- Do I have to have special financing for this type of purchase?

A- I can help you with that, or one of my mortgage professionals can help too. There are several ways to structure financing on model home purchases, depending on your circumstances. It is usually very easy to get financing for your new model home.

     Q- What if I have any further questions on Model Home Lease Backs?
A- Contact Frank at frank@newhomesLV.com

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