Share this page: Pay it forward so others can benefit...
Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.

Should I Purchase My Atlanta Area Home As A Lease Purchase?

1-2-3 Credit & Me: Learn how you can Stabilize, Improve & Maintain your credit throughout your lifetime (Part of the Real Estate & Finance 360 Degrees Series of Books Book 6) by THOMAS (TJ) UNDERWOOD  | Sold by: Services LLC | Oct 19, 2020, updated Summer 2023

What's inside 1-2-3...




Learn what others are saying about our latest blog (Created in 2014) by Clicking Here…

Learn about 15 questions that you need answered "prior to" purchasing your new home...

Learn about "What is Inside" The Wealth Increaser...Our New Book...

Purchase HOME BUYER 411 The Smart Guide to Buying Your Home...©2014, 2023

Purchase HOME SELLER 411 The Smart Guide to Selling Your Home ©2014, 2023
Learn what is inside "The 3 Step Structured Approach to Managing Your Credit & Finances"©2014, 2023

Wealth Building Now—new book sample chapter...

Who is Thomas (TJ) Underwood

Learn How 10 Steps Can Transform Your Financial Future Click Here... 

If you are considering purchasing a home or refinancingyou can go to or along with local mortgage lenders in your areato determine what loan will best suit youand your family.  You can compare closing costs, APR's and Par rates to determine what loan will best serve yourand your family's long-term interests.

Shop on eBay----Shop on My New Book

Learn how to apply the— “Keys to Success”—in your life

Lease Purchases

Many Lease-Purchase homes are often advertised by sellers in local newspapers, on for sale signs, the internet and other media and potential home buyers often seek them out in their strong desire to own their own home.

Let’s look at the potential lease-purchase from a buyer’s and seller’s perspective.

As a purchaser if you did not initiate the lease-purchase offer or someone who represents (i.e. agent, attorney etc,) you did not initiate it, the offer will more than likely not be in your best interest. This is usually what occurs when a potential home buyer sees a lease-purchase ad in the various media and respond to it.

They usually have no idea of the home buying or financial planning process and want to own a home at all costs.

They will be easy prey for a savvy home seller and/or their representative because they are not fully aware of the lease purchase process and they are not in proper position to negotiate the terms and price.

Sellers and/or their representatives normally will structure the sales contract in a manner that will maximize the terms and sales price to their benefit and minimize the terms and sales price to your (purchaser’s) benefit.

Those are some of the reasons I dislike lease-purchases from the buyer’s perspective. In addition at the end of the lease purchase you will be locked in to that specific property at the specific price that you agreed to, regardless of market conditions. If prices of homes have risen or fallen you are locked in.

The purpose of a lease purchase is normally to buy the purchaser time so that they can get their credit to a level where they can qualify for a loan at a good rate.

Once you qualify at a good rate you have the potential to purchase ANY property, so why limit yourself to one particular house.

Most lease purchases offered through Multiple Listing Services where you have to deal with real estate agents are usually for one year and usually not more than two, as real estate agents are concerned about their commission and will normally not accept an offer beyond that period.

Other seller’s who offer lease purchases without the assistance of an agent may offer a longer lease-term than three years but they will more than compensate for the longer term by structuring the terms and sales price in their favor.

If you must purchase a lease-purchase it is imperative that you draft the terms and sales price yourself or with the assistance of a competent real estate agent or other professional. A better option if you feel you really want the property and don’t want to lose out may be a lease option purchase where you are not locked in to that purchase and you can opt in or opt out. 

Again structuring the terms and purchase price is key so make sure you utilize competent professionals.

An even better option (and one that I like) for you may be to continue renting and get your credit score and reports to a level where you qualify for an FHA or Conventional loan at prevailing market rates (competitive interest rate) and then purchase the home of your choice with no lease purchase premium included or a lease option fee included.

Again, generally you want to make sure that you are pre-approved as opposed to pre-qualified, you have a six month emergency fund or other compensating factors at work and you are properly positioned to purchase.

By being ready, willing, and able to purchase you and your agent should be able to negotiate a better deal in most cases than if you were to go the lease-purchase or lease option route.

About This Article:


The above article was written by Thomas (TJ) Underwood.   Thomas (TJ) Underwood is an active real estate broker in the state of Georgia and is the writer behind The Wealth Increaser, Home Buyer 411,  Home Seller 411, The 3 Step Structured Approach to Managing Your Finances, Managing & Improving Your Credit & Finances for this MILLENNIUM and CREDIT & FINANCE IMPROVEMENT MADE EASY—FREE GUIDE. 

He is the creator of where he regularly blogs about helping consumers improve their credit, finance and real estate pursuits in an intelligent, consistent and proactive manner.  He’s always looking for ways to make intelligent finance improvement happen for those who “sincerely desire” success in their future. 

You can contact him from a number of sources but the most direct way is to contact him through the contact us block that can be found at the bottom of this page. 

You can also get other highly relevant tips on "living your life more abundantly" and possibly earn revenue at the same time by linking to

Return to Top

Shop on eBay----Shop on My New Book

Learn how to apply the— “Keys to Success”—in your life

Return From Atlanta Area Lease Purchases to Atlanta Market Data Page 

Return From Atlanta Area Lease Purchases to The Best Atlanta Real Estate Advice Home Page

Thomas (TJ) Underwood has been providing financial advice as a tax practitioner since the mid 1980’s and began his financial planning career (while earning a Bachelor of Science Degree in Business Administration/Finance/Marketing), in Detroit at Wayne State University.  From 2010 up to the present he continues to provide visitors timely personal finance and wealth building advice and articles—including real estate advice—on 3 sites that he has created since 2010. 

Even though he is an active real estate Broker in the Atlanta Metropolitan area, he continues to blog consistently to help visitors and those who desire lasting financial and life changing success the opportunity to change their life for the better in a more efficient way. 

You can learn more about him and gain access to all three sites that he has created by going to Who is the creator of page.

Contact Us

Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.


Copyright® 2002-2024