Steps to Co-op Lease Purchase

My wife finds the best deals at the Coop Market

The Steps

1. Market with ads, signs, networking or by mail
2. Pre-Qualify Seller (See Seller Pre-Screen Script)
3. Send seller info to your partner’s email address. (Should be given to you
once you sign up.)
4. Your partner will then negotiate the deal and email you the information
(What was discussed with seller, what strategy will be used and the details
of the option agreement). Directions on how to proceed will follow.
5. JV Partner (You) will conduct a follow up within 48 hours if seller has not
faxed or signed option agreement. (After your partner has negotiated with
them and sent them the paperwork) 6. Once an option agreement is signed, partner (you) should begin the market-
ing for a buyer. Once a buyer is located, you will discuss terms (See buyer
section) and show the property. If the buyer likes the property, you will
email the name and phone number of buyer to your partner for review.
7. You or your partner should then contact the buyer and they will be pre-
qualified through your mortgage broker so you know if you have a good
qualified buyer.
8. Once the buyer is pre-qualified, you should be contacted by your partner
and get information on what to do next.
9. Your partner should then complete negotiations with the buyer so paperwork
for closing can be created.
10. Partner (You) will present buyer paperwork and get all signatures if needed.
11. Closing will be set up and performed by you. (If a bank is involved a clos-
ing company or agent should close the transaction.)