Home Sweet Home, LLC
A Tennessee Limited Liability Company
Tim Hendricks , Manager
615-202-8504
Our investor group will typically have several homes available in the middle Tennessee or Northern Alabama area. A prospective buyer calls our office for a list of homes available and schedules an appointment to see them. When the buyer is ready to make the purchase they simply fill out the one page application, pay the down payment in cash or cashiers check, sign the Agreement, and are given the keys to the home. We can have it notarized at the signing, or afterward based on the information given at signing.
The process is very quick and simple. There are no hidden fees or fine print. The Agreement is printed in English so you will not need an attorney to interpret it.
The houses are sold in 'AS-IS' condition. Some of them will need minor repairs or upgrades like painting, carpet cleaning, etc.
The down payment will vary depending on the condition of the home and upon our acquisition costs.
The Agreement is a Lease that automatically renews every year for as long as you are making the payments and maintaining the property. And a separate Option to Purchase Agreement. The Option to Purchase may be excercised at any time. The person who signs the agreement can get financing through a bank or mortgage company and pay off the balance owed to the seller with no pre payment penalty.
The initial purchase price of the Option is good for one year from the date of signing. After that, when you want to exercise the purchase option the price will be between the initial purchase price and the average of the MLS comps for that neighborhood at that time, as agreed to by both parties.
You can renovate or upgrade the home or build additions as long as they are in accordance with city and county building codes.
The program is similar to purchasing a vehicle with financing. It is your home, or your vehicle, as long as you make the payments and abide by the terms and conditions of the agreement. The lender cannot just decide to change the deal and repossess the car or the home. Which means that as long as you make the payments and do not violate the terms and conditions of the Agreement, the home is yours to live in. You have an Option to purchase the property and can 'close' the deal whenever you choose. You will receive legal title to the home when it is paid for in full, just like with a vehicle.
We often have several people interested in a home. We have minimal qualifying, so the first person to bring us the down payment money gets the house.
In the event that what you have been told on the phone, or information that is on the website is different than the contract, the contract is the final agreement. We sometimes negotiate the exact terms of a contract and do not get the website updated immediately.
How our program works