Dunedin, FL (PRWEB) August 16, 2013
Advanced Realty Team, Inc. yesterday announced it has launched the “Fabulous Five Fridays at Discount” rental special starting with a three-bedroom home in Holiday, FL.
Advanced is a small real estate boutique based in Dunedin, FL which offers a service for people who want to sell a house fast by directly buying the homes from them.
Currently most of the homes the firm buys are being used as affordable housing. Famous Rent to Own on Steroids™, a program for which the founder of the firm holds the U.S. Patent Office’s Trade Mark, was the first of a series of innovative rental programs.
The firm more recently introduced the Famous Foreclosure Rentals, where homes in or about to be in foreclosure are rented at a discount to market rent, with the option to move up to a Famous Rent to Own on Steroids ™ for free.
The “Four F” program, which is offered currently on a single wide mobile at 1935 Sparkle Lane, Holiday, FL, charges double rent for the first month. In the case of the Sparkle home, the move in is $1,190 which is considered the rent for the first month.
After 11 months of maintaining the home as though it were their own, the resident can ask to have the $1,190 converted to become a security deposit.
If the resident wishes to move and the house is in the same or better condition, he will receive the all of $1,190 on moving out, effectively making the first month free.
“Since there are four weeks, pretty much a month, packed between five Fridays, we are giving a month free rent in this plan,” said George Beardsley, President-Broker of Advanced.
“If at that time the resident wishes to buy, we will credit the $1,190 toward the cost of buying an option to allow the resident to buy the house under the Famous Rent to Own on Steroids™ Plan,” he said.
Under the Famous Rent to Own on steroids, credit is not needed to get a mortgage and the firm will give residents a mortgage after effectively making 12 monthly payments on time consecutively and maintaining the house as if the residents already owned the home.
ABOUT ADVANCED REALTY TEAM
George and Maryan Beardsley, two former stock brokers, founded Advanced in 1996 after spending several years working for a national franchise real estate firm and gradually doing a larger portion of their business buying and selling homes for themselves and financing sales for other Realtors. They entered the real estate business the hard way, owing a home in Boca Raton Florida within a mile of the site for a planned garbage burning incinerator.
The Realtor they hired suggested owner financing which Maryan and George said sounded “stupid and scary.” But having little choice they sold and held the mortgage and the more they learned about creative financing, the more it seemed to be an important tool, especially when it is difficult to sell houses.
Eventually the buyer of their home refinanced and the Beardsleys received the full amount of cash for the sale, at top price and during a period when no one had been able to sell. “That really got our attention and we left stocks, commodities and bonds for real estate,” George said. The firm offers a number of ways of buying houses fast and lately has been offering affordable homes programs, using homes bought as rentals and rent to own homes.
George Beardsley holds the U.S. Patent Office Trade Mark for the Famous Rent to Own on Steroids Program™ where all rent paid in the entire first year becomes down payment and the tenant-buyer can earn a mortgage by making 12 consecutive monthly payments on time and maintaining the home as though they already owned it.