How to Spot a Lease to Own Scam—and Protect Your Investment
Lease to own programs are an incredible pathway to homeownership for families and individuals seeking a flexible, equity-building alternative to renting. However, not all programs are created equal. Unfortunately, some lease-to-own agreements are designed to exploit hopeful buyers rather than help them.
At Burson Home Advisors, lease to own homes are our specialty. With over 30 years of combined experience, active real estate licenses in North Carolina and Florida, and a track record of helping over 100 families—including ourselves—navigate lease to own programs, we are committed to providing safe, transparent, and wealth-building solutions. Unlike others, we’re in this business to help families, not harm them.
Here’s what you need to know about spotting lease to own scams and how to protect your investment.
Understanding Lease to Own Programs
A legitimate lease-to-own program is built on transparency and trust. It offers families a risk-free, financially sound way to transition from renting to homeownership. Here’s what a trustworthy lease-to-own program provides:
- Equity-Building Opportunities: A portion of each monthly payment contributes to equity in the home.
- Transparent Contracts: Detailed agreements outline all terms, responsibilities, and options.
- Fixed Monthly Payments: Your payment amount remains consistent, offering stability and predictability.
- Flexibility: You can choose to buy, continue leasing, or cash out after the lease period.
With programs like ours, you build wealth, avoid rent hikes, and enjoy peace of mind knowing major maintenance costs are covered. But sadly, not all programs operate this way.
5 Warning Signs of Lease to Own Scams
1. No Transparent Agreement
A major red flag is the absence of a clear, legally binding contract. Scammers may rely on vague verbal promises or incomplete documents, leaving you vulnerable to hidden costs and unexpected terms.
Our Promise:
At Burson Home Advisors, every detail is documented in plain language, ensuring you fully understand the agreement. Your rights, responsibilities, and financial commitments are crystal clear from day one.
2. Unrealistic or Inflated Purchase Prices
Scammers often set the purchase price far above the home’s market value, making it nearly impossible for you to secure financing when it’s time to buy. This tactic can trap buyers in unfavorable situations with little recourse.
How to Protect Yourself:
Work with licensed real estate professionals, like us, who conduct thorough market analyses to ensure fair and realistic pricing. Our experience in North Carolina and Florida means we know the markets and can guide you confidently.
3. Excessive Upfront Fees
While a legitimate lease-to-own program typically requires a small option fee, exorbitant upfront costs are a red flag. Scammers may demand large, nonrefundable payments with no guarantees or accountability.
What to Look For:
Reasonable option fees are far less than traditional down payments, and they should be refundable if you choose not to buy. At Burson Home Advisors, your financial contributions are protected and outlined in the agreement.
4. Neglect of Home Condition and Maintenance
Dishonest programs may lease homes in poor condition, leaving you responsible for repairs without disclosing the full extent of issues. This can result in significant unforeseen costs.
Our Commitment:
We conduct licensed inspections to ensure every home is in top condition before move-in. Additionally, our programs cover major maintenance, so you can enjoy your home worry-free.
5. Unrealistic Promises
“Guaranteed approval!” “No credit checks!” While these claims may sound enticing, they often indicate a scam. Real lease to own programs involve some level of qualification to ensure both parties are protected.
Our Approach:
We carefully evaluate your financial situation to set you up for success. Our process is designed to support families with unique circumstances—such as first time home buyers, prior homeowners relocating, or self-employed professionals—without false promises or shortcuts.
How Burson Home Advisors Keeps Families Safe
Our lease to own programs are specifically designed to help families, not harm them. As licensed real estate professionals in North Carolina and Florida, we leverage our experience to provide safe and transparent solutions that prioritize your financial well-being. Here’s why families trust us:
- Expertise You Can Rely On: With decades of experience and a specialization in lease to own homes, we understand the complexities of these agreements and ensure they work in your favor.
- A Track Record of Success: We’ve helped over 100 families transition to homeownership, including navigating our own lease-to-own journey.
- No-Risk Wealth-Building: Your payments build equity, and your down payment is refundable if life changes.
- Major Maintenance Coverage: We cover significant repairs, so you can focus on enjoying your home.
- Client-Centered Values: Your success is our priority. We treat every family with the care, empathy, and respect they deserve.
How to Spot Safe Lease to Own Programs
Not all lease to own programs are scams. Here are steps to identify legitimate options:
1. Verify Credentials
Work with licensed professionals. Burson Home Advisors holds active real estate licenses in North Carolina and Florida, and we’ve built a reputation for integrity and excellence.
2. Understand Contract Terms
Take the time to review your agreement thoroughly. Look for transparency in pricing, payment allocation, and responsibilities.
3. Research the Property
Ensure the home is move-in ready and properly inspected. Verify that major maintenance is covered during the lease period.
4. Assess Flexibility
A legitimate program offers options to buy, continue leasing, or cash out, ensuring you have control over your financial future.
Why Lease-to-Own Is a Smart Choice for Families
If you’re considering homes in Raleigh, Charlotte, or Greensboro, our lease to own programs are designed with your financial growth in mind. Here’s what sets our approach apart:
- No Wasted Rent: Stop throwing money away and start building equity.
- Fixed Payments: Avoid rising rental costs and enjoy consistent monthly payments.
- Tailored Guidance: We help you choose a home that fits your family’s needs and goals.
With our programs, you’re not just leasing—you’re investing in your future.
Choose a Partner You Can Trust
At Burson Home Advisors, we know that your home is more than just a property—it’s a place where memories are made and futures are built. We’re honored to guide families through the lease-to-own process with care, transparency, and professionalism.
Our programs aren’t just about contracts—they’re about creating opportunities for families to thrive. Whether you’re searching for lease to own programs in Raleigh NC, or exploring options in Charlotte or Greensboro, we’re here to ensure your journey to homeownership is safe and successful.
Contact us today to learn more about our trusted lease to own programs. We understand that the journey to homeownership can be overwhelming, which is why we’re by your side every step of the way. From the first conversation to handing you the keys to your new home, we are committed to making this process as seamless and rewarding as possible. Our mission is to ensure you feel informed, supported, and celebrated throughout your journey. Helping you achieve this milestone isn’t just what we do—it’s what we live for. Let’s make your homeownership victory one you’ll cherish forever.
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