Company Announcements

12/1/2009 - Florida Regional Sales Manager
Former Dallas Cowboy player Kevin McBride has joined our Florida team.

10/1/2009 - Antioch Office Now Open
Dana Wallace was hired to launch our Antioch, CA office. She will also be covering the Bay Area part time until franchises are available in that area.

7/15/2009 - Tennessee Regional Sales Manager
Harriet Harrington was hired by Kim North to grow the Tennessee market.

3/10/2009 - Tennessee Office Now Open
Kim North is now the Tennessee Regional Sales Manager. She is still managing Florida too, where she is based.

1/14/2009 - Craig Sherman, President, Speaking at Contra Costa Investment Club Meeting

1/6/2009 - Second Southern California Office Now Open
Ryan Greene has been hired as our Regional Sales Manager for Riverside and San Bernardino Counties in Southern California. She is based in Riverside.

12/31/2008 - Southern California Office Now Open
Terri Bandaruk has been hired as our Southern California Regional Sales Manager for all areas except Riverside and San Bernardino Counties.

12/29/2008 - Illinois Office Now Open
Daniel Betts has been hired as our Illiniois Regional Sales Manager. She is based in the Chicago area.

12/11/2008 - Florida Office Now Open
Kim North has been hired as our Florida Regional Sales Manager. She is based in Tampa.

10/1/2007 - Oregon Office Now Open
Michelle Zafiris has been hired as our Oregon Regional Sales Manager. She is based in Portland.

Press Releases

12/1/2008 - 'Too Many Buyers, Not Enough Homes'
This is a rare problem in today’s market, but not for this Sacramento based company with a waiting list of over 8,000 buyers.  OptionPlus Homes is on the cutting edge of a trend that is offering hope to sellers who are frustrated by the real estate market slump.
“Most of our homes are moving in days or weeks, not months,” Says company President, Craig Sherman.
Read the entire Press Release here

OptionPlus Featured in Cover Story
'Rent to Own an Option in Tough Real Estate Market'
by Robert Hollis, December 21, 2008

"I did it because I couldn't sell my house" in Rocklin (Placer County) using conventional methods, said Leo Stewart, 48, a Pacific Gas and Electric Co. employee who now lives in Auburn. Putting his 15-year-old 3-bedroom, 2-bath home on the market in 2006, he found himself cutting his asking price as the market began to tank. After several months with no offers, he decided to try a lease-option sale using a Sacramento firm called OptionPlus Homes that specializes in such deals.

Another compelling reason to change tactics was that he didn't want to pay the sales commission and fees associated with a traditional sale through a licensed agent, he said.

So far, Stewart's sale remains unconsummated, but he remains convinced that he's on the right track. After one would-be buyer moved out without completing the purchase, OptionPlus found a second candidate who is currently renting the home for about $1,700 a month under a contract that calls for him to buy the place for $450,000 next year, Stewart said.

I don't expect him to buy," Stewart said, because the home has continued to lose value and may be only worth $350,000 now. He is unsure what the prospective buyer will do once the rental period has run its course next year. Nevertheless, he says he's happy with the arrangement under which OptionPlus screens his tenants, collects the rent (keeping a portion) and handles all the paperwork.

The lease-option business is expanding said Craig Sherman, founder of OptionPlus of Sacramento. His business puts together deals between buyers and sellers in Northern California and Portland, Ore. He says he expects to open offices in Southern California and Chicago soon.

Click Here to read the full archived story