2007-02-07 04:30:56 · 9 answers · asked by sm81206 2 in Business & Finance ➔ Renting & Real Estate
A lease with an option to purchase can be a wonderful thing for a home buyer who is serious about fixing their credit, and owning a home. These deals are usually structured to protect the seller, and if you default, you lose everything you have worked for (as I imagine a previous poster had happen).
I would love to help you in more detail, but I would have to know if you were on the buying or selling end. If you post a comment, I'll edit this, or you can email me.
2007-02-07 04:54:55 · answer #1 · answered by ? 5 · 0⤊ 0⤋
2
2016-07-19 12:03:07 · answer #2 · answered by ? 3 · 0⤊ 0⤋
you will desire to study the words of the hire. there could be go out clauses, yet i'm specific in spite of they're will fee your cash. maximum in all probability, you're caught interior the hire. How does your hire to own option artwork? are you able to prefer to no longer workout your option to purchase? which would be your appropriate decision, end the hire then walk away. it is now common for a house to be indexed with a Realtor and purchase proprietor. some vendors elect the ideal of the two worlds, with the flexibility to sell it themselves and characteristic it with a Realtor.
2016-12-17 04:35:39 · answer #3 · answered by ? 4 · 0⤊ 0⤋
DON'T DO IT. My husband and I were doing it and we lost EVERYTHING. We put 6,000 down and lost it all. Plus we had to do ALL the repairs and lost ALL that money as well. If you are gonna do it just be very careful. I would suggest that you have a lawyer look over the lease. PLEASE don't make the same mistake we did. Hope this helps.
2007-02-07 04:39:51 · answer #4 · answered by Christina A 3 · 0⤊ 0⤋
I would probably go with lease option to own. ,this way you can see if you want it or not.
2007-02-07 04:41:12 · answer #5 · answered by misty blue 6 · 0⤊ 0⤋
Sometimes it is the best way of getting into what otherwise might be a totally unaffordable home. Just make sure everything is in writing.. CYA - - Cover Your Assets.
2007-02-07 04:39:15 · answer #6 · answered by Aunt Henny Penny 5 · 0⤊ 0⤋
Its the easiest way to buy a house without having to have good credit established.Go for it.Its opportunity knocking.
2007-02-07 04:35:03 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Rent-To-Own Home - http://RentToOwnHome.uzaev.com/?sMuK
2016-07-12 12:02:26 · answer #8 · answered by ? 3 · 0⤊ 0⤋
how r u..?
2007-02-07 04:40:18 · answer #9 · answered by nawashaheriya 1 · 0⤊ 0⤋