I raised this topic recently. It’s come up a couple of times here. Do a search. Also this link gives a bit more insight from Realtors http://www.trulia.com/voices/Home_Buying/Lease_options_rent_to_buy_-225231 Scroll down to the third or fourth post for the best reply.

In my limited experience, these should work well if two parties interests are aligned. The problem seems to be finding that partner, and anyone who knows anything about them. I googled it once and came up with very few inspiring hits. Another problem seems to be that they are associated as a prescription for a particular problem, so many view them through that prism. To me a contract can be anything, you just have to change and agree the wording.

I raised this topic recently. It’s come up a couple of times here. Do a search. Also this link gives a bit more insight from Realtors http://www.trulia.com/voices/Home_Buying/Lease_options_rent_to_buy_-225231 Scroll down to the third or fourth post for the best reply.

In my limited experience, these should work well if two parties interests are aligned. The problem seems to be finding that partner, and anyone who knows anything about them. I googled it once and came up with very few inspiring hits. Another problem seems to be that they are associated as a prescription for a particular problem, so many view them through that prism. To me a contract can be anything, you just have to change and agree the wording.

I raised this topic recently. It’s come up a couple of times here. Do a search. Also this link gives a bit more insight from Realtors http://www.trulia.com/voices/Home_Buying/Lease_options_rent_to_buy_-225231 Scroll down to the third or fourth post for the best reply.

In my limited experience, these should work well if two parties interests are aligned. The problem seems to be finding that partner, and anyone who knows anything about them. I googled it once and came up with very few inspiring hits. Another problem seems to be that they are associated as a prescription for a particular problem, so many view them through that prism. To me a contract can be anything, you just have to change and agree the wording.

You inspired me to delve a little deeper. Here’s an more reliable upbeat source. http://www.bankrate.com/brm/news/real-estate/lease-optiona1.asp

It seems that any broker can be approached, but you may need to ask them twice 🙂 Let me know if you find anything useful as I’m interested too.

You inspired me to delve a little deeper. Here’s an more reliable upbeat source. http://www.bankrate.com/brm/news/real-estate/lease-optiona1.asp

It seems that any broker can be approached, but you may need to ask them twice 🙂 Let me know if you find anything useful as I’m interested too.

Lease option deals can sound attractive but be careful. These deals are usually structured to strongly favor the property owner and there’s plenty of room for all sorts of scams.

Also, to add a little complexity, what would happen if your ‘lease optioned’ property went into foreclosure? I don’t know the answer but all exit possibilities need to be addressed in the lease contract.

Lease option deals can sound attractive but be careful. These deals are usually structured to strongly favor the property owner and there’s plenty of room for all sorts of scams.

Also, to add a little complexity, what would happen if your ‘lease optioned’ property went into foreclosure? I don’t know the answer but all exit possibilities need to be addressed in the lease contract.