what do you mean a lease option? you mean offer the potential renter a “lease option to buy” meaning they pay a slightly higher monthly lease payment, and they get an option to buy at a set price when the lease is up? I coudl do that – but don’t those usually require me to agree on the future sales price? if prices drop, and I put down a price based on current market prices, then they pass up the option. if somehow the market picks up and my option to buy is too low – they buy it and I lose the equity.

they might opt NOT to buy, and then I’m right back where I started.

elaborate how these alternative forms of “selling” woudl work?

I also debated about renting with an optiont o buy in a house whenI move. I’ve seen some homes that were “for sale” now offer “lease w/option to buy”. the sellers are desperate, are losing money, and want to get their home occupied, get some cash and maybe sell it down the road.

also, prices are still going down where i live. a competing house just dropped it’s price another $20k. At this rate, I’ll be unable to sell my house if prices drop too much. I am almost to the pint where I am going to LOSE money if I sell it. I’m starting to worry I may be stuck in my house. I mean, I LIKE my house, but I have already transferred my job…I am in a nwe office that is 75 miles from my house…I trasnsferred alrady..and now my house won’t sell. I can always transfer back…but I may not get another opportunity to trasnfer again..it was a favor they did me to move me from one office to the other..and the move put me much close to San Diego/better weather/family/etc….i can go back to the Palm Springs area..which is nice, but summers are hell….

what do I do? one person suggested to me that I refi my house, but i looked into doing an interst only loan to get my payments lower…but since rates are now higher,a nd my current loan is at a great rate, even an IO loan saves me VERY little per month…not enough to make the loan payment more affordable.

any suggestions?

i now understand how people got stuck in their houses in the last decline. you have a payment you can afford, prices go down, you go negative, you can’t leave/sell…