I agree guys… Lease to own situations are almost always slanted in favor of the seller. I forgot where I read the stats but over 90% of the options are never exercised and the seller ends up pocketing cash.
I will say though that if you are a savy buyer with a good agent, your agent should be able to structure a fair deal for you AND should be able to protect your option money. Here is a for instance…. Let’s say you struck a deal (lease to own) for a home today. Say you pay 20k for the option to buy the home at the end of the lease term. However, chances are very good that a year from now the home will depreciate in value. Thus you better darn well make sure you have provisions in your agreement to protect you for that event. This is one of many things that can happen.
Make sure you know what you are doing if you are buyer.
