SDR, good point about appraisal not being “decided” until exercised. If other buyers are allowed to make offers, with the lessee retaining right of first refusal, that might help fix that bug. I’m not clear why the lease option has to contain a forward? Fair market value would remove that element of risk, and entice more people into these arrangements. I see that as more relevant now with so many sellers betting on appreciation, and buyers betting on declines. It’s clogging up the system.
