Tuesday, January 8, 2008

Avoiding Lease To Own Pitfalls Part 2

Our last discussion involved some to the problems you encountered with a Lease Option. Due to the nature of this type of transaction, it is imperative that you prepare yourself as much as possible for the challenges that may be encountered.



In regards to Lease Option Contracts, I highly suggest using an attorney familiar with constructing Lease Option Contracts if you are buying a home direct from the seller or working with an Agent who specializes in Lease Option negotiations.



I am often asked what kind of lease credit you should expect to receive with a lease option. Unfortunately there is no straight answer because most terms of a Lease Option Contract are completely negotiable. There are fringe considerations, such as the amount of credit allowed by lenders, but as t

1 comment:

Unknown said...

This is really interesting take on the concept.I never thought of it that way. I came across this site recently which I think it will be a great use of new ideas and informations. Thank you for sharing it with us.

Lease to Own Homes