dmarc117 Posted March 1, 2010 Share Posted March 1, 2010 anyone ever do a lease-to-own contract? for ex....you want to lease for a year with option to buy. any tips? tia Quote Link to comment Share on other sites More sharing options...
The Irish Doggy Posted March 1, 2010 Share Posted March 1, 2010 When I sold my house about 1.5 years ago now, one buyer tried to get me to do this. I turned them down. Problem is you are still tied to the house and who knows how much the buyer will take care of it. They don't have to exercise the option to buy. On the flip side, if the market in that house price range stinks, it may be better than nothing for a seller and you get to keep the money they pay you. Still, we just wanted to be rid of the house and move on because we hated the neighborhood. So, we waited and found a new buyer after a month or so. Quote Link to comment Share on other sites More sharing options...
moneymakers Posted March 1, 2010 Share Posted March 1, 2010 If they cant buy the house now. 90% of the people will not be able to buy 1 year from now. Very few lease to own contracts are ever executed a year after lease. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted March 1, 2010 Author Share Posted March 1, 2010 If they cant buy the house now. 90% of the people will not be able to buy 1 year from now.Very few lease to own contracts are ever executed a year after lease. not talking abou tthat. more about can afford, just dont want to get locked into a certain place yet. Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted March 1, 2010 Share Posted March 1, 2010 anyone ever do a lease-to-own contract? for ex....you want to lease for a year with option to buy. any tips? tia I have never done that but I am selling some land under a "land contract". I have a hugh feeling i will be getting the land back very soon. Quote Link to comment Share on other sites More sharing options...
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