Home for sale at 24853 Bridges Drive, Daphne, Alabama, 36526 - 06/15/08 06:48 PM
Home for sale at 24853 Bridges Drive, Daphne, Alabama, 36526
2523 sf, built 2003 4/2.5 with greatroom, formal dining, great kitchen with breakfast area $299,800 To see this home, please call Janet English, RE/Max By The Bay, 251 591-2411
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Is the lease purchase back? Oh, I hope not - 06/11/08 07:10 PM
"Would your sellers consider a lease purchase?" two separate agents have asked me in the last two days on two separate listings.
And each time, I've explained the pros and cons of such an arrangement to my sellers. Both sellers passed and here's why.
First, the Wikepedia Definition: "A lease purchase contract (or lease option contract) is the abbreviated form of the appropriate term lease with option to purchase contract. It is a form of real estate purchase which combines elements of a traditional rental agreement with an exclusive option of right of first refusal to later purchase the home."
The … (4 comments)

 
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Janet English Realtor Mobile Alabama's Eastern Shore Suburbs

Daphne, AL

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RE/Max By The Bay Daphne Alabama

Office Phone: (251) 621-2588

Cell Phone: (251) 591-2411

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