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lease option: Builders and Smart Sellers Turning to the Lease-Option to Sell Homes - 03/26/09 08:52 PM
The term "everything that's old is suddenly new again" can be used to apply to today's real estate market. Here in Charlotte's real estate market, we (like so many markets around the country) are suffering with too much inventory and not enough qualified buyers. Based on February's sales figures, we have a 23 month supply of condos and 18 month supply of single family homes. While sales are anticipated to increase, it will take many many months of selling far more inventory than we're able to list, and that's something I don't see happening any time soon. So what is a
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lease option: Your Guide to Lease / Purchases. They can be a good thing - 08/25/08 11:53 AM
The real estate industry has a pretty good way of coming up with solutions posed by market problems. When conventional financing was unstable, lenders and agents utilized 3rd party non-profits sell homes to buyers will little for a downpayment. Now with many of the rules changing once again, lease purchases are becoming a lot more trendy. Not to be confused with Rent-to-Own, a lease purchase is done with the intention of the buyer making the purchase. With lending standards tightening, there may be something that is standing in the way of the buyer making the purchase today. The most common are
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Jonathan Osman (Charlotte House Hunter Group)
Charlotte,
NC
More about me
Keller Williams Realty
Address: 5925 Carnegie Blvd, Suite 102, Charlotte, NC, 28209
Office Phone: (704) 960-1725 x 100
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