A lease option offers flexibility to a potential Phoenix AZ real estate buyer, and it is exactly as it sounds, giving a renter the option to buy. For a buyer, a lease option can be a great way to go because it gives him an exclusive option to buy the property he is renting, binding the seller but not the buyer.
Reasons to enter into a lease option include time and money, allowing a renter the time to secure financing, save money, reduce debt and acquire financing. Another bonus can be when home values go up over the period of time of the lease option but the agreed upon home price is still a valid one.
Lease options typically use a portion of the rent toward the down payment of a Phoenix home and because of this they work as a great way for people to purchase a home when they don't have the money readily available for a down payment. A lease option is simply a way to defer buying a home.
To search Phoenix area property for a lease option, contact Gina McKinley, a Phoenix area Realtor. She can help you through the lease option details while finding you a perfect Phoenix area home for sale. Contact Gina McKinley at (480) 600-1129 or by email.
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