lease to buy: Why leases with an option to buy may be a better way to go for sellers and buyers.
- 02/22/09 07:00 AM
Instead of an outright purchase of a home, a lease with the option to buy can make more deals happen. Here are some benefits that often occur in these type transactions: Seller Benefits: 1. Instead of selling a property with seller financing, when a seller does a lease option they still have the title to the property. If the buyer does default for whatever reason, then the seller can usually evict the lessee in a much more timely manner than going through the foreclosure process. The lessee is not the owner. 2. Instead of receiving a down payment on the sale, … (2 comments)
Instead of an outright purchase of a home, a lease with the option to buy can make more deals happen. Here are some benefits that often occur in these type transactions: Seller Benefits: 1. Instead of selling a property with seller financing, when a seller does a lease option they still have the title to the property. If the buyer does default for whatever reason, then the seller can usually evict the lessee in a much more timely manner than going through the foreclosure process. The lessee is not the owner. 2. Instead of receiving a down payment on the sale, … (2 comments)
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