Another Option is a Lease Option
What if the market is slow and homes are sitting. Sometimes that means there are people out there that can't get loans. That's the case in some areas in our market today. A buyer may want to buy a house but can't because they still need to save for a downpayment or because they need some time to straighten out their credit. This is when a lease option may come in handy for both the buyer and the seller.
Lease options, in which you lease (rent) a property and have the option to buy the property at the end of the lease term, can allow a buyer to purchase a home down the line at a future point and allow the Seller to lease and get some cash flow while the buyer prepares to buy.
If you would like more information on how this might help you buy or sell in today's market. Please give me a call.
It's a beautiful day in Breckenridge.
Kristin Corsette
970-389-0900
Posted at 02:48PM Jul 29, 2010 by Kristin Corsette in Real Estate |
