Profile picture for ShanellJohnson

How can I find homes listed for lease with option to buy?

I am looking to lease/purchase a home, but as I look through most sites, cannot find the option to search for it. Do I have to call on EVERY home I am interested in to see if Lease/Purchase is an option?
  • January 23 2012 - Huntsville
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Answers (11)

Profile picture for PhilipWinburn1
you will need a loan preaproval in any case. buyers wont consider tenant-buyers who cant get funding. [Promotion and website removed by Zillow moderator. Please see our Good Neighbor Policy.]
  • May 30 2013
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You can hire a realtor to that for you as it is on individual basis
  • February 14 2012
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I agree you need to find a Realtor. Since there may only be a few on the MLS wherever you live, you want a Realtor that will do some work for you and call around. It was mentioned below that many sellers haven't considered that and depending on their situation, (motivation, time on market, etc.) that may be one of their last options. Look into the homes for sale along with those that aren't. You never know who is right around the corner from selling.
  • January 27 2012
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I agree with  Sherry Bloom, Good luck!  :0)
  • January 25 2012
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Hello Shannell, As other realtors noted below, it would be wise to contact a reputable realtor in your area. They will be able to obtain that information for you and suggest listings within your price range and criteria. Best of luck on your hunt!
  • January 25 2012
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Hi Shanell. I would suggest contacting a realtor and let him/her know what you are looking for. They can search specifically for the criteria you are desiring, and send you the results. Good luck!
  • January 25 2012
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Profile picture for dthein
In our area it is not very common, however many sellers who have listings on the market more than 120 days, particularly over seasonally less desirable times (such as Nov.-Feb.) are open to negotiating and will try the lease option. 
  • January 23 2012
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this lease option to buy is quite popular in Louisville, KY.
  • January 23 2012
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Many Sellers are not aware of a Lease With An Option to Purchase option until a Realtor broaches the subject with the owner. Given the current RE market conditions a Lease With Option may be more attractive to a seller/owner.  

Landlords of houses and condominiums are sometimes open to a Lease With An Option To Purchase as well. Recently I worked with a woman who expressed an interest in possibly purchasing the house that she would be renting. We added some language to the lease which keeps the door open for both landlord and tenant.

  • January 23 2012
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Profile picture for Blue Nile
Well, I found 4 on Zillow in Huntsville using the "keywords" filter...
Huntville Lease Option

You can try other keywords, or can put it in quotes if you want it as a phrase.
  • January 23 2012
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Profile picture for wordsmth
Here's a link to a blog I wrote on how to find lease-options: http://bit.ly/findaleaseoption The point is that some properties will be listed that way on the MLS . . . but generally not too many. Others will be on the MLS with other indicators or clues. And some won't be on the MLS at all.

Also, you should be working with a Realtor. Some of the tips in my blog are ones that really have to be done by Realtors--they involve searches that you can't do just as a consumer.

Hope that helps. 
  • January 23 2012
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