Answers (2)
- Jaryd Ruffner, "JarydRuffner"
- Contributions:98
Be careful with how it is structured. Most agents can draft the contract but pay attention to the condition of the market. If you will be obtaining financing in the future and the market continued to drop, how will it appraise? What will happen given future market conditions? Make sure these scenarios are outlined within your contract.
- Lisa Brandenburg
- Contributions:63
I am in Kentucky- and lease with the option to purchases deals are really starting to be more common. I write an offer to purchase the home, with a closing date of up to 24 months from the date of the contract- then we work out the lease agreement, deposits, and rent- a lot of sellers who have had homes sitting on the market for months and months are a lot more motivated these days- and this may be an option for them and you!
how to lease purchase a home
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