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Question about selling a home
Posted on 8/1/11 at 6:43 pm
Posted on 8/1/11 at 6:43 pm
I have a house for sale and most of the offers I am getting are lease to purchase offers. The most recent one I got is for $15,000 down and they plan on buying the house in a year. Should I bite or continue to wait it out for someone to make an offer to purchase? Thanks for your opinions!
Posted on 8/1/11 at 6:53 pm to FanFrom318
I'm assuming you get to keep the $15k plus the lease payments for the next year if they choose not to proceed to purchase?
Maybe I'm simplifying this too much, but I'd take this.
Maybe I'm simplifying this too much, but I'd take this.
Posted on 8/1/11 at 7:11 pm to FanFrom318
Bond for deed. No lose for a homeowner because if the buyer defaults on monthly lease payments for 45 days all monies paid previously (includeing 15K down-payment) revert to homeowner. As long as you are happy with the purchase price- go for it.
This post was edited on 8/1/11 at 7:13 pm
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