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re: Question about selling a home
Posted on 8/1/11 at 8:26 pm to FanFrom318
Posted on 8/1/11 at 8:26 pm to FanFrom318
Make sure you put a time limitation on how long they have the option to purchase. I sold a house this way and just missed the uptick in home prices after Katrina.
1
Posted on 8/2/11 at 12:11 pm to lsubandmom
I went this route selling my house. I did a year lease to purchase with money down. Your ultimate goal is to have them go to long term financing. I would make them provide income disclosure statements, credit report, and I would have someone do a background check. If they won't agree to these terms walk away.
There is a reason they are looking to lease instead of buy. My deal has worked out so far but I have heard many horror stories of ones that did not.
There is a reason they are looking to lease instead of buy. My deal has worked out so far but I have heard many horror stories of ones that did not.
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