Comments on: Pros and Cons of a “Rent to Own” or “Lease Option” http://www.senasellsvegas.com/blog/2009/02/24/pros-and-cons-of-a-rent-to-own-or-lease-option/ Las Vegas, North Las Vegas, Henderson and Boulder City Real Estate News Sun, 14 Mar 2010 01:52:35 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Mike in Dallas http://www.senasellsvegas.com/blog/2009/02/24/pros-and-cons-of-a-rent-to-own-or-lease-option/comment-page-1/#comment-1326 Mike in Dallas Wed, 18 Mar 2009 18:13:54 +0000 http://www.senasellsvegas.com/blog/?p=297#comment-1326 You hit the nail on the head. In Texas we cant do alot of this anymore. We have alot of buyer looking for it also. You hit the nail on the head. In Texas we cant do alot of this anymore. We have alot of buyer looking for it also.

]]> By: Wendy http://www.senasellsvegas.com/blog/2009/02/24/pros-and-cons-of-a-rent-to-own-or-lease-option/comment-page-1/#comment-1253 Wendy Thu, 05 Mar 2009 21:19:28 +0000 http://www.senasellsvegas.com/blog/?p=297#comment-1253 Great post on understanding the basics of a Lease Option! A Lease Option can be great for both the buyer and seller -- especially in this market. However, as you stated, the buyer is at great risk if they do not quickly attack whatever issue is preventing them from qualifying today! (i.e. credit or ability to veryify income) Given the current credit market, we find that most people need a 24 month lease term. Great post on understanding the basics of a Lease Option! A Lease Option can be great for both the buyer and seller — especially in this market. However, as you stated, the buyer is at great risk if they do not quickly attack whatever issue is preventing them from qualifying today! (i.e. credit or ability to veryify income) Given the current credit market, we find that most people need a 24 month lease term.

]]> By: Shannon http://www.senasellsvegas.com/blog/2009/02/24/pros-and-cons-of-a-rent-to-own-or-lease-option/comment-page-1/#comment-1221 Shannon Fri, 27 Feb 2009 15:50:56 +0000 http://www.senasellsvegas.com/blog/?p=297#comment-1221 Thank you for putting this process in such easy to understand terms!! There are a lot of misconceptions about this out there about this process & it is always important to have a real estate attorney help with these types of transactions. Thank you for putting this process in such easy to understand terms!! There are a lot of misconceptions about this out there about this process & it is always important to have a real estate attorney help with these types of transactions.

]]> By: Terry@CharlotteRealEstate http://www.senasellsvegas.com/blog/2009/02/24/pros-and-cons-of-a-rent-to-own-or-lease-option/comment-page-1/#comment-1218 Terry@CharlotteRealEstate Fri, 27 Feb 2009 10:24:41 +0000 http://www.senasellsvegas.com/blog/?p=297#comment-1218 Are you seeing any owners willing to "subsidize" that DP by allowing a credit off a market rent? It seems that rather than give a discount on the home purchase, one could just pay a market price, but the land lord could give a purchase "discount" in the form of allowing $500/mo to go to rent, or $6,000 as a DP at the end of one year, if they exercise the option. This way it is a true option, and i think most renters would find it much more appealing as long as they weren't overpaying. Are you seeing any owners willing to “subsidize” that DP by allowing a credit off a market rent? It seems that rather than give a discount on the home purchase, one could just pay a market price, but the land lord could give a purchase “discount” in the form of allowing $500/mo to go to rent, or $6,000 as a DP at the end of one year, if they exercise the option.

This way it is a true option, and i think most renters would find it much more appealing as long as they weren’t overpaying.

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