| Many people buy a house then have to move | | | | Q What are the advantages of selling my home |
| within a few years, due to divorce, relocation or | | | | by lease option over listing it with a Realtor? |
| financial difficulties. Without any equity though, it | | | | By selling your home in this way, you avoid |
| can be nearly impossible to find buyers and you | | | | realtor fees and some other closing costs. You |
| still have realtor fees to contend with. There is a | | | | also have a tenant who intends to purchase your |
| simple, easy way to have your payments taken | | | | property. They will take better care of the home |
| care of for you and find a buyer, so that you can | | | | than a renter would and may even fix it up a bit |
| move onto your new life quickly and easily. | | | | for you. You also, naturally, have your payments |
| Homeowners can sell their homes by lease option. | | | | taken care of and keep the tax benefits of |
| What are the benefits of selling my house on a | | | | owning your home, until the final sale. |
| lease option? | | | | Q How long does it take before your tenant |
| When you lease option your house, you sell the | | | | buyer cashes me out? |
| right to purchase your home at a set price within | | | | A That depends on a number of different factors. |
| a predetermined period of time. During that time, | | | | Many people with less than perfect credit can |
| the purchaser of the lease option pays you a set | | | | rebuild their credit and receive a mortgage from a |
| monthly fee. They pay what amounts to their | | | | mortgage broker within 6 consecutive payments. |
| "rent" to you with the provision that they can | | | | Q Why don't I just sell the house myself? |
| purchase your house within a certain period of | | | | If you have little or no equity in your home, it will |
| time and have part of the rent that they have | | | | not be considered a good investment by most |
| paid you applied to their final purchase price. | | | | buyers. |