Agent

How to create a home lease with option to purchase

Research and negotiate before sealing a deal

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DEAR BOB: We are interested in leasing a home with an option to buy. Our preference is to buy within a specific school district. Our children are already enrolled and have adapted very well. How can we find a lease-option within this school district? – Rochelle S. DEAR ROCHELLE: You probably won't find any lease-options advertised for houses within the school district you want. That's why you must create your own. I suggest you look in the newspaper "houses for rent" and "houses for sale" columns, inspect those houses in the area you want, and when you find one you want to lease-option, ask the owner if he or she will lease with an option to buy. Purchase Bob Bruss reports online. Most rental house landlords have never considered a lease-option. That means you must explain the benefits, emphasizing the many advantages for the rental house owner. Be sure to offer the landlord a slightly higher rent than was requested. Also, offer a substantial non-refundable option consideration,...