Avoid lease-option snafus in home sale

REThink Real Estate

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Inman Connect New York | January 29 - February 1, 2019

Q: We wanted to buy a new house a few years ago, and rented our old house out under a lease-option to a young family at our church who wanted to buy but needed to save some money first. They were supposed to buy the place within a year, but then the husband lost his job. He got a new job, and they needed to save up again. They kept coming up with reasons they couldn’t buy, but they also kept saying they just needed a few more months.