Lease purchase agreement or lease option is basically a contract done for a piece of land or property. This contract is done between the buyer and seller for a fixed period, after which buyer may gain full rights and ownership of the property. Buyers also have the option to not buy the property and forfeit down payment.
When you finally have a buyer whose offer you approve of, you then you just need to arrange the closing. Talk to a local attorney or title & escrow company and they will walk you through the final stages to make the sale official and get all the proper documents recorded with the local government.
So, there you have it. Option 1 is going with a realtor. It will cost you 6% and you’ll have to work with them to get the house sold — if they can sell it. Is it worth it? Well, what’s your time worth? If you have no time to spare or don’t want to put in the effort, then yes go find a quality realtor. A good one will be worth it and there are good ones out there. They might even get you more for the house than you could get yourself.
Worry about whether your page is getting enough traffic to justify all this expense – which can be upwards of ,000 if you buy each part individually!
You’re energetic and enthusiastic. If a full day’s work means more than eight hours to you, real estate investment might be the career for you. Renovating houses can take its toll on your body and mind. You need a positive “can-do” attitude and the ability to see things through to completion. There are no nine to fivers in real estate.