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Lease With Option To Buy Knowledge Base
Lease Option to Buy a Home Deposit in CA, Is this deposited into an escrow account? I am trying to fin out if in the state of CA, does the owner of a property who is offering a lease option to buy get to pocket the initial option to buy deposit or does it have to go into an escrow account until the sale of the house? Same thing with any additional amount above the rent, does this get deposited into an escrow account as well?
What are the tax liability with a lease option to buy as far as leasing my home as oppose to renting or sell? If all the lease payment with credit toward purchase goes into paying mortgage does that change my tax liability
I would like to hear people experiances with LEASE TO BUY OPTION...? We are trying to get into this home through a lease to buy option. I keep hearing such negative reviews about this option. Have you had a personal experiance with this? I would love to hear it. Suggestions and advice appreciated...
Average Cost of Real Estate Attorney for Lease Option To Buy Contract? Hello, We are in California and looking to obtain a Real Estate Attorney to assist with a Lease Option To Buy Contract for California. We wanted a general estitmate of what a Real Estate Attorney may cost/fee to review a Lease Option To Buy Contract and advise us appropriately. Has anyone used a Real Estate Attorney for Lease Option To Buy Contract here in California? If so, how did it work out for you and what was the average cost? Thanks in advance.....
Need Attorney: Lease Option To Buy - Rent To Own? Hello, We are doing a Lease Option To Buy on a Rental and looking for a Good California Real Estate Attorney to review and assist with the Contract. However, we need to confirm in our search what type of Law-Attorney this would be or is considered in California. Would this be a Real Estate Attorney? What type of Lawyer would we need to review a Rental for Lease Option to Buy??? Thanks in advance. I want someone to "CONFIRM" what type of Attorney this would be. Thanks.
Are there any good rent to own or lease with option to buy websites, that are free? Here's the deal, i really want to buy a house in this economy but my credit and my husbands are horrible (we're in the 500's). Also i don't want to rent anymore because i'm tired of throwing away my money. Is there a website that would give me the listings of places to go? Is there anything i should be looking for? Or be aware of? I'm really interested and can move in by September.
Anyone know of a house with lease option to buy in or near Charlotte, North Carolina? Need 3 bedroom house for family to relocate soon.
Determining the definition of deposit in a lease with option to buy? Is it assume that deposit is security or not. They say it is non-refundable.
lease to buy option? I need to know if there are any websites, on lease to buy option on houses. I can't find any. Are there any info on process of lease to buy, the do's and don't's, plus any other info. I have searched on web, but not seeing any specific websites on this process. Because this is the only option, I have on being able to buy a house in a hot market, with little income, and high debts ratio. Please help me, I would appreciate any help you can give to me. I am in Northern California. Please email me at alloura3@usa.net. Thank you. Shannon
Lease to buy option on home- when can we lock in the interest rate? Hello, We are considering making a lease to buy offer on a home and I am wondering when we can lock in the interest rate for the home. For example, if we lease for 12 months, with the option to buy, do we have to wait until the end of the lease in 12 months to secure the interest rate or can we lock it in as soon as they sign the lease to buy contract now? I would appreciate answers from anyone who has experience in this area. Thanks so much! We have good credit now. My husband justs wants to wait on buying for another year and I don't want to lose buying this house, so that is why we are thinking of lease to buy. My question is can we lock with a bank's interest rate NOW, when we are just beginning the lease aspect, rather than only locking in the interest rate in 1 year? Will a bank allow you to lock in an interest rate when you are just in the lease phase of the lease to buy option?? thanks!
My husband and I are in a lease with option to buy contract......? During all the paper signing we signed a paper that said that we checked the house completely. Meaning electrical and plumbing. We looked into everything to make sure it all looked fine. We didn't have it done professionally. We were informed there was no termite damage. We have found some in almost every room. Since we signed that paper are we pretty much bound to our contract? The owner is planning on us buying the house. She is even having a new roof put on this week. What are my options?
Does anyone know anything about lease with option to buy? What is required from the buyer?
I am living in a house that I went into under a lease with option to buy agreement.? I lost my job shortly after entering into this lease with option to buy. I put $2,500 up front and any amount over the rent $500 was to go toward the downpayment. The landlord will not make any repairs. I have paid for all of the repairs and upkeep of the house for almost two years. I have however been late with the rent several times. He has accepted it but continues to charge late fees on a ongoing basis and each month says that he is going to put me out. I have invested all the money that I had into this house and he wants me to move out and he keeps all of the money. I don't think this is right since I have made all repairs and upkeep to the house since I have been here. Is there anything that I can do legally?
Hi are Lease Option to Buy Safe? I have to move, rather being force to move cause I was ill in July so my rent was short. Rather than move to rent again I need to buy but credit is not so great. Here's the ad Beautiful 4 bed 3 bath single family home. It is located in the growing community of Lathrop. As you drive around you’ll see how many improvements are on the way. This is a nearly brand new house in a brand new community. Map with Ariel Image: "http://local.live.com/default.aspx?v=2&cp=37.802545~-121.302848&style=h&lvl=15&tilt=-90&dir=0&alt=-1000&sp=Point.q90cfk4wr8kv_17364%20Stone%20Celler%20Way%2C%20Lathrop%2C%20CA%2095330-8819%2C%20United%20States___&encType=1" The house has been designed beautifully and has a real sense of community about it. You can see pics here: "http://uk.pg.photos.yahoo.com/ph/akghaffar/album?.dir=a612&.src=ph&store=&prodid=&.done=http%3a//uk.pg.photos.yahoo.com/ph/akghaffar/my_photos/stone+cellar+way" If you are commuting to the Bay area or Sacramento Lathrop is much easier to get to than Manteca because you wont need to take busy highway 120. The area has a lot of great development coming and the design I feel is much nicer than anything I’ve seen in Manteca or Tracy. I am really in love with the area. There’s more information on Lathrop here: http://www.lathropgov.org/ The home is ready to be moved into now. FEATURES INCLUDE: 2328 SF living area 2 Story HUGE Master Bedroom with HUGE master bath and HUGE walk in closet 3 additional good sized bedrooms (1 down stairs) HUGE Family bathroom upstairs Open living room with grand entry Large kitchen and family room Open and spacious design 2 car garage with remote controlled electric door Central heating and a/c Very nice landing at the top of the stairs VERY LITTLE LAWN WORK for those who do not want to maintain a huge lawn. Less than 2 minutes to Highway 1 year-6 month-month to month leases all ok. Qualifying is easy, bad credit is OK. Please call for details. Lease option to buy available. Please call for more info.
How can I find a 3 bedroom 2 bath house for lease with the option to buy in Mobile, Alabama? how can I find a 3 bedroom 2 bath house for lease with the option to buy or owner financing in Mobile, Alabama
Is it possible to do a 1031 exchange on a property which I plan to sell with lease-option / owner financing? I have a property/home in which I am putting on the market. If I sell the property on a lease-option to buy or owner financing, would I still be able to do a 1031 exchange? If so, then how and when (upon signing the contract or pay-off (2 years))? Please include details in your answer. I can also add details if more info is needed to the question.
Can someone help with lease/option to buy info? I have a question regarding lease/option to buy loans. My husband and I lost our home of 17 years 18 months ago. We sold it at a quick, and in no way to our advantage sale in order to avoid foreclosure. We made basically nothing on it. My husband was formerly self employed, but is now steadily and full time employed. We have been renting for the past 16 months and have been excellent tenants,always paying early. Our credit is awful, and we know it....However we want to start having something of our own again.....I see offers for lease/option to buy that really don't require large down payments. What is your attitude and policy to people in our situation? Thank you for your reply.
What can you tell me about lease with option to buy and owner financed homes? My husband and I want to buy our first home. Neither of us have great credit scores but we can put $10,000 down. I have read up on some lease option to buy homes that will let you in with a down payment and no credit check. What can anyone tell me about these options? What is the difference between lease with option to buy and owner financing? DO NOT RESPOND IF: you are going to tell me to rent an apartment and clean up my credit. I already know this. I want to get into a house and only a house. Thank you in advance.
How do lease with an option to buy work (homes)? I mean how do you know that the seller is paying the first lein, when you are paying him or her? Is their any contract (protection) you have with the mortgage company or do you just deal with the seller?
if i have a lease with the option to buy a house does that trump the medicare 5-year look back? So if my landlord needs to go into an assisted living facility and they start tallying up assets, does that void my option to buy or do i still get to exercise that right? And do I still get to buy even if the price is lower than the market price?
How exactly does lease option to buy work? I have around a 640 credit score. I still have a couple things to fix on my credit. I need to to a place by the end of the year. I will not have enough for a big down payment to buy. Is Lease option to buy the right way to go for my situation?
Car Lease with Option to Buy? Does anyone have any experience with car leasing with option to buy deals? Any thoughts.....information.....suggestions? I have always purchased, but considering this. Where are the 'catches'? What should I watch out for? I worry about 'the small print'! Thanks :) Thank you Zsasha...I will keep that opinion and information in mind.
What should a company maximising EVA use discount rate for evaluating buy vs lease option. Is it WACC or bank? Normally a company evaluating buy vs lease option will use its borrowing rate from the bank to discount the cashflows. However if a company's goal is to maximise its EVA, then for evaluation of lease vs buy decision, the WACC rate should be taken as the discount rate instead of the bank rate. Otherwise company may take a decision which may lowever its EVA. Please help me to solve this.
How does the Lease with the Option to Buy thing work? I don't know anything about this, but someone just approached me today. Can you explain how it works (as opposed to renting)? Should I get a lawyer to draw up the contract or read it over? Any info you have will be very helpful. I don't know anything about it and the guy is coming by tomorrow night to see the place. Thank you
Does anyone know where I can find a copy of a residential lease option to buy? I need a lease option to buy contract for the state of CA.
I am looking for a Company that will purchase my home via short sale and lease back with 2 year option to buy? my home is in foreclosure and we have been tring everything to save it, we are able to make regular payments however the mtg co does not accept payments, we can not afford the arrearages on top of the current. so we are considering a shortsale with lease back opt to buy after 2 years with a portion of our rent going toward down payment. any info on this would be apprectiate. Thanks we are in CT
What is the 5 or 20 law in regards to a lease with an option to buy on a home? Is it real? Is a renter entitled to any amount of the proceeds on the sale of a home if they have paid rent for 5 years or 20% of the value on the home. I am trying to get a clarification on this law. Does it really exist in the state of Ohio?
How can I lease w/ option to buy when a realtor is involved? The house has dropped in price and is sitting on market. I need strategies to talk to realtor about leasing w/ option to buy- I don't think she has presented this to seller b/c of commission.
lease with option to buy vs. land contract.. what are the up & down sides to these options? I want to sell my house BADLY (my husband's ex-wife moved in next door). Can you tell me what is best for us as sellers?
Lease option to buy for land? One of our homes recently got burned down (thankfully no one was hurt). We now have this property in a subdivision that we don't really want. The neighbors are interested in it, but can't pay full price for the land. Can I complete a lease option to buy for land? And what other options do I have to get more cash or cashflow from this land? Thanks for the help in advance!
When it comes to a house what is a lease with an option to buy? and can the rents be used towards the purchase price?
What is the difference between owner finance & lease option to buy? Were can I get the documents?
On a Lease Option to buy for a home, what is the longest lenght you think a person might lease? The min. is one year, I was just wondering what is the norm, and what is the longest amount of time to offer. Is five years ridiculous? I mean....I know thats a long long time... but what do you say? Isnt it all about negotiation? Is there a way I could negotiate them into a longer length of time, and offer them something else on top?
What exactly is a lease w/ option to buy? We are going to be leasing a house for the next year. We found a nice house that we think would be great for us. The owner has mentioned that we could do a lease w/ an option to buy. It sounds attractive, but is there anything that I should be cautious of as a buyer? It doesn't seem like it commits me to anything and she said she would take a portion of the rent paid and apply it to a down payment if we choose to buy. She isn't going to charge me more to do this, so would it be wise for me to do? Also, what is typical of the amount paid that would be applied to rent? I'm leaning toward doing it, but if anyone w/ more experience can help me I would appreciate it. Thanks
Is owner fiancing similar to lease option to buy? IWhat are the ins and out of owner fiancing, say a builder offering this on condos he didn't sell?
lease/option to buy home is raided what rights do tenant still have? the home is raided and drugs found does that allow the landlord to immediately take control of home and not allow family in to get belongings. Buyer is current on the payment. Landlord also is now removing all contents to his home which belong to the buyer.
I want to find an investor to buy the home I currently rent & lease back with the option to buy.? The home is located in Colorado and is listed under the appraised value. Need to lease for 2 years or less to get funding to buy figured out. I have all details and other information available to serious investors .
Any website where i can go to do a lease to buy option on a house? i really want to see the houses and know who's leasing it.
Should I sell, rent, or lease with option to buy? I currently own a townhouse in the Los Angeles area and need to relocate to another city due to a job. Since home prices are going down, I thought it would make sense to rent my property rather than sell it and not get my money's worth. I hired a property manager and she is supposed to be finding me a tenant. She asked me if I was interested in leasing with an option to buy and I told her I would think about it. Now she is suggesting that I sell because prices are only going to continue to go down and I will only make $200/month profit by renting when I could get $150,000 profit by selling and then reinvesting in more rental property. I'm confused.
Can you lease a bank owned property with option to buy in 2 years? can you lease or sublease a R.E.O from a bank with option to buy in 2 years?
Need Attorney: Rent To Own (Lease Option To Buy) - California? Hello, We are doing a Lease Option To Buy on a Rental and looking for a Good California Real Estate Attorney to review and assist with the Contract. However, we need to confirm in our search what type of Law-Attorney this would be or is considered in California. Would this be a Real Estate Attorney? What type of Lawyer would we need to review a Rental for Lease Option to Buy??? Thanks in advance.
Looking for a house to rent /lease option to buy in northern ky at least 2br not lookin to spend over $1000mo. where can i go to look for this or if somebody has one let me know
Is there a website with RENT- TO-OWN or LEASE-TO-BUY listings like craigslist? for the SAN FRANCISCO BAY ARE? I am looking for a home rental in the Bay area, but not quite ready to buy. I have heard of lease-to-buy options, but I am having trouble finding listings in the bay area. I am so used to craigslist I suppose I am assuming its gonna be THAT easy. If someone could help me that would be GREAT!!! Thanks!!
KIA cars: pre lease/pre owned/ option to buy? I am doing this for research for school, I need to find the Kia cars being pre lease, pre owned or have a consumers option to buy. But I also need to know the original cost , the sticker price and the amount of money that people need to pay. Thank you!
i leased a house with the option to buy? but the person who leased me the home owes more on the house than he agreed to sell it to me. i paid him option money $5000 that goes towards the purchase price and a extra $200 that pays down the greed purchase price. The only reason he owes more is because he stop paying his mortgage and late fees have added up is there any legal recourse i have for this I like the home and want to buy it i think should get some money back from the option to buy contract no yes?
homes for sale -lease/buy option? Are there any reliable websites available? What are the general terms of agreement with this option? How long does the rent/lease agreement last?
hey im am trying to find a good rent to own program anyone heard of Lease Option Home Buy or know someone? is the program really any good?
Are "lease with an option to buy" traps? want to rent a condo... and the owners are offering lease with an option to buy. is that a way to get me trapped or are these type of agreements legit?
Leasing with option to buy, but no lease? Please read? I am writing this for my parents. Basically a couple years ago they put down 10,000 dollars on a house that was suppose to be put into their name and financed by them to buy out the owner. A year after living here they still couldnt get the financing. The owner of the property never reinstated a lease of ANY KIND to them but still wants them to live here and try for financing next year. The owner (who really doesnt own the house, just has power of attorney of it) comes by and harasses my parents weekly for MORE money. He charges them 750 per month, and asks for a 50 dollar fee to come pick the "rent" up, even though he lives in the neighborhood. He has also saved checks and tryed to deposit old checks that he ended up getting cash for because he has come to their house and demanded it. My parents have never really even been late with the rent. They keep getting charged off the wall "fees." The owner of the house never gave them a new lease, and the expired lease-option-to-buy papers were never signed or notorized. It seems to me like this owner is a shady one. My parents have asked for their 10,000 dollars back because the owner will not re write a lease or give them any kind of legal documentation for the house. They just "live" here and keep paying because they are unsure about what they really NEED to do. The owner is now threatening to evict them but how? Theres no lease, no real verbal agreements just alot of threats and unfufilled promises. I advised my parents to retain a lawyer in case he does try to evict. Can anyone give some insight as to what they should do. Please dont respond with ... "they should move" because they already know that they should.. we are just wandering what kind of legal recourse they have in the matter. State is alabama which I beleive requires a 10 day written eviction notice and court procedures.
What is the meaning of a lease option in a rental contract in USA? We are looking to sell our home in Orlando, FL. A prospective tenant is seeking to rent the home for $ 1700 per month for one year with a "lease option" to buy at $425,000, which is amount we wish to sell the home for at this point in time. We live in the Middle East and do not understand the word "lease option".
wanting do buy a home using a lease option? I am looking into a lease option here in oregon since I do not have the income documentation to secure a home loan and was wondering what the best approach to this was? What's the best way to find sellers will to carry the contract? What kind of terms are negotiable? pros and cons?
how does a lease with option to buy work? I want to sell my condo to a friend , she wants to give me a down payment and needs a couple of years before she buys ....
we signed a lease with option to buy contract and now the owner is trying to change her mind. we signed this contract one yr ago and we have 2 yrs left to get the mortgage over into our name,it states in the paper that all monies paid on this lease will be deducted from the price of the home.now the owner states that it is suppose to be just rent as paid.and when we get the mortgage switched over then we will still owe her the full price she was asking for.do we have a leg to stand on or will we be liable if there is still money owed on the mortgage when the time comes?we didnt go infront of an attorney to do these papers we bought a contract at staples and had it notorized is this legal and binding.?
Lease with option to buy..too good to be true??? My brother in law recently invested in a lease with option to buy program on a $450,000 home. What I find strange is that he just foreclosed on two homes. When I asked him how the program worked he said that all he did was pay $5000 down and $2,200 a month for rent. Although this sounds great, what is the catch??? it can't be that easy with two foreclosures hanging over his head. Does anyone know how rent to own programs work???
In the home lease to purchase option, can the leasor decide not to sell after you sign the option to buy? If we make improvements in the house during a lease to own can the leasor decide not to sell it to us and keep those improvements for himself?
lease going to expire. option buy or new lease? I have a BMW X5,lease going to expire this comeing on July , year-2004, mileage-30.000, option buy $28.500,What is a more benefit for me,buy or a new car lease? If i buy a car ,do i have to buy wrranty ? If need a warrenty, what kind of a warrenty needed?
my husband and I are thinking about leasing w/ option to buy a home what is a contract buyers escrow? I have downloaded forms for lease with option to buy, but I was advised that we should do a contract buyer's escrow. What exactly is this and how do I incorporate it into the agreement?
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