One of many different types of financing techniques which benefits both sellers and buyers where the buyer and seller agree on a purchase price of the home, the buyer pays monthly installments with an agreed portion of the payment going toward the purchase price, and financing a balloon payment at the end of the agreed upon timeframe when the Closing actually takes place.
One major benefit to Sellers who are thinking of offering a Lease Option is to defer Capital Gains. Conversely, one major benefit to a Buyer is a way to gain a home without tying up large amounts of money for a downpayment. It's a win/win strategy for both parties.
If you are a Home Owner who is either in a Short Sale scenario, pre-foreclosure, or just wishes to sell in the current market, or if you are a Buyer who would consider the use of a Lease Option to purchase a home over time, please contact us.
(More Financing Techniques will be forthcoming as this page is Under Construction. )