http://www.boiseblog.com/2009/03/buyer-beware-boise-lease-options by Phil Hoover, Real Estate Broker Tue, 31 Jan 2012 03:46:23 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.boiseblog.com/2009/03/buyer-beware-boise-lease-options/comment-page-1#comment-136 Jon Gosche Tue, 02 Jun 2009 19:29:20 +0000 http://www.boiseblog.com/?p=1379#comment-136 Phil, Some of what you are saying is very true. But a purcahse often is EVEN MORE RISKY for SELLERS. Because it gives the right but not the obligation for the buyer to buy. It gives the SELLER the obligation to sell at the agreed on price. It is simple to right a lease option in a normal purchase and sale agreement. You are right that the reason most do lease options is they cannot sell there property and it MAY be overpriced. But a good agent should be able to do a CMA and show the present Market Value. The value might drop. But then the buyer can walk. I would NOT pay very much money for an option to buy. But I would not ever do a lease option as a seller. Instead I would, and have several times done a simultaneous lease with a long purchase and sale agreement. That is a far better deal for a seller and if the price is right it can help a buyer who is sure they are going to have the ability to buy. A good candidate to do this as a buyer is one who has a good stable income, but no money down. Jon Gosche Broker, GRI Phil,
Some of what you are saying is very true. But a purcahse often is EVEN MORE RISKY for SELLERS. Because it gives the right but not the obligation for the buyer to buy. It gives the SELLER the obligation to sell at the agreed on price. It is simple to right a lease option in a normal purchase and sale agreement. You are right that the reason most do lease options is they cannot sell there property and it MAY be overpriced. But a good agent should be able to do a CMA and show the present Market Value. The value might drop. But then the buyer can walk. I would NOT pay very much money for an option to buy. But I would not ever do a lease option as a seller. Instead I would, and have several times done a simultaneous lease with a long purchase and sale agreement. That is a far better deal for a seller and if the price is right it can help a buyer who is sure they are going to have the ability to buy. A good candidate to do this as a buyer is one who has a good stable income, but no money down.
Jon Gosche
Broker, GRI

]]> http://www.boiseblog.com/2009/03/buyer-beware-boise-lease-options/comment-page-1#comment-135 Randy Gridley Fri, 27 Mar 2009 18:22:57 +0000 http://www.boiseblog.com/?p=1379#comment-135 Wonderful.. Very enlightening.. Wonderful.. Very enlightening..

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