FORT MYERS, Fla- One thing some sellers are considering when they can't find a buyer, and buyers consider when they can't get a loan is the lease purchase option. A question about them was submitted to WINK News Real Estate Contributor Denny Grimes.
Grimes says the problems with lease purchase options start with the expectations gap. The seller hears the word purchase and thinks they will eventually sell the home. The buyer hears the word lease and thinks they are just renting. Grimes says the lease purchase option can work in some situations and offered five tips Friday to make them successful.
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