All things are possible in real estate. The answer is yes. Essentially, the terms are spelled out in a lease with option agreement, which specifically details the understanding between the two parties.
Generally, the lease portion is the enforcable part of the agreement. Whether the home is eventually purchased is generally at the sole discretion of the buyer, (which is the option).
It is crucial that you have an agent well versed in this process.
If you can tell me what amount your looking to spend and how soon you need to move and are you currently leasing? Call Francine who knows the Westland, Canton, Livonia and Redford markets. 734-564-7471... more