Home Buying in 90036>Question Details

ugojo2.1, Home Buyer in Los Angeles, CA

Do you have any lease with option to buy properties?

Asked by ugojo2.1, Los Angeles, CA Thu Jan 24, 2013

Help the community by answering this question:


Sona Gallatin’s answer
Lease with option is very rare if at all. It's a sellers market and there a a shortage of inventory in most LA areas. The only time this option may be considered by a seller is if there's an abundance of inventory and properties are sitting on the market for a long time.
I recommend looking into a plan to save and be prepared to buy your own, don't have the down payment but have the credit...there are options in assistance programs for first time buyers.
But, if you're inquiring because your credit is an issue and your hoping to find a seller who'll take a chance and lease to you in hopes that you may be able to buy?
Research your proposed option thoroughly, there are risks for you and the homeowner.

Good luck:)
1 vote Thank Flag Link Thu Jan 24, 2013
Yes there are leases with option to buy but personally I shy away from them. Contract states:

- Said sale price
- Percentage of rent goes to down payment or reduction of sales price

If possible consider a purchase if convention lending not possible because of down payment amount and or FICO score. Consider FHA lending. Attached is general guideline for conventional and FHA. Check with direct lenders for current lending rate and terms.


Gail Mercedes Cole
EXP Realty
0 votes Thank Flag Link Sun Jun 16, 2013
Yes - there are properties with option to buy.

What's your price range?
What's your budget?
0 votes Thank Flag Link Thu Jan 24, 2013
I am familiar with the area you are interested in and I am happy to help!

Please contact me at (310) 717-1321 and I can show you the available leases in that area that fit your requirements.

Jamie Tian
Rodeo Realty
(310) 717 -1321
Fluent in Mandarin Chinese
DRE # 01920120
Web Reference: http://JamieTian.com
0 votes Thank Flag Link Thu Jan 24, 2013
Yes, there are several properties in Los Angeles with the option to buy. Please contact me to narrow down the results and get you a list of available properties.

Caroline Harabedian
RE-Search Concept
8700 Reseda Blvd., Suite 213-B
Northridge, California 91324
(818) 967-9626 mobile
(818) 979-0226 fax
0 votes Thank Flag Link Thu Jan 24, 2013
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