Check out this section of our website to learn more about lease purchase opportunities for buyers:
Lease to own is becoming a more common option with today's market/economy.
In order to protect yourself from unscrupulous people looking to take advantage of you, I recommend working with a Realtor you trust and having an attorney draw up/review the lease agreement. Your realtor can help you find homes in the area where the seller will consider a lease option and help you negotiate terms that are fair. Not all sellers have considered this option, so it often pays to contact home sellers that have been on the market for a while to ask if a lease/purchase is an option they would consider.
Remember that a lease purchase includes a fully negotiated and accepted purchase agreement that is simply delayed until a later date. You will have some risk if you don't fulfill your obligation. If you have further questions about the process of a lease purchase or would like assistance in your home search, you are welcome to contact our team.