First, let me share some observations on renting. Many property owners who have failed to sell their properties in our present market (I'm not including you) have become landlords by default. As a result, rental rates have plummeted, making cash flow appear more like a fantasy than a reality. Worse, many of these same property owners are renting properties they own under their name, rather than creating an LLC and transfering ownership to the LLC, to reduce potential liability. (Consult an attorney to explore this indispensible option).
Now, let me address the lease purchase option. Unless property values are at their peek in Orlando (and I know they're not) and spiraling downward rapidly, the only benefit to doing a lease purchase presently is to a buyer. Any buyer would love to do a 2 year lease purchase locking in today's price with the hope that the market will reverse by the time the option is exercised. If the timing is right, the buyer may potentially buy your property at today's price, when it may well be worth far more in 2 years. Not a good idea Dan!
Now, about selling now. If prices are falling in Orlando and the long term forecast is more of the same for your area, selling now makes perfect sense as a means to preserve your wealth.
On the other hand, if the forecast for your market is good, wait until then to sell.
Hope this helps!
For additional enlightenment contact me directly at.....
Downing Frye Realty, Inc.
Also, 2 years is a long time to give a buyer to change their minds ~ would you consider a 1-year option? My firm provides a rental division from our downtown office and we work diligently to pre-screen your potential tenants/buyers. Additionally, I work with international & relocation clients and am available to meet with you at your convenience. Please don't hesistate to call if i may be of any further assistance ~ Vivian Katz, CIPS (407-367-9883)
Brian DeCosmo- Charles Rutenberg Realty