Well after reading all the responses, looks like your pretty covered with many options. It's a personal decision and if you can't make one at the moment, why not let a management company handle the rental for you and start over in a year with selling. Marsha at Watson Property Management is who I recommend. (904) 471-9976. Then when you're ready call me, Gayle Logan, Realtor/Consultant, Watson Realty Corp. (904)669-2778 - www-homes-st-augustine.com.

We are building new homes for the sole purpose of helping people that have gone though foreclosures or BK !
Many of these people are good clients that got caught up in the real estate meltdown that simply new a new chance to reboot.. Those of us that has be fortune enough to make it though this time should stop looking down on others and looking at the money by helping them. Now i am not saying there aren't bad risk ! But they have alway been there and alway will be there ! It's called Bull & Bear !

Cyg -- Looks like you have a couple of prospects from your Trulia question alone!

John and Kathleen both gave good advice.

A REALTOR can help you determine a fair price, through market studies including absorption rates and discuss a custom marketing plan that is just right for you. Whether that is selling as a "straight sale", lease option, or rental.

I've had a number of customers ask me about the possibility of a lease option on of my listings. Some of these customers have recently been through foreclosure or bankruptcy and can not get traditional financing. Or, some that have been asked to leave thier rental due to a short sale or foreclosure. I would definately seek legal advice to safeguard your interests. It's not expensive and can potentially save you considerable heartache.

Good luck to you, please let me know if I can be of any more help to you.

Marjorie Taylor, Watson Realty Corp. is a licensed Real Estate Broker and community leader representing Homes in St. Augustine. She holds the professional designations of CRS, CSP, e-PRO, GRI, TRC and is passionate about helping clients buy and sell Homes in St. Augustine and Homes in St. Augustine Beach, Florida.
904-591-9121 http://www.TheBestAgentInStAugustine.com
Marjorie@MarjorieTaylor.net

There are a number of legal concerns when you enter a lease/purchase option. Please consult a real estate attorney to safeguard your interest in your property. If you need the names of trusted attorneys I am happy to provide you with some names in the area or you can go to http://www.lawyers.com to find an attorney.

Yes! There is a demand. I am in the need of leasing to buy option.

I might be your answer! Are you in the Saint Augustine High School district? If so, I would be very interested in talking with you and seeing pictures of your place. newlife4lisa@msn.com

Cyg,

There are buyers looking to do this. Your success depends on the marketing and the neighborhood your home is located.

I will be more then happy to tell you what other sellers are getting in your neighborhood.

Sincerely,
John mcElroy
904-540-9500
Premier Properties
St Augustine Florida
JohnMyHomeAgent@Gmail.com

Hi Cyg,

You should contact a local REALTOR and let them know that you are interested in doing a lease purchase on your home. I'm not sure about the St Augustine area, but here in South Florida I get a lot of requests from potential buyers who would like to do a lease purchase.

The one issue that might come into play is if your neighborhood has a mandatory golf membership, that might limit your options.

Nadine Mauro
Regency Realty Services
561-414-0864
NadineMauroRE@yahoo.com