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is a lease/option a good way to sell a condo in Hawaii?

Fri May 9 2008, 18:37 - Hawaii - Home Selling - 2 answers
 
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Frank Diaz was FIRST TO ANSWER
A lease option is a good way to sell a property if it's a fit for you. I've done them before and you need to have the right buyer and seller with similar expectations. If you have not done a lease option before I suggest you speak to a qualified professional in that area. It may cost some money, but it's better to pay a few bucks upfront rather than lose a whole bunch in the end. Traditional listings with real estate agents are not always the best fit for some situations. As with anything in real estate you need to make sure you do your homework though. Being prepared and learning about lease options is essential. I want to see you come out of it better than you went into it. Good luck and I hope you have success!!

Tue May 13 2008, 19:57
 
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I have seen mor and more of these. They are very popular with buyers sinc lenders have tightened up their standards. The hard part is making it a fair transaction. Setting the future sales or closing price and determining the deposits will be challenging. I know someone that purchased 3 condos in Waikiki and has don a lease option on all three. H gets $X down, with $X/month and and a future sales price of the current market value, within 1 year.

Sat May 10 2008, 12:58
 
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