Tech Tips in 76036>Question Details

Pat, Home Buyer in Crowley, TX

how do i find lease purchase homes?

Asked by Pat, Crowley, TX Mon Dec 3, 2007

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Actually can't answer that but I am putting on the market a trailer 1992 Skyline established om 731-crowley Rd a lease to sell 3-2 76 ft long trailer which is getting a neww roof and new tile currently. So you found one. My home in Everman I want to lease/sell half the lot 3-1 street parking or beside the house. one block from Elem and building school close.
0 votes Thank Flag Link Wed Mar 3, 2010
I personally don't like this idea. In my experience few people end up buying. This presents a problem as your contract normally obligates you to buy and puts your down payment at risk if you don't. If you want to rent --then do it, RENT. If you want to buy, then BUY, but don't mix the two. We've recently taken steps in Texas to prohibit these types of transactions. There are still people advertising such schemes and think they have a way around it, but the intent and content of the law is clear-NO RENT TO OWN. There's a reason for the law and that is that there were too many bad guys out there taking people's money in a lot of different ways. As a person wanting to rent you put yourself at some risk agreeing to these transactions.
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0 votes Thank Flag Link Tue Dec 4, 2007
Bruce Lynn, Real Estate Pro in Coppell, TX
HI Pat, there is no database where all lease purchases are posted. However there is a field in the local MLS where a realtor can look at the homes for sale and see if the seller is willing to consider a lease purchase.

Let me know if you want me to do a search for you.

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0 votes Thank Flag Link Mon Dec 3, 2007
I am not sure if there is way to look at 'all' the leas purchase option houses .

I think the best is for you to contact an experience realtor to represent you when searching for lease with option to buy. The reason is that they can look at each house you are interested in, talk to the listing agents and present the fact that you might be interested in Lease Purchase Option. The motivated sellers, who might not have thought about this option may even go for it if your Realtor has persuative power and a good proposal for both. .

Do you have a specific reason for wanting a Lease Option? It may or may not be the best way to go as most sellers just want to sell and shy away from doing so.

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0 votes Thank Flag Link Mon Dec 3, 2007
Sylvia Barry,…, Real Estate Pro in Marin, CA
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