Property Q&A in Jupiter>Question Details

Gary Luck, Both Buyer and Seller in Palm Beach, FL

Would a lease to own situation be considered? Thank you, Kaylyn & Gary Luck

Asked by Gary Luck, Palm Beach, FL Wed Feb 4, 2009

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Gary -

This would be up to the owner. However a lease option situation often requires a lump sum down as a "promise" to purchase the property and in the event you choose not to purchase within the stated amount of time that lump sum is forfeited. It would be prudent to research or have your Realtor do some research on the Olympus property to see if the owner is upside down on his mortgage which would dictate the owners motives on the sale of their home. There may be some other options as well , i.e. seller financing, etc.

I would be happy to talk to you if you so choose.

Debbi Shattow
The Shattow Group/Bluffs Real Estate
4050 S. US Highway 1, Suite 320
Jupiter, FL 33477
0 votes Thank Flag Link Wed Feb 4, 2009
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