I think lease options are great for maybe a seller who doesn't HAVE to sell their home right away, or a landlord. Wouldn't it be a bonus even if the leasee didn't buy the option at the end,!!!!???? you got hundreds of dollars of extra cashflow per month than you would have and if the house does appreciate (which they usually do thak to the cycles of real estate - not counting right this moment- but an average year where things arnt quite so messy). Plus your payments are being made for you, so you keep building equity. ya, they may leave you having to sell your house at a future time, or you could just lease option it out again for someone else who may or may not buy it, and increase cashflow. A lot of people INVEST in real estate. so if you are looking to make money for nothing, then it's a good idea for sellers. if you are just wanting to get rid of a house, then obviously not, but it all depends. but they arn't disasters. Just when things go wrong, which they can in all aspects of life. - Sun Jun 15 2008, 16:40
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.