This is something that is really done
Now to do a lease option to buy you as the tenant/buyer would come in with a non refundable deposit of say $10,000 and give to the owner and would be in the contract for a period of say 1-2 years then purchase the home and is at a set price that you both agreed upon.
Why on earth would you want to give a non refundable deposit to buy someone's property? That is my question when someone wants to do this type of buying
This also depends on what type of market we are who this will benefit
If prices would go up it benefits the buyer but why would a owner do that when they can get more money
In a declining market the owner would want to do this but why would the buyer over pay for a home
The owner or the buyer. This is why it is rarely done.
If I can be of any further assistance
Contact me My info is below
Ingrid Ski Realtor