IM INTERESTED IN RENT WITH OPTION TO PURCHASE IN SUN PRAIRIE

Asked by Vbyers, Sun Prairie, WI Mon Mar 4, 2013

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3
Ron Thomas, Agent, Fresno, CA
Mon Mar 4, 2013
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

There is no FORM printed by anyone; there are just too many variables.
The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!

Good luck and May God bless
1 vote
Bonnie David, Agent, South Lyon, MI
Sat Feb 14, 2015
Be careful with a rent with option to purchase. I just had a listing whereas the buyer wanted to sign an option to purchase and I checked with legal counsel and it was recommended that all parties hire an attorney, there are too many loose ended clauses in an option for any real estate agent to draft up,
0 votes
Bill Baker, Agent, Madison, WI
Fri Mar 22, 2013
There are several in the Sun Prairie area and I would be happy to help. Contact me directly.
608 575-6731
0 votes
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