What do you think about lease-to-own properties? Where do they find them?

Asked by Mj, Concord, CA Wed May 6, 2009

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Barbara Wils…, Agent, Danville, CA
Thu May 7, 2009
Any agent can help you too. There are many homes listed on the multiple listing service that are lease with option to buy. That seems to me to be a lot safer than Craigslist, because when done through a realtor, you will get a title report, everyone signs with a notary, and it is all on a contract. Call if you still need help.
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Johnny Huang,…, Agent, Walnut Creek, CA
Wed May 6, 2009
Due your homework on these and make sure you're talking to the right owner on record! I've seen some scams on Lease to own deals where people aren't the legal owners. Get someone to help you read it through.
Web Reference:  http://www.crosswalkre.com
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Mark Atteber…, Agent, Louisville, KY
Wed May 6, 2009
Craigslist is a great place to start. Make certain that there is a clause protecting you should they default. If they are foreclosed on because of mismanagement there is virtually nothing but civil court to protect your non-excercised interest in the property.

Could be a win-win if both parties do their part. I have sold my last 2 homes this way.
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