Home Buying in Claverack>Question Details

Barbara Czol…, Home Buyer in Claverack, NY

Would the owners be willing to lease with option to buy?

Asked by Barbara Czolowski, Claverack, NY Wed Aug 15, 2012

Professional couple, with kids out of the house. Interested in leasing with option to buy. Please let us know at 518-512-7435 (Barbara's cell).

Thank you,
Adam and Barbara Czolowski

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Answers

4
I'm sorry, but the owners are not interested in leasing. Mary Ann Gazzola, Listing Broker 518.828.0014
1 vote Thank Flag Link Fri May 16, 2014
Do you want to live in Claverack?
I have a couple in New Lebanon and one in Stephentown
give me a call
518-788-5047
Lenny Brown
The Kinderhook Group
0 votes Thank Flag Link Thu Aug 16, 2012
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.

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!
0 votes Thank Flag Link Thu Aug 16, 2012
I highly disagree with your analysis. Leasing w/ option to buy makes perfect sense for someone trying out a new community-if finances or credit were an issue that would be revealed up front. Consult an attorney for drafting of any agreement, but not everyone who seeks this option is financially insecure. Just my two cents.
Flag Sun Nov 10, 2013
Consider working with an agent of your own, who can inquire on your behalf...
0 votes Thank Flag Link Thu Aug 16, 2012
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