Currently in Frisco there are 16 homes for lease purchase range from $1595 to $4500 . Our office happy assist you in this type of real estate transaction.
There are many tips never enter into a lease purchase unless you have a realtor who represents you. We worked with many families regarding this type of purchase.
HERE ARE A FEW BASIC FACTS:
Buyer and seller agree on a purchase price.
During the term of the option, the buyer agrees to lease the property from the seller for a predetermined rental amount.
The term of the lease purchase agreement is negotiable, length is one year to three years, at which time the buyer applies for bank financing and pays the seller in full.
Option money is nonrefundable.
Nobody else can buy the property unless the buyer defaults.
Buyers are often responsible for maintaining the property paying all expenses associated with its upkeep, including taxes and insurance.
.If the buyer defaults, sellers do not refund any portion of option money and may retain the right to sue for specific performance.
CONTACT OUR OFFICE TODAY
Lynn A. Crosby ~ National Featured Realtor
"...Specializing in Residential, Commercial Properties and Loans..."
Dallas Realtor -
The Michael Group "Dallas Business Journal 08' list top realtors"
Dallas Loan Officer - Homewise Lending
Dallas Real Estate Website: http://www.lynn911.com
60,000 listings Dallas homes for sale