How do lease options work and what are the benefits?

Asked by Alison Hillman, San Francisco, CA Wed May 22, 2013

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Robert Chome…, , San Diego, CA
Wed May 22, 2013
The main benefit of lease options is in an appreciating market. You can lock in a price with an option and lease the property for a few years and exercise your option at the lower price the property was at a few years ago. If the price falls, you can just walk away from the option without much of a loss.
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