I can help you find lease with purchase options in Sandy Springs. Here are some considerations to keep in mind:
Straight Lease (GAR F40) + Option to Purchase
No commitment to purchase
No upfront due-diligence expenses are required.
Option payment may be applied to purchase price.
Purchase Price could rise.
Other Purchase & Sale challenges by owner could pop up 12 months later.
Due Diligence discoveries could pop up 12 months later.
Option payment may be forfeited if closing not completed.
Option can expire, allowing other buyers to purchase.
Lease-Purchase Agreement (GAR F29) + Lease (GAR F30)
Owner cannot change Purchase Price, price negotiated upfront.
FEW Other Purchase & Sale challenges by Owner can pop up 12 months later.
Due Diligence discoveries occur in FIRST 30 days of lease.
(Home Inspection, Termite Inspection, Stucco Inspection, Lot Survey, etc.)
Earnest Monies are credited towards â€œpurchase funds required at closingâ€.
Other buyers not likely to interfere with purchase, since Purchase and Sale Agreement is binding and merely dependent on contingencies in P&S (Inspection, Financing, etc.)
Tenant is committed to purchase.
Tenant must expend cash for upfront due-diligence expenses.
Earnest Monies forfeited if closing never completed.
Let's meet and discuss your options.