Would the owners consider a lease option or a rent to own transaction?

Asked by Linda Sisco, 92869 Mon Jan 25, 2010

This question is about this property: http://www.trulia.com/property/1066067179-3459-Vandermolen-D…

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Jane Grant, Agent, Aguanga, CA
Mon Jan 25, 2010
This property is in Back Up status as of 12/29/10. Lease options and rent to own situations in our current Real Estate Market where there are more buyers than homes for sale is really hard to find. It does not benefit the seller when they can easily find someone to purchase the home outright. Also, this was a short sale so and they are always "subject to", bank approval and banks will not get involved in a lease option either, due to the availability of so many pre-approved and qualified buyers.

Sometimes a really rural property that is not getting much action will consider a lease option or rent to own but it would have to be something that is usually far out or in need of repair.

Web Reference:  http://www.soreal.biz
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