is a lease with an option to buy an Option?

Asked by Thana, Arcadia, OH Sun Jul 26, 2009

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This question is about this property: http://www.trulia.com/property/1071958973-238-E-Newell-St-We…

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Stacey Mcvey, Agent, Hudson, FL
Mon Jul 27, 2009
It IS an option, but you must take care to note all the conditions of the option. There are unscrupulous sellers that use this method of selling as a way to generate tons of cash flow because they are using contracts that are nearly impossible for a buyer to perform on. Use the services of an attorney or a professional realtor before entering into this type of agreement. The costs can be hefty to the buyer if entered into lightly.
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Dallas Texas, Agent, Dallas, TN
Sun Jul 26, 2009
In these types of transactions best have a Realtor represent you.

Many people use these terms incorrect manner till property is viewed with listing agent determine exactly what intent is. I have represented buyers and had educate seller how these conditions work on behalf of all parties.

Contracts can be tricky be careful full understanding .

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