Home Buying in California>Question Details

Roseruby, Home Buyer in California

Lease Option vs. Lease Purchase -- Good Idea for Buyers in Northern California?

Asked by Roseruby, California Tue Jan 22, 2008

Hi, there. My husband and I have fair/good credit and plan to buy our first home in 2 years in the Napa/Sonoma area, as we don't have the down payment we'd like to buy now, though our income has recently increased considerably. We've been seeing lease options advertised and thought it might be a good idea to lock in a low(er) purchase price now before home prices rise again. Is this a good idea or should we just go the conventional route?

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