Amenities
STOP RENTING - START OWNING!!!
How does a Lease Option Agreement Work?
In a lease option agreement, the parties decide what would be the cost of
purchasing the option.
They decide how much would be the purchase price at the end of the lease
period.
Also, they agree on what would the period time after which the buyer (
lessee) will buy the property.
The lease purchase also buys time for potential buyers to repair their
credit and save up for a down payment toward a conventional mortgage before
the option expires. The option's length can be negotiated, and a longer-term
gives the buyer more time to get things in order.
Think BIG - (6BR) plus family room, formal dining, and two year-round
sunrooms could be multi-purpose rooms, such as separate T.V. room, home
office, music room, sewing or whatever, plus deep yard a 2-car garage. The
primary heating system is a hot water boiler with radiators (which
distribute heat in hot water). This secondary heating system is a giant
old-fashioned- G.F.A. furnace that warms the basement area.
The window a/c units cool the home. In addition, the seller has replaced 22
windows (approximately $20,000). Note: There are two antenna towers in the
rear yard that DO NOT STAY! The seller to remove it before closing.