We get a lot of calls for clients who are currently looking to rent a home but in the near future be able to purchase a property. They often ask us if the current owner would consider a lease option that would allow them to lease the home and then purchase it at a later date. This can be a tricky transaction and often should be negotiated by a licensed California real estate agent who has done this before. The basic concept is to find a rental property that you like and ask the owner if they are open to selling it. If they say yes then you have the potential to set up a lease option. Here are the points you want to consider and negotiate.
First, figure out the current value of the home. This will be important to establish a fair market value
…