April 2018

Found 1 blog entry for April 2018.

Apr 5

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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