| Lease
Purchasing affords the tenant/buyer a wonderful opportunity to get into
a home today, that he or she can buy tomorrow. But what options are
available at the end of the contract? Fortunately, Lease Purchasing
provides multiple options here also. Imagine having
lived in a nice house in a good neighborhood for a number of years. Now
comes decision time. Let's examine the options you have. First,
you can exercise the option and buy the house. You've already
negotiated the terms of the sale, so you know what you'll be paying for
the property. But, you may also have an option within this option.
Let's say the housing market in your area has softened and the home is
worth less than when you contracted for it. Don't you think the seller
may be willing to re-negotiate the terms of the deal rather than get
the house back. There's a good chance he will. To re-cap, you can
exercise the option or re-negotiate. Your second
choice is to not exercise the option. In this case, you've rented a
nice house for a number of years and had great terms for that length of
time. Here comes another big but, if you've had a good record of
payments with the seller, and you would like to stay in the house,
possibly the seller would consider turning your contract into a
straight rental. A third option has the potential to
be a profit maker for you, the tenant/buyer. The end of the contract
period is approaching and for whatever reason, you don't want to buy
the house. What do you do? Well, if the real estate market in your area
has been strong, why not sell the house and make a profit on the deal. What you say, how can I
sell a house I don't own? It's simple. You exercise what is called a
simultaneous close. Remember, you have an option to
buy this house at a set price, if it has appreciated over the length of
the contract, you can sell it to a third party for a price greater than
your option price. You pocket the difference. Instant profit! Well,
there you have it. Options, options, and options within options. As you
can see, Lease Purchasing provides the tenant/buyer with the
flexibility to be a "smart renter". No longer do you have to throw your
monthly payment down a black hole. Make the best use of your money,
rather than letting your landlord use it for his new car payment. Only
the wonderful niche of Lease Purchasing can give you so many choices.
Don't ya just love it! For additional information
on this topic, see How To Live In Your Dream Home Today And Buy It
Tomorrow! Without Mortgages, Real Estate Agents Or Credit! at http://www.homebusinesssolutions.com/products/lpbuyerman.htm Copyright
2003 DeFiore Enterprises Interested in having your
own successful, home based creative real estate investing business?
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businesses for over 19 years, and we can help you too! To see how,
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