Leasing with the Option to Buy
Leasing with an option to buy is exactly what it sounds like – a renting tenant signs an agreement with a landlord stating that the tenant can buy the property at the end of a prearranged time period. The owner is obligated to sell at the option price, but the tenant is not obligated to buy. This can be a great option for a potential buyer who has found the right home but can't yet qualify for a mortgage. If this sounds like something that might interest you, please read on.
I work closely with a national company that can provide a lease with option to buy program for many homes that are currently on the market. Once you are approved for this program, you will work with me to identify a qualifying home. Once that home is identified, you will be provided with detailed information on the lease and right to purchase options. You will have all the information that you need in order to make an educated decision. If you decide to move forward, the home is purchased with CASH from the national company, and you will sign a 1 year lease with no obligation for any additional renewals. At the end of the first year, you can just walk away, you can purchase the home based on the right to purchase agreement, or you can renew your lease for an additional year (up to 4 additional years).
If this sounds like some like something that interests you, please contact me at 303-990-7779 or Ken.Gaffga@ColoradoHomes.com