Lease Option FAQ’s

Lease Option FAQ’s

1) Why don’t I just list with a realtor?

a) That’s certainly an option. Obviously a realtor won’t make your payment for you while they sell your house. I am willing to make sure your payments are handled and maintained until your home is sold.

2) How do I know I can trust you?

a) I can understand that. I am willing, however, to devote my time and
resources to our house, but only if you feel comfortable with that arrangement. If you don’t, let’s not do it. Is that fair?

3) How will my payments be handled?

a) We can handle this in two ways. We can pay you directly and you make
the payments or a separate three party escrow account can make the
payment.

4) Can I keep my tax benefits?

a) Yes, you can retain your tax benefits until sold.

5) Will doing a lease option hamper my ability to qualify for new financing?

a) No. you can use the written option agreement to show and prove steady,
monthly income.
Advantages

a) Monthly cash flow
b) Cash in the future when sold
c) Not taxable until sold or defaulted
d) Little or no risk
e) No repairs
f) No holding or sales cost
g) It saves your credit
h) No management
i) It helps seller qualify for new financing
for another house
j) Avoid the due on sale clause
k) Retain ownership
l) Avoid realtor commissions