Lease Options:
One of many different types of financing techniques which benefits both sellers and buyers where the buyer and seller agree on a purchase price of the home, the buyer pays monthly installments with an agreed portion of the payment going toward the purchase price, and financing a balloon payment at the end of the agreed upon timeframe when the Closing actually takes place.
One major benefit to Sellers who are thinking of offering a Lease Option is to defer Capital Gains. Conversely, one major benefit to a Buyer is a way to gain a home without tying up large amounts of money for a downpayment. It's a win/win strategy for both parties.
If you are a Home Owner or a Buyer who would consider the use of a Lease Option, please click Lease Options, below, for information on current buyers and sellers who are considering this form of creative financing.
(More Financing Techniques will be forthcoming as this page is Under Construction. )
