How does option to buy works? - Landlord Forum thread 356157

How does option to buy works? by Anonymous (NC) on February 12, 2018 @19:49

Looking to be creative in down sizing my profolio in this poor real estate market in Eastern NC. Please any suggestions on drawing the contract? How much % what owner finanching rates? and what year terms? Are layer to write the contract needed? Please advise

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Re: How does option to buy works? by wow (covering all the bases ) on February 16, 2018 @21:26	[ Reply ]

it doesnt,call the local real estate pro they have 0 honor in what they do.The commision is the only negotiable item on the table

Re: How does option to buy works? by Ron (PA) on February 16, 2018 @22:21	[ Reply ]

The LPA has a Lease Purchase Option agreement if you want to rent with the option to buy. I used the form in PA and it made it all very easy to understand. If anything, you may learn a few ideas just by reading the paperwork whether you decide to do a lease option or not.

Re: How does option to buy works? by caly landloard on February 19, 2018 @15:22	[ Reply ]

Not have a chance to see a lot of the details on options to buy in real estate. But I have a lot of experience in stock options it is how I make a good living. I be VERY CAREFUL and make sure I under stand the numbers behind it AND IT CAN BE VERY COMPLICATE and HARD to know if you are getting a fair deal. Here is what I say unless you think the property is going down in value. They would either have to pay you more of the normal rent, or a sum of money, or a future purchase price that is more then the current value of the property, or all of these to secure the option to buy. Also an option is just that they have a "option to buy" they don't have to buy. If the value of the property crash they don't have to exercise their option to buy the property.