Lease Option Possibility, Joe K., Bill B. and others - Posted by Sally
Posted by Sally on March 17, 2000 at 18:42:20:
I have been looking at buying another home to live in and renting out my current residence. The property I just looked at is listed for the high $400’s, which is FMV (very upper end neighborhood with unbelievable water views)and the sellers are ‘motivated’. I have been inside the property and although it is a great house, the floorplan is not ideal for us. However, because they are very motivated I hate to let it drop at this (they have already moved to Vegas) and the property has been on the market since November, and they are getting antsy. I am thinking of doing a sandwich lease option and would like some ideas. The owners own the property free and clear and are open to some owner financing, but not all and there is a Realtor involved as well. There has been very good appreciation in the area and it is one of the most desireable with great schools. Any ideas at doing something creative?