Lease/ Purchase townhome question - Posted by TT

Posted by Mike Daly (GA) on April 15, 2002 at 05:16:10:

It’s possible, but most sellers wouldn’t want to wait that long. You may need to put a larger than normal deposit down to give the realtor more assurance that you won’t back out of the contract after they’ve taken it off the market. Or you could give them a contingency where they can cancel your contract if they get another buyer.

Lease/ Purchase townhome question - Posted by TT

Posted by TT on April 14, 2002 at 19:57:06:

I have a question, maybe some of you can answer for me. I have a townhome I have found an interest in. If I pay the realtor an option fee (down payment )for this townhome upfront, do they take it off the market for sell.

Another question is could I sign for a contract now for that would state it starts in August 2002 (or is this too far away) w/o having to make monthly payments until I was able to move in August 2002? Would an realtor hold the property off the market this long if I made a down payment now or is it wise to not pay any upfront fees. I am asking this question because I am currently in a lease for an apartment that doesn’t end until around August.