Posted by George on December 24, 1999 at 12:43:27:
…when the deal closes, how are they going to get their cut? The l/o deals I would be trying to structure would be at least 3 years - what agent would be willing to wait that long? I guess you could offer to pay their commission, but based on what price? If your option calls for a purchase after 3 years at FMV, how do you know what to pay the agent? Answers to these questions would make negotiating very interesting, I think.
Thanks to all, and happy holidays!!!