Lease Options: How They Help Buyers And Sellers (NAPSA)—In the current real estate market, the door has been closed to homebuyers who need 100 percent financing or don’t have a large down payment. This means about half of potential buyers no longer qualify for a home loan. It also meansthat sellers have fewer qualified buyers for their homes. One thing that is helping both homesellers and home buyers in this difficult market is the lease option. Using the lease option strategy could help people to buy or sell their homein this difficult market. Whatis a Lease Option? A combination of contracts that gives a tenant/buyer the choice to purchase a property at an agreed upon price within a specified time frame. Benefits to Buyers Occupy a property with very little capital Use the lease option term to improve credit scores Move into the home they desire without traditional financing Helps lenders make more favorable loans. Benefits to Sellers Sell their home without In a slowing real estate market, lease options help home buyers buy and homesellers sell. drastically lowering their sales price e Attract more buyers even in a slow seller’s market Collect a higher than average rent for their property Get their mortgage or most of their mortgage paid during the lease option term e Avoid foreclosure, save their credit and their equity. If you own a home and want to sell, or if you are looking to purchase a home but are having a hard time getting financing, it might be a good idea to learn how lease options work. Visit www.OptionPros.com or call (800) 824-0479 to learn more.
