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Financial Services
When to Consider Lease Option
Reasons for using a lease option
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Buyer found the perfect house, deal, location, layout, or school district and needs to act now. Lease option offers the time to obtain financing.
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Buyer is relocating and may need to sell a property in another area before the buyer can qualify to purchase the new home.
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Buyer may have had some credit issues that can be resolved during the option period.
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Buyer may have started a new business but otherwise qualifies and can afford the payments.
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Buyer may not have enough funds for a downpayment.
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Buyer is relocating and is unfamiliar with the new area. He/she wants to "get a feel" for the area--safety, school quality, convenience, etc.
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Buyer wants to obtain discounted property through wholsalers or other entities that do not allow time for financing.
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