Miami real estate news and information

Lease-Purchase Options Give Buyers the Advantage

Lease-purchase agreeements normally benefit  the buyer… rather than the seller. 

A buyer can choose to exercise his/her option to buy … or he/she can walk away.

Price and terms are typically negotiated upfront - and put in writing … (time frames, lease terms, any portion of the lease that is to go toward the purchase price, dates by which the tenant must exercise his/her right to convert,  any financing contingencies, cash requirements,  downpayments,  whether subject to appraisal – or not,  inspection requirements, etc).

If the real estate market drops , the buyer can renegotiate the terms … or bow out.  If home prices soar, the seller is locked in. 

It’s the buyer who decides whether to move forward …  while the seller is obligated to sell.

Looking to buy, sell or lease property in South Florida?  …  Contact Vicki Restivo or Alexandra Hechtman at EWM Realty Int’l  305 793-1365 [email protected]

 

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