Lease to own with 6 months of good rental history.
By Scott Daniels Florida Real Estate 2.0. Agents Earn 100% Commission.
(Florida List For Less Realty, Inc. Broker/Owner. )
Using a "Lease with the option to buy" is a very good idea and works very well. There are times many prospective buyers need help in locating a lender,paying off debt and having the sellers assist them in their purchase. Since the sub-prime market has all but disappeared we`ve spoken to our investors about placing a clause into our contracts to assist the buyer/reenter in purchasing a home. We`re now allowing a potential buyer a"Lease to Own with 6 months of good rental history". We`ve had alot of new inquiries.This allows the prospective buyer time to clean up their credit, it also helps the sellers decide if this is the right buyer without over complicating a transaction. With new FHA guidelines there are opportunities for these buyers, but it takes 6 months to take care of bill...
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