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what is a great online resource to find listings for lease option homes in Henderson Nevada? i have tried google and found a little there is there some kind of special real estate listing for this catagory - rent to own , orlease option

How do you find lease option homes?

In lease-option home deals, how much (%) of rent should go to the down payment? I am looking at purchasing a home and want to know what we can or should ask for to go to the down payment. We WILL buy the house (so lease-purchase vs. option). Thanks!

How would a rent to own home lease option work if one of my roomates does not intend on buying the property? I plan on applying for a mortgage to purchase the house within 18 months. However my roomate only plans on staying for a year. How should the lease be written up, to be both legal and fair to the both of us.

How do you sell a house using a lease option agreement? I want to lease my home with an option to purchase. I want to know if I can do this by myself or if I need a realtor. I know how much I want for selling price, option payment and rent per month. Thanks in advance.

How do lease with an option to buy work (homes)? I mean how do you know that the seller is paying the first lein, when you are paying him or her? Is their any contract (protection) you have with the mortgage company or do you just deal with the seller?

Is there any tax advantage for a person to lease-option a home rather than just renting? My husband and I own a home that my daughter rents and we would like to be able to allow her to get something out of it tax-wise since she can't buy it outright at this time, and we're upside down in it anyway.

Lease-Option Home Value Dropped..Help? We have a Lease Option on the home we are in now and we love the home/neighborhood but the price we agreed on is $245000 (last year) but now we find out the house across the street from ours appraised at $235000 and has a Pool, Screen Patio ALL Hardwood, Major Upgrades and better shape. We still are cleaning up our credit due to some unexpected things this year, so we can't qualify yet also we know the home will not appraise for the original price. Also I know of 2 homes on our street in foreclosure or about to be & atleast 3 more mores on the market or about to be. I want to be fair but the market is so down and I know they couldn't get someone else to pay what we do for this house. I don't mind keeping the price the same and see if the market improves in a year, esp. since our credit will improve by then. How do you think we should approach the owners about extending the Lease Option for 1 more year at the same terms? Should we ask about Owner Financing? Or What? They do have a mortgage and from what I can tell it is not assumable. How would you suggest I approach them about extending the contract for another year?

what are the negative effects of lease option home buying?

wanting do buy a home using a lease option? I am looking into a lease option here in oregon since I do not have the income documentation to secure a home loan and was wondering what the best approach to this was? What's the best way to find sellers will to carry the contract? What kind of terms are negotiable? pros and cons?

Lease Option to Buy a Home Deposit in CA, Is this deposited into an escrow account? I am trying to fin out if in the state of CA, does the owner of a property who is offering a lease option to buy get to pocket the initial option to buy deposit or does it have to go into an escrow account until the sale of the house? Same thing with any additional amount above the rent, does this get deposited into an escrow account as well?

hey im am trying to find a good rent to own program anyone heard of Lease Option Home Buy or know someone? is the program really any good?

What are the tax liability with a lease option to buy as far as leasing my home as oppose to renting or sell? If all the lease payment with credit toward purchase goes into paying mortgage does that change my tax liability

In the home lease to purchase option, can the leasor decide not to sell after you sign the option to buy? If we make improvements in the house during a lease to own can the leasor decide not to sell it to us and keep those improvements for himself?

How does selling your home with a lease option work? 10 points to whoever provides the best answer and a reference. I need to know where to find the contracts, when the title transfer takes place, whether you file the contract with a title company, and how long they normally take. What is a normal down payment? How long is the contract normally?

Lease-Purchase Option Home... Home Value? Hubby and I are not in a spot where we can buy just yet (need a few things resolved on our credit first and then we are more than golden for an FHA loan)... So we found this PERFECT home with a lease-purchase option. 100% of the lease payments will be applied to the purchase of the house should we choose to exercise the purchase option after 12 months. I guess my only question here is this... From what I understand, the owner of the property wants the price of the house to be determined when we are wanting to purchase it. Assuming we make an offer soon after the 12 months, do you think the purchase price will stay around the same as it would be in today's market, more or less? I just don't want for us to move into our dream home and find out in a year that the house is $200k more than we want to pay. The house is in a great area, needs no fixing up, 1/2 acre in Peoria, AZ. I don't know comps on the other homes in the area, but I do know that the market stinks right now! Thoughts???

Where can I find a home with a lease purchase option in Chicago? I'm planning on moving into my own place but instead of getting an apartment I would rather move into a home that would allow me to do a lease purchase or rent-to-ownbeing that I am the single parent of a 2 yr. old son and am taking care of my sick father. I just would like to have some research so that I could way my options

Sparta Illinois home for rent, sale, lease option? I have not been able to sell a home that has been vacant for several months. Now am looking to rent or lease option to purchase my home. A job move forced me out of the area. Any ideas or past challenges that have been expieranced.

lease/option to buy home is raided what rights do tenant still have? the home is raided and drugs found does that allow the landlord to immediately take control of home and not allow family in to get belongings. Buyer is current on the payment. Landlord also is now removing all contents to his home which belong to the buyer.

can i lease my home with option to buy while i still have a mortgage payment ? this is in cal.im getting conflicting info. to some one else not to my self.

homes for sale -lease/buy option? Are there any reliable websites available? What are the general terms of agreement with this option? How long does the rent/lease agreement last?

Who typically collects the rent in a Lease/Option agreement? I am wanting to put together a Lease Option Agreement on my property that has 2 homes on it - a main house and a cottage. The potential buyer will live in the main house, and the cottage can be rented out - Who collects the rent on the cottage until the option is exercised? The Landlord/Seller or the Lessee/Potential Buyer?

Is a lease option a good alternative to owning a home? My husband and I want to upgrade to a bigger home, but we don't have the money or enough equity in our current home to do so. We've thought about selling, using the profit to pay off debt, and make a fresh start by renting again, but I just heard about lease options. What are the advantages and disadvantages of lease options and what should I look out for considering one?

How is lease option consideration taxed? I leased / optioned a home and was given $5,000 in non-refundable option money.

Is a lease to own option legitimate when purchasing a home? I am considering a lease to own as an alternative to buying a home outright. The reason being that I do not have the capital for a down payment and my credit isn't exactly wonderful. How is a lease to own supposed to work...during the lease, who will be responsible for repairs to the home, property taxes and homeowners insurance. Will I be responsible as soon as I move in or after I actually assert my option to purchase the home at the end of the lease? What should I be looking out for to avoid getting scammed?

can i sell my home with a lease to purchase option if there is a lien? I bought a home over a year ago and have tried to sell it through a realtor. Now, I have decided to sell it by owner. Can I perform a lease to purchase option contract even though I am paying the home loan to my mortgage company?

Lease buyout option on a home? How does that work? It is a new subdivision out side the city.

what is th best way to find a lease with option tobuy home in northernnj? i dont know where tostart i need a home

if I lease-purchase a home, can I sell the option? And make money on the sale? For example, I lease purchase a 70000 home for 500 month w a $1000 dollar option fee. I find someone who wants to buy the house for 79000 after a couple months. How do I swing that deal? Can it be done?

How does a Lease w/option to but work? We are currently looking for a home, but we lost our home to foreclosure and are filing bankruptcy.We are considering a lease with option to buy, because we need time to clean our credit up but don't want to move our children again. Are we going to run into problems since we will have a bankruptcy on our credit? And do you have to have alot of money down? So, if anyone can help how does this work?

what are the pros and cons of the "lease to purchase" option when buying a home? I would like to purchase a home, however, my credit is not the best... I recently learned of the "lease to purchase option" when buying a home. Since this is totally new to me, I would like to know more about this option, can anyone offer some advice?

Lease option question, lease option ripoff?? 3 months ago I lease optioned a home from a realtor and owner, the house has a swimming pool which the woman said I would love, it has solar heat, everything works and even sent me last summers picture with her and kids smiling in it! this is a cold climate and I took occupancy in April, when I went to open the pool in June, I had a professional pool guy try to fix it, he said it wasnt fixed properly and there were tons of Fall leaves in it (I wasnt here then) and the solar was completely cracked and ruined because it wasnt winterized properly. I wrote of my dismay to the Real Estate company and the owners, telling them they must fix the pool. They refused saying this comes under "renter/buyer is responsible for maintenance and repairs" I wrote back and told them I dont think so as this was totally ill maintained and not repaired when I moved in, I have not been able to use the pool, so fix the pool. Owners got angry and now pick on me.telling me they are going to "evict" me, rights? I did not get a disclosure or the opportunity to inspect. They told me the house was perfect and I would be responsible for repairs and maintenance. The repairs I assume are ones that occur during the contract, not before. The house was not a "fixer upper" but a over $200K house. The garbage disposal was non functional the first day, and the refused to repair that, the repairman told me that it hadnt worked for some time, it was frozen and rusted together. The first week both toliets leaked all over the floor, again, I had a repair person out who told me that the seals and bolts were rusted, and someone put caulking in the holes and it came out..there is also a blackish mold coming out of the white painted walls now, the walls have bubbles on them and you can see mold coming through the cement block. These people have misrepresented this house in everyway possible, including telling me the farm across the way, was a hay storage facility and it has been a PIG farm for 30 years! PWW

On a Lease Option to buy for a home, what is the longest lenght you think a person might lease? The min. is one year, I was just wondering what is the norm, and what is the longest amount of time to offer. Is five years ridiculous? I mean....I know thats a long long time... but what do you say? Isnt it all about negotiation? Is there a way I could negotiate them into a longer length of time, and offer them something else on top?

Would you reccomend lease optioning a home instead of selling? It's seems the seller market is at a slow this season. I have been considered renting my home out with option to buy it, but I want to cover all ends, I mean what if the potential Buyer doesn't buy at the end of the contract? Or if toward the end of the contract they are no closer to buying as they were when they began to rent it? And can I still sell it, if I change my mind about selling it to them in spite of a contract? Not to be rude, but I do plan to keep a watchful eye on their credit to see if things do change during their stay (via a signed form of course).

how do i find a lease-option on a fixer upper home in the bay area? are there special agent/brockers for this, a special websight, other than craiglist? The market and growing forclosure rates ought to incurraige this kind of deal. How to a get one?

what should you look for when you lease (home) with the option to purchase? in the state of florida

Need INVESTOR to do Lease/ Option for new home? Looking for an investor to purchase a home on our behalf for up to 12 months. We make over $300k a year and are coming out of a financial mess we got in w/a bad real estate market in Colorado. We are back on our feet and credit scores are coming up, no debt etc. Our income is 100% verifiable and we are already living in the house. The owner let us do an extended close to end of October. We need to get this done asap! Thanks! Josh

Should we Sell? Rent? Lease/option? Home southern california. Population grow = higher price or more poverty? My dad passed away and left a home to me and my brother. Now we are trying to figure out what we should do? The house is in Rosemead, Ca. (los angeles area) My dad had taken out a loan on the house even though it was paid off years ago. Hey, it was his house so he has the right to enjoy the fruits of his labor. Anyway there is loans in the total amount of 160k. Payment of about 1050 per month. Saw posts where people say rent it out and wait it out for a few years. But what will be the the force that will drive the market back up to new highs? Will banks forget that quickly and start giving out easy loans like crazy (subprime, stated income, interest only, fog a mirror type ). Easy money and low standards brought a bunch of buyers into the market But Now credit is getting tighter. Will it really turn around or is it simply my wishful thinking that says hold on and give it a few years? 2 years ago 440k now maybe 375k, 2 years from now ??? (320K) or lower bcoz more frclsrs? in our case it's not a question of ownership. home was in living trust, property was property titled to trustee of living trust.

Has anyone ever done a lease option or rent to own deal on a new home? i was looking into lease options or a rent to own situation but don't know if they are a good deal or not for a 1st time homebuyer with poor credit.

Is it possible to do a 1031 exchange on a property which I plan to sell with lease-option / owner financing? I have a property/home in which I am putting on the market. If I sell the property on a lease-option to buy or owner financing, would I still be able to do a 1031 exchange? If so, then how and when (upon signing the contract or pay-off (2 years))? Please include details in your answer. I can also add details if more info is needed to the question.

If you lease option a house out, who is resposible for the property management and repairs? When you lease a house out, with the option to purchase...who is responsible for the repairs and maintenance of the home, the owner or the person leasing who may or may not exercise their option to purchase?

Does it make sense to buy a home through a lease purchase option?

Real Estate Question: Lease to own option and adding a person to the title of the home? Person A owns the home and offered person B a "Lease to Own" option. The lease to own option states: 1) Person A wants person B to pay %50 of the property taxes during the lease period. Person A will add person B to the title of the home so that person B can claim the mortage payments & property taxes as a credit at the end of the tax year. However, person B is not on the loan. 2) When person B excersices the purchase option at the end of the lease term, the purchase price will be the balance on the mortages + any outstanding taxes owed on the property such that person A can leave the transaction without owing anything. If person A defaults on the mortage/loan and forecloses, what does that mean for person B? Will person B also be liable for the loan?

can i take the first time home buyers credit if i lease with option to buy? i am buying a home on a lease with the option to buy. I have never owned before, so I can I take this credit on my taxes or not. And if so what do I need for the irs. i have a contract that states that i am buying and that i am responsible for all repairs etc on my home

How do I regain rights to a home I own that is under a lease option contract where the lessee is in default? I live in Utah. The Lessee has subleased or rented the property (which is ok). The lease agreement says that if the lessee doesn't make a payment, I need to send a notice of default (which I wrote up and faxed to the lessee). The lessee has 5 days to cure such default (which they haven't). Since they didn't, I now have the right to terminate all rights they have to the property. I don't necessarily want to evict the current tenant. I'm willing to write up a contract with them so they can stay. I need to know if faxing the declaration of default, that I wrote up is legal "written notice". I also need to know if there is anything else that I need to do legaly so I can bypass the lessee and go to the current tenant and sign a contract with them and just have them start paying me.

Is a lease/option legal without a disclosure statement on the home you are buying? I did not get a disclosure statement... It was Ohio and I did not get any disclosure, now the whole back yard floods and there are other defects in the house that were not visible.

is it a guaranteed deal when you sell your home Lease to Purchase??? (not lease with an option)? I am wondering what guarantee I have when I sell my home in this manner I am also wondering what the tax liability is on holding my home as investment property during the lease time. This is my 1st home and I don't have much knowledge about taxes.

What is the meaning of a lease option in a rental contract in USA? We are looking to sell our home in Orlando, FL. A prospective tenant is seeking to rent the home for $ 1700 per month for one year with a "lease option" to buy at $425,000, which is amount we wish to sell the home for at this point in time. We live in the Middle East and do not understand the word "lease option".

Does anyone know homes for rent or for sale with lease options in Avenel NJ? I need a home for rent or a home for sale that allows lease options in Avenel NJ Quick

I am selling my house with a lease option. How does a lease option effect your debt to income ratio? I am selling my house with a lease option. I am wondering if this will effect my debt to income ratio when I try to get a loan for a new home.

What do you think of a rent-to-own home, or lease option? My fiance and I are getting married in October. We're tired of renting and have been very interested in buying a townhouse. Our apartment lease ends this December, and since we're paying for our wedding in October we have no opportunity to save for a down payment on a house this year. What do you think of a rent-to-own home, or lease option? It sounds like a great opportunity for us -- ready to buy, but we need a little time to save for a down payment, and to qualify for a better mortgage. What are your experiences with the rent-to-buy or lease option? Advice is welcomed from sellers, buyers, realtors, or anyone who's had experience in this field. Thanks!

Know of any homes for rent with OPTION TO BUY in Dade or Broward counties, Florida? I have been browsing endless amount of pages on internet full of for rents and for sales. But can hardly get any ad which has a for rent or for lease with option to buy. If you do know of any, please let know, or at least best place to look for them.

what are myLegal rights for lease option to buy in a mobiel home park in washingtonstate? I live in a mobiel home my Land lord wants me too buy this mobiel home but he dosent want to fix it to stanard liveing condtion since i am disabled and in a wheel chair 24/7 which he knew i was when we meet what are my Legal rights

What are the typical provisions of a lease/option agreement? i.e. Down Payment, Rent, etc.? I am currently renting and a home across the street has recently become available for sale by owner. I have recently applied for a mortgage but my approval requires me to complete several items that may take a few months.I approached the owner with the possibility of a lease/option agreement so I may move into the home and leave the rental property. The owner mentioned today an option "fee" of $7,500 and monthly rent of $1,500 with a final purchase price of $173,900. Does the option fee typically get applied to the purchase price when I complete the sale? Should I request a percentage of my rent to be applied to the final purchase price as well? I haven't received any of the paperwork yet but just wanted some ideas. I am new to this.

In a lease-option and discovered home has severe foundation damage the owner wont fix. Can I get deposit back? Entered lease-option agreement giving down payment of 3x the rent in August 2007. The home did not pass inspection until mid February 2008 due to owner not making necessary repairs and technically was un-inhabitable but I made on time monthly payments. In March I noticed a large crack in the basement wall that was painted over and water leaked into the basement with each rain. I immediately notified the owner via email and he promised to have a professional waterproofing company come to make repairs yet he never called back. After a week of heavy rains in May, the entire basement flooded. I notified the owner again he sent a carpenter out to home to install a sump pump. The carpenter dug a hole in the basement 3x times the size needeed to install the sump pump, left and never came back to finish the repairs. For almost a month now, the hole has been in the basement and the owner wont fix correctly. Estimated repair costs $5000+. I don't want to purchase home can I get deposit back?