The Archives
-
06.04.08Lease-purchase goes mainstreamRecently, in the Atlanta Journal and Constitution: The suggestion is offered at the beginning or tacked onto the end of ads for resale homes and is even being used to lure buyers into new neighborhoods from intown to the suburbs: "Rent to own. Will consider lease-purchase." Individual sellers seeking to unload a mortgage payment and developers with an oversupply of new homes are offering the arrangements. Some sellers say mentioning the possibility of lease-purchase or lease-option results in more showings, and ultimately, a deal. "If you can match a seller who wants to sell with a buyer who wants to buy, it really ...