Posted by db on January 04, 2006 at 10:16:42:
There’s no explaining, you hit it right on the head. It is extremely difficult (in my experience) to find a homeowner who will sell on a lease option, especially if the home is their primary/only residence. They need money out of their home to purchase a new one or rent and in many cases they are fed up with the house and want to completely wash their hands of it, they don’t want to be associated with it in any way. Your best bet is to find a tired landlord who is willing and able to sell this way, or, if the seller is motivated enough, negotiate a substantial discount and buy outright. But, like anything else, it can be done. That being said, SELLING on a lease option is much easier. Your list of potential buyers increases greatly.