Lease Purchase Options Boost Real Estate Recovery in Lake Charles, LA

By
Real Estate Agent with Marilyn Boudreaux, Century 21 Mike D. Bono & Co.'s
http://actvra.in/gxL


LEASE PURCHASE

I just negotiated a lease/purchase on one of my listings in Lake Charles, LA.  Lease/Purchases can be handled many different ways.

In my recent transaction, the buyer was not in a situation to purchase the home and close in 30 days so the seller was open to negotiating a lease purchase.  In instances like this a Lease is drawn up and executed for a certain period of time with all terms being negotiated between Lessor and Lessee.  The REALTOR enters into the picture  when it becomes time to execute the purchase contract.  It is easy if you can complete all the paperwork at one time.

 

 

One of the stipulations in the lease/purchase I just completed was that the buyer go ahead and complete the buyer's home inspection.  The inspection and repair outcome was completed up front and negotiated between the Lessor and the Lessee. When the time comes to purchase the home, several months from now, the home inspection period is done and all that needs to be obtained is the buyer's financing.  The lease and inspection are attached as addendums to the Purchase Contract.  Everything is executed all at one time including obtaining the deposit check  which is held in escrow by the listing Broker until time of closing.

Lease Purchase is just another way that Real Estate Recovery is alive and well in Lake Charles contributing to a healthy and stable real estate market.

If you have questions  or want to learn more about the Lake Charles Real Estate market you will find helpful content pertaining to Lake Charles, the Lake Charles real estate market, buyer and seller tips on my Lake Charles Real Estate and Homes for Sale website.

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For more information on Lake Charles Real Estate, visit my website.  You can search homes for sale in Lake Charles, Louisiana,  and view up to date information on Lake Charles Subdivisions, Neighborhoods

Find Lake Charles Realtor Marilyn Boudreaux Century 21 Mike D. Bono & Co.'s on Google+

If you are planning a move to or from the Lake Charles, LA area, I can help!   I am a full time Realtor licensed by the Louisiana Real Estate Commission and am affiliated with:


Century 21 Mike D. Bono & Co.'s

4410 Nelson Road, Lake Charles, LA, 70605 USA

337-478-1578 or 337-499-9592

CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC. An Equal Opportunity Company. Equal housing Opportunity. Each office is independently owned and operated.  The information contained in this blog is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the author of this blog, and its comments are not warranted or implied representation of it's accuracy,  All information is copywritten and the property of the Author, Marilyn Boudreaux.  

 

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Topic:
Home Buying
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Louisiana Calcasieu Parish Lake Charles
Groups:
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real estate recovery
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Hi Marylin,

Excellent way to show a great and innovative way for people to either enter the market and for sellers to sell their property.

Until the banks and lenders get their act together this is a very good way to bridge times of uncertainty and create oppotunities and real estate recovery in Lake Charles.

This is how you as the professional really make a big difference in offering solutions where others may see a brick wall.....

Jul 29, 2011 01:36 PM #1
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Hi Marilyn - lease options are a good part of real estate recovery for Lake Charles - can be a great solution when a buyer finds a home that he is ready, willing, but not quite able to buy.  Negotiating the repairs right away is just smart.  I will add that to my list.

Jul 31, 2011 07:18 PM #2
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