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September 5, 2008, Newsletter Issue #97: Changes In The Housing Market
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Tip of the Week
One of the major concerns and problems with the lease to buy option is that the housing market can do a lot of changing in a year while the tenant is earning credits to buy the house. At the end of the lease to buy agreement, if the housing market is swift and a sellers market the seller may regret selling the home at a lower price. The value of the house may not be the same when the tenant tries to buy the home after the lease is up. If the housing market is doing bad, the tenant may lose money. If the housing market is doing good, the home maybe worth more then the agreed price and the tenant may have the chance to make some money.
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