Lease Option Contract

Hey Guys, I'm trying to sell my house FSBO, its only been 2 weeks so I'm not worried. However, I've received an offer for a Lease Option Contract and I cant decide if I like it or not. If anyone has done this and had any good or bad experiences can you post them up here to help me make a better informed decision. Thanks!

 

Seems like it would complicate things later... I'd rather sell flat out and walk away... but that's just me

 

sell it flat out out.... or they'll be nitpicking the contract later...

 

Yea after to talking to more people it seems the cons outweigh the benefits, and that only a very small percentage actually buy afterword. Thanks.

 

Yes, these are only good if you are not dead set on selling. You become a landlord vs. a seller; and the way a lot of these are structured, the buyer pays so little up front until they can prove to the bank they are credit worthy, their payment doubles (taxes, ins., etc.) when they actually go to buy and pull out.

 

good luck selling

 

Thank you!