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Lease Option !!! I need some help please / advice ..

February 14th, 2013 | posted by Simo1969

I have this opportunity for a Lease Option,I checked and Appraise the house, and the owner is asking for $40 k less than what was appraised so that's really good,
But I never done a Lease Option, and don't really know how to negotiate the terms, also maybe someone can give me some good advice.. like what do you consider a good deal ?, also if he does not agree with Subleasing I should not do the deal ?

Please help , I really appreciate any help Smiling

Thank you

-Simona

On 23:32pm, February 14th, 2013 kareng said:

Simona

kareng's picture

When you say "owner is asking for $40k less than what was appraised", what exactly are you meaning by that?

Did the owner tell you this? When was it appraised, etc? Just want to know when and where the numbers are coming from so we can try to keep you safe.

Karen

On 17:38pm, February 18th, 2013 Simo1969 said:

Thank you for reply on this

Simo1969's picture

No, the owner did not say that, I went on Trulia.com and compare other properties same size, same condition, same location, the other properties sold just last year for $219K,and his asking $160K and this one was way less than the rest, I asked the owner when was last appraised and he said last year in 2012 for $205K, when he put it up for sale.

What do you think ?

Thank you Karen