What is a ‘lease purchase’?
A lease purchase is a two-portion contract. You agree to buy the house after a period of time where you live in the property, agree on a purchase price, and deposits, with a secondary contract that addresses the terms of the ‘lease’ period.
Is it a good way to buy?
It depends on what your goals are. To find a seller who offers their Albuquerque home for sale as a lease purchase narrows your choices. Also, you might lose your deposit if you don’t close on the property according to the terms of the purchase agreement.
For more in-depth information about this type of purchase, or for any other question that you might have, either contact me directly, or simply post your question below.
I look forward to assisting you!
Linda DeVlieg Killman
Let me, an Albuquerque real estate broker, help you find your dream home or sell your current home - with a personalized marketing program set up for your needs and expectations. I want to be your first source for real estate information and I am the number one Internet real estate expert in Albuquerque. Specializing in all Albuquerque neighborhoods and the beautiful area of Chama Valley in Northern New Mexico. Contact me today to get started!
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