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rening with an option to purchse

Started by dmf13
about 17 years ago
Posts: 150
Member since: Feb 2008
Discussion about
How does it work? Is there a benfit to potential buyers in using this option now?
Response by ClintonB
about 17 years ago
Posts: 128
Member since: Sep 2008

No not in a declining market, just means that the seller won't take a cut because he won't be feeling the pain of a unit sitting on the market unsold and without cash flow. Plus if you want to buy, means you fell in love and the owner will take advantage. Do not do this.

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Response by NYRENewbie
about 17 years ago
Posts: 591
Member since: Mar 2008

Doesn't it let you "test drive" the apartment, the neighbors, and the neighborhood?

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Response by ClintonB
about 17 years ago
Posts: 128
Member since: Sep 2008

yes it does

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Response by alpine292
about 17 years ago
Posts: 2771
Member since: Jun 2008

Rent to Own: When a delusional seller meets an unqualified buyer.

Oh, and from experience, 99% of these transactions never yield a sale.

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Response by ClintonB
about 17 years ago
Posts: 128
Member since: Sep 2008

that's probably an accurate characterization

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