Lease Option, How Do You Set The Price?

How do you make sure you dont price it to high that in a year the appraiser comes in and says the place is not worth that much? Do Appraisers usually approve unless it is to crazy of a price? I have been thinking about buying a place for $45,000 and selling it for $55,000 to a rent/buyer in a year. The place is out in the country and has been on the market for a long time and the price has been reduced many times. Is it a good idea to buy a place that has had a hard time selling and then selling it lease /option at market price becuase places sell faster with a lease/option?

Comments(2)

  • RVATX26th April, 2004

    Heyshid,

    I have an application that can hep you determine or structures the LO deal for you. Send me an email and I will email to you.

    RVATX
    [addsig]

  • jfoley26th April, 2004

    You could always make the price contigent on new apprasisal a year from the contract date. Or you could price it high and make the buyers come in with the difference b/t purchase price and appraised price.

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