Dallas Texas Lease Option www.ok8888.com

Lease Option
Lease Option is the act of controlling a property versus owning a property. You may not have money for a down payment or the credit rating to secure a loan.To understand the phrase "Lease Option;' simply break it apart. The first half is the "Lease” which is a contract wherein a landlord gives a tenant the right of use and possession of property for a limited period of time in return for rent. The second half is the "Option” which is a legal right or contract whereby a property owner sells a right to purchase his or her property to a prospective buyer at a pre-determined price.
People have been using this concept for decades. It has been called many different names such as layaway or rain check. People will put a small amount of money down to have the item or items held for them. They then make set payments for a designated time until they are able to take possession or full ownership. For those who do not know how to save, there are others who provide ways for them to have what they seek, commonly referred to as "renting or leasing.
The concept has developed so that today we now have the capability to have full use of things while we are still paying for them. We have installment sales and buying on credit. We have harnessed a way to join all of the sell, rent, use, and own process to benefit us. For years now it has been a common practice for consumers to lease automobiles for personal and company use, light and heavy machinery, and equipment. One can even rent or lease the tools needed to repair his or her car!
With the ever-changing face of real estate it was only natural for this concept to find its way into the market to help with frustrated sellers and buyers with less than optimal credit and money. It has become a viable concept in real estate to help all parties accomplish their objectives.
Lease Option is so simple that an agreement can be reached within hours. Plain language and forms can be used and transactions are easily structured so that everyone wins. Lease Option is a unique financing method providing alternatives to conventional lending and funding. It is the answer to the concept of nothing down. It is frequently negotiated profitably for all parties, and at times at a higher price yet still enabling the buyer a future profit.
If you need more information or planning buying or selling real estate in Dallas Texas do not hastate to contact me. www.ok8888.com (214) 682-8888 cell