When Renters Buy: The Lease Option Route
Posted by Bill Mann on
When you have survived a career loss or made it through a foreclosure, it can take a while before you have picked yourself up and dusted yourself off. At that point, you may have been momentarily relieved to find that you have a lot of company. Nevertheless, sooner or later, it’s time to bounce back.
One of the universal hurdles almost everyone in this position faces is how to go about stepping up to secure their next home. One of our Rehoboth Beach rentals is always a choice, but for many, an unsatisfying one. As always in any other than boom times, cash is king -- and if you don’t have it, your options are limited. Today’s would-be buyers who lack funds for a down payment (or have a credit deficit) do sometimes have another alternative: a lease…
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