Lease optioning
Some people save up for a long time to buy the chosen house of their dreams. But because most sellers out there are rarely forgiving and are eager to close their jaws on the cold hard cash, they miss out on the house they wish to buy. A lease option provides good flexibility. The buyer could take the house on a “test driveâ€, paying rent for 1 month along with an additional 2%, for example, of the house’ price so that he has a reservation on the house itself. Also, this gives the buyer an opportunity not only to be ensured a guaranteed purchase of the house but also the chance to check whether the house is worth living in.