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The Risks of 'For Sale by Owner' and 'Lease-Purchase' Agreements


lease option lease purchase for sale by owner
If you're thinking about selling your home, you might be entertaining two outside-of-the-box ideas: listing your home FSBO (for sale by owner) or renting out your home on a lease-purchase (or lease-option) agreement.

But both of these options are more complicated than meets the eye.

In this article, we'll walk through the nuances of both of these choices to explain some of the risks that you may not have considered.

In fairness, we'll also elaborate on the benefits, too, and give you tips if you're considering making a move in one of these directions.

The Risks of FSBO

At first glance, selling your house yourself seems like a money-saving idea. After all, you won’t...

I’m Worried My House Might Not Appraise

house appraisalAre you selling your home?

Home sellers have plenty of concerns, including pricing, inspections, renovations and staging. The last thing sellers should need to worry about is the appraisal.

Unfortunately, many sellers are robbed of sleep by the threat of receiving a property appraisal that undermines your contract price.

And sellers are right to worry about this, because appraising a house is as much art as science (actually mathematics).

But if you’ve set a realistic price – a good real estate agent can help you there -- you should be able to receive an appraisal that helps seal the deal.

To ease your concerns, let's chat about a few appraisal basics, including:

  • What's an appraisal?
  • Can you influence...
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