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