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 Knowledge Is Key


Knowledge Is Key To Buying and Selling Real Estate

By Attorney Miriam L. Sumpter Richard

Date: September 15, 2005

 

LEASE OPTION!

It is the simplest form of buying property at a set, predetermined price. This is a great technique, if you have no money for the down payment. A lease option gives you an opportunity to enter into a contract with the seller where you would continue to pay rent, but a portion of your rent payment will be credited to a predetermined purchase price. Thus a down payment is not required.

 


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