Desperate for advice. I 'bought' a house on a lease option agr
Posted 24 September 2016 - 08:01 AM
- Kylejchadwick likes this
Posted 25 September 2016 - 06:41 PM
First, my apology for not replying sooner. I was out of town for a few days of R&R.
OK. If I understand correctly, you have a six year lease option? First question, when does your option to purchase expire?
Posted 25 September 2016 - 07:20 PM
Posted 25 September 2016 - 08:55 PM
No expiration date? Then unfortunately the contract isn't valid.
That said, if the homeowner is willing to honor your original purchase price, the first thing I suggest you do is get in writing the agreed to purchase price and the expiration date. Once those are in place we can look at your exit strategies. But without them you have no agreement of any kind.
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