 Length of option agreement for a CA |
|
  |
| Length of option agreement for a CA |
 Jan 30 2010, 10:22 AM
Post
#1
|
|
|
Newbie  Group: Members Posts: 35 Joined: 2-October 09 Member No.: 7963  |
Hi everyone,
Back again with another q. What is the length of time you typically ask for from the seller for the option agreement when you are going to do a CA? Do you ask for a 2 year option agreement? And of course i know to just have the residential lease be for 1 year. Wanted to give the t/b's enough time to be able to purchase the home so i thought a 2 year option would be good. Any thoughts? Thanks, Rosanna |
 |
 
|
|
Jan 30 2010, 10:43 AM
Post
#2
|
|
 Makes a mean Lasagne! Group: Admin Posts: 8972 Joined: 17-December 02 From: South Florida Member No.: 1 |
Rosanna, from a t/b's perspective, longer is always better. But most homeowner's are agreeable to a 12 month deal. That's what I stick with generally, but you should always ask if they are open to a longer term lease, emphasizing that it makes their property more desirable and marketable.
|
|
|
|
|
Feb 1 2010, 12:28 PM
Post
#3
|
|
|
Newbie Group: Members Posts: 35 Joined: 2-October 09 Member No.: 7963 |
QUOTE (MichaelC @ Jan 30 2010, 10:43 AM)  Rosanna, from a t/b's perspective, longer is always better. But most homeowner's are agreeable to a 12 month deal. That's what I stick with generally, but you should always ask if they are open to a longer term lease, emphasizing that it makes their property more desirable and marketable. Thanks Michael! |
|
|
|
|
Feb 17 2010, 02:39 PM
Post
#4
|
|
 Dominatrix Option Raider Group: Members Posts: 1076 Joined: 28-September 04 Member No.: 711 |
Rosanna,
My experience with most FRBO is that they prefer a longer lease (up to 5 yrs). BEV! |
|
|
|
|
Feb 17 2010, 05:26 PM
Post
#5
|
|
|
Calling AND Marketing Group: Members Posts: 82 Joined: 23-February 09 Member No.: 7694 |
Ask for as long as you can, then back down if you have too.
Lynn (FL) |
|
|
|
|
Feb 18 2010, 06:46 AM
Post
#6
|
|
|
Wheelin' and Dealin' Group: Members Posts: 240 Joined: 19-October 07 Member No.: 4860 |
QUOTE (BEV! @ Feb 17 2010, 01:39 PM) My experience with most FRBO is that they prefer a longer lease (up to 5 yrs). Wow! How much extra are you getting from the t/b for such great terms? |
|
|
|
|
| Lo-Fi Version | Time is now: 6th September 2010 - 05:39 PM |
