i need help on lease uption to buy.?
i need a lot of expertise on real estate. my wife and i own and home in michigan, and we have and buyer, but the buy like to go "lease uption to buy." what i like to know what is the rules and the law and what is my responablilty here. but i live in las vegas, please explain, what will you due. yes! i due have and realture that sale my home, but i like to know also what does he get out of it. i need someone who is in realestate law and know what they are doing, please help out with al ot of question and answer, asap, thank you!
Kevin_Anderson said:
Jun 21, 09 at 8:04 amHi.. Just check http://www.terabitz.com . It gives all information related to your home. u will get solution from this web portal
RealtorV said:
Jun 21, 09 at 8:23 pmHe gets whatever your listing agreement you signed with him states he gets. Here…we don’t get paid un til the purchase is complete. We handle lease purchases like a rental and then a purchase and our listing agreements state we get 1 months rent when the leasee gives his deposit and rent up front and then we get our full commission when the purchase is complete. If your buyer is leasing for 1 year and has a 1 year balloon or 1 year to secure a mortgage then that is when our agents get paid. Check your listing agreement. Good luck!