REAL ESTATE FAQ'S

What is a 'lease purchase'?

 

A lease purchase is a two-portion contract.  You agree to buy the house after a period of time where you live in the property, agree on a purchase price, and deposits, with a secondary contract that addresses the terms of the 'lease' period.

Is it a good way to buy? 

It depends on what your goals are.  To find a seller who offers their Albuquerque home for sale as a lease purchase narrows your choices.  Also, you might lose your deposit if you don't close on the property according to the terms of the purchase agreement.

For more in-depth information about this type of purchase, or for any other question that you might have, either contact me directly, or simply post your question below.

I look forward to assisting you!