Lease option has different names, lease purchase, rent to own, or right to buy lease. They basically talk the same thing. In my previous blog, I wrote about the definition of lease option and the benefits for both seller and homebuyer. Here is an example of lease option or rent to own (lease purchase).

You have a home with 3 bedrooms and 2.5 baths in very good condition. It is worth $200,000. Your loan balance is $170,000 or whatever. The monthly PITI payment is $1290. The monthly rental for the similar houses in the same neighborhood is $1500/month or a little bit higher.

You market your house as lease option like this: Read more

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