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Updated about 8 years ago on . Most recent reply

User Stats

13
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0
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Andy Lesko
  • Investor
  • Phoenix, AZ
0
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13
Posts

Lease Option Help Needed

Andy Lesko
  • Investor
  • Phoenix, AZ
Posted

I have a SFH in Scottsdale, AZ that is just about break-even every month and am evaluating my exit strategy. I have GREAT tenants (husband, wife, one son) who have been there for 3 years. They have been on the fence about purchasing their own home for 2 years, and have approached me about buying my home, which I've said "Give me an offer!" They haven't followed up.

Would a lease option be a good win-win solution? What are the going rates for a lease option fee for a ~$350k home? I figure I could save the 6% agent fees, which is a huge savings.

What else should I be thinking about?

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