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Updated almost 11 years ago,
Lease/Option
I have a 5 year lease option on a home with little or no equity. My option price will be the balance of the mortgage at the time I option the home. I have the ability to sublet and sell my option. My question is what is the option amount I could expect from an end user. The home is worth between 130-140 thousand, and I plan to offer the end user a lease term equal to mine, 5 years, and purchase price between 150 and 160 thousand.