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If you are currently renting your condominium or small residential building from a private owner, ask if the current owner is considering a possible sale of the property in the near future.

If the seller is interested, try to negotiate a lease with purchase option. Give yourself a outlet by establishing refundable rent credits. Thus, if you decide to back out of the purchase, you will not lose any money. However, if you do decide to exercise your purchase option, you will have fixed the price at an earlier rate.

What do you have to lose? Consider what you have to gain.

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What You Need to Know About Real Estate

What You Need to Know About Real Estate

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