Some agreements will allow the prospective buyer to transfer the purchase option, along with the purchase credits, to another party. However, lenders are more restrictive about allowing such transfers.
At the very least, transferring the option still offers the eventual buyer the benefit of a fixed price that should take advantage of any inflationary pressures.
By selling the option, you the renter obtain money immediately. The person buying your purchase option can exercise the option at any time. The option sale will often require the renter to assist the buyer in successfully closing the eventual purchase.
It may be more advisable to bring on a co-borrower, if necessary, to assist you in purchasing the loan. Once the property is purchased, you can make subsequent arrangements about final ownership of the property. You can sell your ownership interests to your co-borrower, or you can both sell the property outright for a quick profit.
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