Hi
We have a person who wants to rent the house on a 3 yr lease but only after we sign a purchase option contract so that at the end of 3 yrs they have the option of buying the home. Right now I am open to selling the home at the right price 3 years down the road however no one knows the future. What if things happen in life that I need to sell it in 1 yr or after 3 yrs I dont want to sell it.
Has anyone ever dealt with a purchase option contract? if So would really appreciate it if you could shed some light on the same.
I would appreciate facts on the matter too if possible pls.
Thanks
Regards
We have a person who wants to rent the house on a 3 yr lease but only after we sign a purchase option contract so that at the end of 3 yrs they have the option of buying the home. Right now I am open to selling the home at the right price 3 years down the road however no one knows the future. What if things happen in life that I need to sell it in 1 yr or after 3 yrs I dont want to sell it.
Has anyone ever dealt with a purchase option contract? if So would really appreciate it if you could shed some light on the same.
I would appreciate facts on the matter too if possible pls.
Thanks
Regards