Why does the lease option work in an unstable real estate market?
Buyer and sellers are stuck. They don’t want to move on until the market stabilizes, but life goes on and their housing needs change. The lease option allows a seller to get out from under payment while the buyer decides whether to buy the property. The buyer needs new housing too, but is concerned about pricing and loans. With the lease option, the Buyer moves into his new home without yet committing to a purchase but with the absolute right to purchase.
