If you have been thinking about buying Santa Clarita real estate and you are uncertain whether or not you will be able to acquire a home loan, perhaps a lease option is the road to go down. A lease option is a lease with an option to buy. As the buyer you can rent a Santa Clarita home with a clause in the lease that allows you to buy the home within a certain amount of time.
A lease option does not bind the renter to purchase a property but gives a choice should he want to buy the Santa Clarita property within the term of the lease. For those who don’t have a down payment and need a little more time a lease option can buy that time. Another bonus is that over time a home could appreciate in value but the agreed upon price stays set.
In today’s difficult lending market a lease option can be a creative way for a buyer to get into a home. Contact us today to learn more about Santa Clarita real estate, lending options, and the buying process.
Contact us at Remax Santa Clarita today to learn more about Santa Clarita real estate, as well as to have free access to the Santa Clarita MLS and all Santa Clarita properties that are currently listed for sale.