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Help with Lease Options

We have been offered full asking price, but the gentleman wants to take over financial responsible with the option to buy in 6 years as the current price. But I am unsure how secure this is, apparently he wants add an extra bedroom and got someone in mind to rent it out, but what happens if he doesn't keep up with mortgage payments or goes bankrupt or the work he does is rough. I need to know about all this and whether we will get our fingers burnt. We need to sell sooner rather than later due to ill health but I don't want to lose out in the long run

Asked on Jul 13 2011, Selling in Spalding | Report content

Answers (1)

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  • I would consider a different route, contact us and we will be able to give you a clear cut price on the property which we will sell to one of our investors and then your responsibility will off the house no matter then what happens to it.

    Answered on Jul 14 2011, Report content

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