Lease Options Now Available to Laguna Beach CA Home Buyers
05/03/2011

Lease Options are now available to Laguna Beach home buyers looking to lease homes with an option to purchase at a later date. It wasn't just a couple of years ago that doing a lease option in Laguna Beach was practically unheard of and no sellers were willing to entertain the thought of doing a lease option. Now with the market changing, more and more sellers are willing to lease their homes out to a potential buyer who prefers to do a lease option instead of a standard purchase.

Online PR News – 03-May-2011 – – Lease Options are now available to Laguna Beach home buyers looking to lease homes with an option to purchase at a later date. It wasn't just a couple of years ago that doing a lease option in Laguna Beach was practically unheard of and no sellers were willing to entertain the thought of doing a lease option. Now with the market changing, more and more sellers are willing to lease their homes out to a potential buyer who prefers to do a lease option instead of a standard purchase.

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What is a lease option? A lease option is when you want to lease a home that you are interested in purchasing. Instead of doing a standard purchase, you decide to rent the property out first. When the rental contract is drafted you also draft a purchase agreement for the purchase of the property. The price is negotiated now for the purchase at a later date. A portion of your rent will then go towards the down payment which makes the home buying process a lot easier at the end of the lease. An "Option Agreement" is also drafted to tie the Purchase Agreement and the Rental Agreement together. Typically, there will be an option money that would need to be put up in order to have the "option" to purchase the property at the end of the lease. This option money is typically non-refundable but everything is always up for negotiations.

The Laguna Beach Real Estate market is one of the most desirable markets in California and has always had a very high entry level pricing for buying a home. Now, with the current economic housing state we are seeing prices come down 50% compared to just five years ago. This is a great time to buy at a low price and have the ability to rent the place that you may eventually end up buying. Laguna Beach Short Sales are also another way to buy Laguna Beach homes at a discount price. We always recommend working with a local Laguna Beach Real Estate Agent who understands the local Laguna Beach Real Estate market and can explain lease option and short sale process.

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