Lease with option
I'm surprised that you don't see more lease with option to buy on resales in TV. It seems to make sense that many people who resell in TV are heading back to their northern family home. You would think that instead of letting a property sit unsold for months and months that they would try to sell with an option thereby at least getting monthly income plus an agreed upon sales price should the lessee convert the option.
I would think many sellers don't need the current influx of cash and would welcome the monthly income while still maintaining ownership of the house.
Personally I think there are many buyers like me who might consider something like this while our northern homes sit and we wait to put them on the market for sale. We could just rent but it would be nice to find a home that we'd like to live and in and give it a try-out before committing.
Russ
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