information on the rules on lease uption to buy my home?
i need help on lease uption to buy.?
i need a lot of expertise on real estate. my wife and i own and home in michigan, and we have and buyer, but the buy like to go "lease uption to buy." what i like to know what is the rules and the law and what is my responablilty here. but i live in las vegas, please explain, what will you due. yes! i due have and realture that sale my home, but i like to know also what does he get out of it. i need someone who is in realestate law and know what they are doing, please help out with al ot of question and answer, asap, thank you!
He gets whatever your listing agreement you signed with him states he gets. Here…we don’t get paid un til the purchase is complete. We handle lease purchases like a rental and then a purchase and our listing agreements state we get 1 months rent when the leasee gives his deposit and rent up front and then we get our full commission when the purchase is complete. If your buyer is leasing for 1 year and has a 1 year balloon or 1 year to secure a mortgage then that is when our agents get paid. Check your listing agreement. Good luck!
Hi.. Just check http://www.terabitz.com . It gives all information related to your home. u will get solution from this web portal
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He gets whatever your listing agreement you signed with him states he gets. Here…we don’t get paid un til the purchase is complete. We handle lease purchases like a rental and then a purchase and our listing agreements state we get 1 months rent when the leasee gives his deposit and rent up front and then we get our full commission when the purchase is complete. If your buyer is leasing for 1 year and has a 1 year balloon or 1 year to secure a mortgage then that is when our agents get paid. Check your listing agreement. Good luck!
References :