Newport Beach Lease Option Homes For Sale

Posted by Sam Smith on Monday, February 28th, 2022 at 12:12pm.

One of the latest trends in real estate is looking at various places to find homes for sale that are currently not on the market for sale.  With the very low inventory of homes buyers are now staring to look at current rental properties as an avenue to see if those owners would consider selling their home.  We have found this an excellent way to find some properties where the owners might consider selling but it's important to keep a couple things in mind.  Owners of these rental properties may consider selling but since the home is not on the open market they often will want a premium in price to entice them to sell.  Also, if the property is already tenant occupied then the new buyer may have to assume that tenant and be in charge of renting it to them until there lease expires.

For those looking to lease a home first and the eventually buy then finding a lease option home makes the most sense.  In this kind of market the number of owners willing to do this is lower than in a down market but there are still some owners out there that would entertain this.  How this typically works is that a portion of the rent is counted towards the down payment of the home and at a certain time during the lease the tenant can exercise to buy the home.  The price can either be negotiated up front or be determine once the tenant decides to purchase the home.  Since real estate prices keep continue to go up it would be hard to find an owner that would be willing to set a price up front but it never hurts to try.  We were able to find several rental properties in the Newport Beach area that would also consider selling and are listed below.  Please contact our professional Newport Beach Real Estate agents at 949-444-1901 to help located the ideal home for you.

23 Pelican Vista Drive, Newport Beach

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