A Money Crasher’s reader sent me an email the other day with this question, so I thought that I would share my opinion with all of you.
Are lease-purchase homes a good idea? I recently heard of them, and I am wondering if that would be a good option for us.
It all depends on the situation, how committed you are to actually purchasing the house, and the terms of the agreement. I wish that I could just say a simple “yes” or “no” to the question of whether leases with the option to buy are a good idea, but like everything else in life, it’s complicated. Here are some advantages and disadvantages to leasing a house with the option to buy.