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"100% of your 1st year's rent will be applied to your down payment if you decide to buy" Is this a good deal?

Sellers are trying new things to move properties. If the price is good already, is this a good deal? (p.s. I am the seller! I want to attract buyers but cannot bottom out the price, it's already below the comps which also aren't moving)...

Yes, using a 100% credit on a lease option can be a good way to move your property. You just have to be careful about who you put in there and make sure they will be able to qualify at some point to purchase it.

And keep in mind that by the end of 2008 your house is going to be worth 6-10% less than what it's worth right now. Make sure you have the wiggle room in your equity at the end of 08 to make good on the offer.

This can be a win win deal for the buyer and the seller if structured properly and the language of the contract will accomplish what you want it to accomplish.

I recommend that you have an attorney who specializes in real estate law write the contract for you and that you have a real estate appraiser who is a Member of the Appraisal Institute determine your fair market value for you.

Sounds like a great deal if your the buyer. But because you are the seller you'll need to know if they are going to be able to get financing when the year is up.

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