Why Do SELLERS Agree to LEASE OPTIONS Contracts?

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Doing lease options is a great strategy to make money and help sellers in great distress take the properties off their hands. These sellers have been waiting long and they gotta move on with their life, and lease options will help them do that without bringing the value of their property down!

Watch this video to learn more about lease options, how they work, and why sellers agree to lease options contracts!

Key Talking Points of the Episode

[00:00] Introduction
[00:30] Why would a seller agree to a lease option contract?
[01:20] What do we offer sellers when we give them lease options?
[02:01] How do lease options help sellers?

Quotables

“The seller wants enchiladas. For sale by owner, they stick the sign in the yard, they’re gonna get full-price for the property because it’s a seller’s market!”

“So they put the sign in the yard because they want enchiladas, and they’re waiting, two weeks later there are no enchiladas. Three weeks go by, four weeks go by, they’re looking around and there are no enchiladas coming.”

“They’re getting hungrier because now the wife’s inside, starting to pack up the boxes because they gotta move to Tennessee or wherever, and there are no enchiladas coming!”

“They may say “No, I’m gonna wait on enchiladas, I am standing my ground”, but in a week, two weeks, and enchiladas still aren’t coming, they call me back and say tell me more about those fajitas.”

“They gotta move on with their life. They gotta move or the house is already vacant - something’s gotta happen here.”

“This stops the bleeding but it also gets somebody in the house that’s gonna take care of the repairs, get a home warranty, everything’s taken care of, and this is not a dead-beat renter. This is somebody who wants to buy the house, they have skin in the game.”
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