You might assume I’d say “buy” of course, since I’m in the business of selling homes. Well, you know what happens when you assume! Break the word down and you see what happens to U and Me. When a client comes to me and says they want to lease, there’s usually a good reason. Such was the case just a few weeks ago. Donald and his family are moving here from Georgia. His home in Georgia hasn’t sold yet and he’s unfamiliar with the Edmond area. A bridge loan would require that he qualify to own two homes at the same time, if he were to buy while his previous home is still on the market. He had only a few days to find a home so that his family could join him here. As a young businessman with a family of five, relocating to a new city, new job and finding new schools for their children, the prospect of locating and purchasing a semi-permanent home proved too stressful for the couple. Not to mention that his wife wanted to assist in the decision-making of the home they’ll eventually purchase and she’s still in Georgia. Oh, and Christmas is one week away! A lease is a good option for Donald’s family at this point.
After striking out with the home we thought was the perfect lease home for them, (it was rented to someone else when we called to sign paperwork) so we went back to the drawing board. Even though the first one got away, the best home awaited them! We found a beautiful rental home that suited them “for now” and negotiated the right LEASE terms for them! Come Fall, the Denards will be in a more comfortable position to purchase their next home. Sometimes, leasing has it’s priviledge.