Why would somebody sell on a lease option?
The type of seller that you looking for is somebody that needs to sell quickly and the type of seller that is more concerned about selling his house than achieving the highest possible price for it.
These types of sellers are called 'Motivated Sellers'.
Motivated Sellers are much more flexible than conventional sellers.
The 10 biggest reasons or motivations why somebody (a motivated seller) would sell you their property using lease options are:
1) Emigrating abroad
2) Relocating to another part of the country, i.e. job move
3) Vendors facing repossession
4) Divorce/Separation
5) Death in family
6) Unable to afford to meet monthly mortgage payments
7) Unable to afford to meet monthly loan payments
8) Vendors may owe more on the mortgage than their property is worth
9) Downsizing/Upsizing
10) Unable to sell property on the open market for whatever reason
The above are the most common reasons why sellers sell and many of these are motivated sellers that I come in to contact with every single day!
It's important for you, the investor to understand why a seller is selling. What's got them selling their property?
Once you know this, you will know what their problem is and you can help them solve it!
Motivated sellers are essentially people with problems and if you can solve their problems you will end up buying a house by default - using a lease option - without getting a mortgage, without a huge deposit and without a lot of risk.
Amandeep Sandhu is a UK (London based) property investor specialising in acquiring property using no money down strategies. Amandeep has written a home study programme titled "Secrets of Investing in Property without Money, Mortgages and Risk".
To find out how you can learn the secrets of investing in property without money, mortgages and risk, visit http://www.leaseoptionprofits.co.uk
Article Source: http://EzineArticles.com/?expert=Aman_Sandhu
