In a rising market, you freeze the purchase price at the start of the lease.
(e.g., Ballard, Capitol Hill, West Seattle) Timeframe (e.g., looking to buy in 1 year vs. 3 years) lease option to buy seattle
The agreement typically consists of two parts: a standard lease and an option contract. The tenant pays an upfront "option fee," which is usually non-refundable but applied toward the down payment if they buy the home. During the lease term, a portion of the monthly rent may also be credited toward the eventual purchase price. This period allows the buyer to lock in a price today while saving for a mortgage. Benefits in the Seattle Market In a rising market, you freeze the purchase