Friday, February 03, 2006

Sold Lease Option


I used to think I would want the house back that I sold on a two year lease option a year ago. We designed it and had it built. It is a beautiful house in a great location but the people we sold it to smoke. I don't want to have to spend the money to try and reverse the damage they have done to it. Instead I just want them to cash me out and be done with it. I spoke to the buyer/renter last month and he said he was already working with a lender. I am excited because it would be nice to have that off of my credit and to get the equity out that I have tied to it. A big lesson I learned on this one is that it doesn't matter how desperate I may be to sell a house, it is worth the wait to not lease to smokers.

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