what is a lease purchase - murfreesboro tennessee real estate

In this edition of Tuesday Morning Coffee John explains lease purchases. Covering both the origination of the lease purchase (or lease option) and how it works. Are you a buyer or seller in the Murfreesboro Tennessee area considering the sale or purchase of a home but can't qualify for a mortgage right now? Are you a seller who needs to get out from under your mortgage payments quick but need top dollar for your home? A lease purchase may be an option for you.