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    We find that even though many Roanoke Buyers are interested in Rent To Own transactions most do not fully understand the transactions at first, not to mention how to tell if it is structured properly.  Here we will discuss the basic structures of a Rent To Own / Lease Option transaction so you know what to look for when buying your next home. Definitions: Lease – A contractual agreement between the Lessor/”landlord” and a Lessee/”Tenant” Option — An option is the right to convey a piece of property.  The person granting the Option is called the optionor (or more usually, the grantor) and the person who has the benefit of the option is called the optionee (or more usually, the beneficiary). Lease With Option To Purchase — This type of transaction consists of a Lease for a specific time as well as a SEPARATE Option for the same …

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The 2nd Annual Roanoke MSA Real Estate Market Statistics Presentation is Here! In November 2011, after careful consideration of 6 Appalachian cities, I chose Roanoke, VA to be my new home and place of business.  I decided to start a real estate business just weeks after being dropped into a market I knew nothing about.  So, being the analytical guy I am I decided to pull all of the data I could get and quickly learn the market.  I pulled a list of closed transactions from RVAR MLS and Roanoke City GIS to get started.  After several hours of excel work I realized I had created a pretty good summary of the market that painted a clear picture. In January 2012 I was invited to present my findings to the Real Estate Investors Group of Roanoke so I pulled together a presentation to share what I had learned. Some of …

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