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| | Realty Times - Real Estate News and Advice |
 | | For the first time since 1992, there are more new homes than there are buyers, according to a recent release by Irvine, CA-based The Meyers Group, a real estate consulting and information service. |
 | | Options typically include a potential buyer, the lessee, who pays rent to the home owner, the lessor, who wants to sell the home. |
 | | At the end of the contract, usually six to 12 months, the lessee has the option to use the down payment toward the purchase of the home for an amount agreed upon at the onset of the contract. |
| realtytimes.com /rtcpages/20001228_leaseoptions.htm (1243 words) |
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