Please excuse if this is not the correct forum.

When purchasing a home via assumption with an eye towards L/O, do I use a straight purchase contract with an option or just a purchase contract?

It doesn’t feel like I wrote the question clearly, but it’s clear in my head!! ;D

Let me know if I need to clear it up.


Howdy Gr8scott:

Use a standard earnest money contract to buy the property. There may have some type of financing addendum to the contract where you have options on the financing either new loan or assumption or seller financing. I only know of Texas forms but you should be able to get some on line at your local real estate commission or a local title company


Thanks Ted.