If you happen to be trying to sell your property for months without success, you could really feel at the end of your rope! It can be easy to get disheartened whenever things are not going your way. If you can, you might simply put off selling until eventually the real estate market recovers. If this isn’t an option for you personally, you may need to consider some creative options.
One common option is to offer the house as a rent to own house. Selling with lease to own can have quite a few benefits for you as a home owner. Let’s examine just a few!
Stop the Bleeding!
If you are making a payment for a house that you are no longer residing in you understand exactly how depressing this can be. When you get a rent to own buyer tenant, you quickly begin to collect payments which are more than enough to pay for your monthly payments linked to the home. In contrast to when you rent, a rent to own renter plans to have to pay the full carrying costs of the house. After all, if these people can’t afford to pay for that now how can they ever manage to exercise their option?
Far better than Renting
When you lease to own, you obtain an improved quality renter than you would get were you to simply hire your home. Because they intend on the home eventually being theirs in the traditional sense, the tenant buyer is far more prone to maintain the house. They are inspired to help keep it in good shape and free from any major issues caused by neglect. This means you can count on air filters getting changed and air conditioners getting services. And, because most rent to won contracts place the burden of most home maintenance on the tenant buyer, you don’t have to worry about being harassed for every little issue.
You Control the Terms and Conditions
If you were to hold out for a conventional sale, chances are the buyer is going to expect some sort of reduction in the purchase price. A full price offer is just not all that common in the current real estate market.
When you offer your home as a rent to own homes listing, you are in control. The tenant buyer understands that they are going to pay full fair market value for the home because you are giving them time to get their finances in order. And, unlike in a competitive rental market, you can expect to receive a payment that covers all of your expenses associated with the home.
Credits: http://realestateinvestingfacts.com
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