Rent To Own benefits for sellers

We all understand that it is challenging market for home sellers to sell. Property prices are falling like never before. On the top of that there are so many foreclosure properties owned by banks that they are just selling those at throw away prices in each and every area of city. It is also very difficult for buyers to get loan even if they are interested to buy a home. All these have increased the inventory of properties in every neighborhood.

What are the chances that someone will like your property and will get a bank loan and will buy your property via traditional financing? What are the chances that you will get price you are asking for?

These are all tough questions for home sellers. Easy answer to this and most effective way to sell your property and getting out of making one more mortgage payment in today’s market is: Rent To Own

When the house is put on rent-to-own basis, you receive a non-refundable option deposit. This amount depends on what you wish. The seller completes transaction at the end of rent to own term if the deal is closed with the tenant/buyer. Additionally, if the buyer defaults and cannot pay the monthly rents, then the amount paid already for previous months is not refunded and the seller can again look for another buyer and repeat the whole process. This option is a lot better than pure renting since sellers get well qualified tenants who treats property like their own home and most of the time it is maintenance free.

Here are some features and benefits for the landlord/seller:

High Sales Price In spite of Low Demand: More buyers are attracted because of the exclusive financial terms the seller is offering and the value of the house in due course.
High Rent which is more than usual: As the seller is being flexible in financial conditions already laid down, the rent charged can be higher than usual.
Non-refundable option reduces risk: When a deal is closed with a tenant/ buyer then they have to pay non-refundable option money to the seller. This amount cannot be refunded to the buyer in any condition. Additionally, no rent amount is refunded if the buyer defaults in between.
No commissions given to realtors: Since the house is being sold at rent-to-own basis, thousands of dollars which have to be given to the realtor on a 6% to 10% rate is avoided. Additionally, the house will get sold quickly due to the flexibility in the rent-to-own plan.
Best Quality Tenants for the House: The tenants who will be interested in the property will be basically quality tenants interested in the house as they have vested interest in the house. They will rather think like they are homeowners and will take good care of the house. Anything untoward will be in their loss in the long run.
No Maintenance, No Landlording: Tenants who are on rent-to-own basis think more like homeowners and hence they need not be coaxed to pay on time, maintain the house and make improvements to the house. Any carelessness on their part will result in their own loss.
Tax benefits can be availed: Until the option is exercised, the tax benefits rest with the seller because it is mentioned in the deed.
Exposure to a huge market of buyers: Not only traditional buyers, but renters and investors will also be interested in the property. They make up most of the people seeking buy properties, more than three-fourth of the interested people.
No Long Vacancies: Advertising for renting your house would not be needed and notifying the relatives also can do the trick. The phone will be ringing continuously when you announce that the house will kept on rent-to-own basis.
Peace of Mind: You won’t have to worry about how to take care of the house, your tenants will because they have a vested interest in buying that house. So the danger of theft, vandalism, fire, or any type of miscreants can be avoided to a great extent.

Sell Your House on Rent To Own NOW!