Rent-to-own benefits for sellers
Most sellers need want to sell their house outright, but for those who can afford to delay it a little longer, the benefits are very good. Bob Bruss, who was an expert on such purchases, has been quoted in Mortgage Professor that in this market, there are always more buyers than sellers. As a result, buyers generally pay much more than the prevalent rate, perhaps including some assumed future appreciation. Read more
Do not sell your own house! Put it up for Rent-to-own basis!
Are you struggling to sell your house or worried about getting a low price? Are you afraid of dealing with tenants if you put your house on rent –to-own basis? Then try using a rent-to-own or lease-to-own marketing strategy.
The banks are also making it very difficult for people to get home mortgages even though low interest rates are available. In some areas like Chicago, families are hard hit by the recent economic downturn and most of them are trying to reinstate their poor credit scores. Landlords are finding it more difficult to get good enough money for their rental houses. Read more