Saturday, February 1, 2014

Selling on a Lease Purchase is a Logical Alternative For Many Home Sellers

The current recession has made it difficult for owners to dispose off their houses. If you are the owner of a property, then it may not be possible to wait for a long time especially if you have been transferred to a new town or locality. Hence, it becomes all the more important to dispose off your home.

Real estate agents help out with disposing off homes and properties, but they charge a high rate of commission. We spend a lot of money redoing our homes in order to make it look attractive so that it can be easily disposed off without much of a hassle. All these marketing strategies sometimes bear no fruits. We feel the pinch even more when we are making payments for our home without even staying there. Hence, disposing the house quickly makes sense and it should be done without wasting any time.

The best option is to go in for the Rent to own option or the lease purchase option. There are creative techniques which could be adopted for disposing real estate quickly. Some of the advantages in this method are as follows: Attract more buyers

You would get more buyers in this method of selling as compared to a traditional sale. The terms of payment are really attractive which attracts many buyers who are even willing to make a premium payment.

Larger coverage:

You are able to cover a greater audience since you are not advertising your home only to conventional buyers but investors as well as renters.

Regular monthly income:

This is the ideal way to create a regular monthly cash flow. No compulsion on returning the down payment The lease purchase option enables you to hold back the down payment received and you could retain this amount with you if the buyer or the interested party backs out from purchasing the property.

Turnover period:

The turnover time is in days and weeks and does not run into months or years.

Quality of Tenants

The tenants who go in for this option are definitely better and people who are really interested in buying a home would choose this option.

Pride of ownership

Tenants who are really interested in buying the property would approach you and would also feel proud that they are staying in a property which they would own at a later date. So the expenses related to repairs and other related expenses are taken care of. So we are saved from the botheration related to house repairs and other upkeep expenses.

Save money on commissions

If you have listed your property with a realtor agency, then you would have to pay heavy commission.








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