Get your asking price without any waiting in Massachusetts or Connecticut – Rent-to-own agreements present a lucrative delayed exit strategy that enables real estate investors to squeeze a few additional cents out of the profits on the property due to the lack of possibilities and high attractiveness of rent-to-own properties for buyers. Additionally, according the terms of your deal, the buyer retains the home as though it were their own, often up to a specified price threshold. All the while, while the lease is in effect, you receive a supplemental income.
Rent-to-own options give the buyer a chance to become a homeowner before meeting the requirements for a traditional mortgage with a lender or as a way to test-drive the house and area to ensure a long-lasting fit in the house. Of course, you should always have a seasoned real estate lawyer, tax advisor, or other reliable counsel with knowledge in real estate evaluate your contract. Read on to learn how to get your asking price in Massachusetts or Connecticut without having to wait.
You will need to estimate the property value two or three years from now, at the end of the term, if possible. Buyers understand you are taking the chance that there is an unanticipated boom in housing values and may offer you less than the asking price even though you will be asking significantly more than the current market value. In a rent-to-own arrangement, tenants have the option to purchase the property at the end of the lease period, and you receive the asking price without having to list the property or wait in Massachusetts or Connecticut.
Many home sellers would rather not go through the uncertain process of selling FSBO (for sale by owner), which is an alternative to listing with an agent. The anxiety of a house remaining on the market for an extended period of time is overwhelming, and the preparation work and any repairs required are frequently expensive and stressful in general. They still think it’s the only way to sell the house and get their asking price, though. Even if it requires a lot of maintenance, you can sell your property through a rent-to-own arrangement. By selling rent-to-own, you may take advantage of the law of supply and demand and sit at the negotiating table without having to wait in Massachusetts or Connecticut.
Rent and Option Premiums
Without having to wait at Massachusetts or Connecticut, you will earn an upfront option charge or premium. The standard commission rate for sellers often ranges from 1 to 20 percent of the asking price. In addition, the rent premium, which is paid on top of the current monthly rental rate by the buyer, will count toward their down payment if they decide to exercise their option to buy. Therefore, even though the majority of customers complete the transaction, in the event that they opt out or are denied a mortgage, you will keep the premiums and all rents earned.
Mass Property Buyers
Mass Property Buyers is prepared to purchase your home and is offering you the rent-to-own price. Speak with a local expert house buyer at Mass Property Buyers right away. There are no hidden fees or charges for sellers to pay when working with the experienced house buyers at Mass Property Buyers. Within a few days, you will hold cash for your property and have a certain closing date. We at Mass Property Buyers want to negotiate a deal that you will be happy with long after closing. We are your neighbors who live and work with you here in Massachusetts or Connecticut. Ready to learn more about selling your Massachusetts or Connecticut home via rent-to-own? At Mass Property Buyers, we are happy to answer your questions without any obligation, so call Mass Property Buyers at 413-455-0008.