Selling your property via a rent to own agreement is an excellent way to easily get the price you want for your Atlanta house. The process is simple and you’ll likely be able to find a buyer right away, even your current tenant! Learn more about how to set it up in our latest post! There are many reasons why homeowners in Atlanta are choosing to sell their properties via a rent to own agreement. If the cash isn’t needed right away, there are many financial benefits to selling your house in this manner. Below, we outline 7 steps to sell your property via a rent to own agreement in Atlanta ! Step #1 – Find The Right TenantsWhen entering into a rent to own agreement with a potential buyer, you’ll want to make sure it is someone you know and trust. If you would like to ultimately sell the house, you don’t want to have to worry about the deal not going through when the lease period is up. You are delaying the receipt of your funds in order to get the price you want, make sure you are working with someone who is worth it! If you have a great, long-term tenant, they are the first place you might want to look when trying to find the right people to move in. Step #2 – Run The NumbersAs a seller, you are sacrificing immediate cash for a long term gain, so you will want to make sure it’s worth it. How much will you need upfront as a deposit? What about an option fee? You’ll need to figure out what you’ll need to charge in rent each month in order to make it worth it for you. You’ll need to determine which costs will be passed on to your tenants and which costs you will still need to manage. As you will still technically be the owner of the house during the lease period, you’ll ultimately be responsible for taxes and insurance. Make sure the monthly rent you are changing can cover these amounts! With a rent to own agreement, the sale price is typically locked in at the time of purchase. However, in some cases, a tenant will agree to purchase at the market value at the time of the actual sale. While you run the risk of your home value dropping, you might also be able to get a higher price when all is said and done. If your tenant agrees to this, it is something you will want to consider! Step #3 – Agree On TermsThere are many things a buyer and seller must agree to before executing their rent to own agreement. Before the buyer and seller sign on the dotted line, make sure to have an attorney look things over. Even the smallest mistake in your contract could have a huge impact on your ability to sell on the terms you had planned on. A few of the financial details you will want to cover include:
Spelling everything out as clearly as possible from the get-go will save you from any disagreement and frustration during the lease process and when it’s time to officially sell. When handled correctly, a rent to own agreement is a great way for a homeowner to sell their house in Atlanta . Contact our team today to learn more about selling your property via a rent to own agreement in Atlanta ! 678-337-1165The post 3 Steps To Selling Your Property Via A Rent To Own Agreement In Atlanta appeared first on Fresh Start Home Sales. via Blog – Fresh Start Home Sales https://www.freshstarthomesales.com/7-steps-to-selling-your-property-via-a-rent-to-own-agreement-in-atlanta/
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AboutFresh Start Home Sales was created to help individuals and families rent to own homes in good areas with great schools. We help people who have damaged or bruised credit or are self-employed and cannot qualify for a mortgage to rent to own a beautiful home in a great neighborhood for up to 3-5 years. They will agree to take that time to improve their credit and save for a more substantial down-payment to buy the house they are already living in and enjoying. We also help people who are relocating to our area who want to live in a great home with the possibility of owning that home in the future. These potential home owners like the flexibility of rent to own homes because they are unfamiliar with the areas so don’t want to get tied into a mortgage until they are sure they want to buy the house. It is somewhat of a try it before you buy it arrangement that suites everyone involved. Should any of our tenant-buyers choose not to buy the house they simply have to after 1 year give 60 days’ notice leave the home in good condition and get their security deposit back and are fully relieved from any obligation to buy that home. Contact:
Fresh Start Home Sales Address: 2330 Scenic Highway Snellville, GA 30078 Phone: 678-337-1165 E-mail: [email protected] Website: https://www.freshstarthomesales.com/ Find Us Online: 500px Bitly Box Diigo Dropbox Evernote Postach.io Instapaper Newsblur Nimbus OneDrive OneNote Quip Todoist Toodledo Trello Tumblr Weebly WordPress Facebook Page MySpace Blogger Google Drive Youtube Google+ Page Recommended Links: About.me Alternion BrandYourself FollowUs Gravatar BeHance Linkkle Ello.co Carrd.co Scoop.it Zumvu iLink Archives
March 2023
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