Top Reasons To Sell Your Columbus Ohio Home On A Lease Option

Selling Rent To Own HomesIn today’s economy, it’s harder than ever for potential buyers without stellar credit or a huge down payment to purchase the home of their dreams. This makes things especially tough for sellers who want or need to move, but can’t find a buyer for their home. Even worse if you’ve already purchased a new home, and now desperately need out from underneath the burden of two mortgages. Enter the lease option, or rent to own, process. In this article, we’re going to discuss some of the reasons why you may want to consider offering your home in a rent to own capacity.

Less time spent trying to find buyers…

Probably the worst aspect of selling a home is waiting for potential buyers to get approved. The process of selling a home through traditional venues can take months before everything is finalized. First you have to show the house, and wait for someone to be interested enough to make an offer. Then, once you’ve accepted an offer, you may have to wait a few more months before the loan in approved and closing.

When you sell your home under a rent to own contract, the investor you’re working with brings qualified buyer-tenants to you. Just imagine – instead of having to wait months for a qualified buyer to show up, you could easily find yourself with a half-dozen or more qualified buyer-tenants within just a few weeks!

Motivated tenants are great tenants…

Because rent to own programs open up the dream of home ownership to people who otherwise (not necessarily through any fault of their own) might not be able to even consider it, buyer-tenants tend to be more motivated than regular renters to keep a property in perfect condition. Buyer-tenants are typically responsible for their own repairs, upkeep, and improvements, making them highly driven to keep your property in the best shape possible, as it will one day be their own.

Rent to own selling has financial benefits…

If you’ve already purchased a new home, and are waiting for the old one to sell, then you know what a financial burden carrying two mortgages can be.  By opting to sell your home under a rent to own contract, you’ll not only have enough money coming in to cover your first mortgage, but often have a few extra dollars in your account each month as well! Additionally, you may be able to take advantage of ownership tax credits during the length of your tenant’s lease (talk to a tax professional for advice).

As you can see, there are a number of benefits to choosing to sell your home through a lease option. A qualified rent to own specialist like New Horizon Family Homes will help walk you through the entire process. Why waste any more time waiting for the right buyer to come along? Give us a call today, and see how we can help you!

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