If a homeowner has some amount of equity in their home, but does not want to or cannot sell it right away, a great option is a lease-option sale.
In a lease-option sale, the homeowner leases us their property for a set amount of time and gives us the option to buy the house at a predetermined price during that time frame. This lease is typically a few years in length.
We will give a non-refundable down payment to the homeowner as a fee for the option to buy the house.
A lease-option sale is a great strategy if a homeowner is trying to sell for a price that cannot be justified by the current market. It helps put money in the homeowner’s pocket during the period of the lease, as the rents we pay are over the amount necessary to cover:
If you have ever considered renting your house, consider a lease-option with us, Sold ASAP. It will save you from having to screen tenants, collect rents, and evict tenants if they fail to pay. You will also save on the costs of maintaining the home, as we will take over all the responsibilities at signing.
I wish I had known about you all in my previous home sales. I missed out on thousands of dollars in savings that I paid in real estate agent commissions and closing costs! You were great to work with.