For those positioned to hold the property for an extended time, a rent-to-own agreement can be profitable to sell your property with buyers willing to pay a higher price. A rent-to-own sale earns more because you offer the buyers an opportunity to experience all of the perks of homeownership while repairing any credit issues. Or perhaps they need the time to save for the required percentage the lender requires for their downpayment.
At the end of the agreement, you can set the terms to allow the buyers to walk away or that they will face legal action should they default on the contract. Sellers should contact a real estate lawyer to review their documents and ensure smooth sailing ahead. It’s well worth taking this extra step to avoid legal conflicts over the exact wording of your contract.
Read on as we explore five reasons to consider selling your Lynchburg house via a rent-to-own agreement.
Set Your Price
One reason to consider selling your Lynchburg house via a rent-to-own agreement is the ability to set your sales price at a higher value than the current market. You can name the price because you’re risking setting the price lower than the value in the future, typically two years.
Saving the costs of a listing is another reason to consider selling your Lynchburg house via a rent-to-own agreement. You won’t be paying commissions or other fees associated with listing on the MLS, including professional high-quality digital photography and drone videos, prepping the property for buyers, and even paying a professional stager to realize the best possible sales price on the market.
You increase your buyer pool by selling your Lynchburg house via a rent-to-own agreement beyond the typical buyer on the MLS to include those in the early stages of preparing their credit and increasing their savings towards their goal of owning their own home. Additionally, as societal norms have evolved over the past few years, more and more would-be renters are opting to move towards homeownership; rent-to-own agreements open the door to this untapped potential buyer pool.
Generate Cash Flow
Along with the downpayment, you’ll be earning a higher than average monthly rent, typically including an extra payment towards the down at the end of the contract term, which is another of the reasons to consider selling your Lynchburg house via a rent-to-own agreement. You won’t be paying the expenses for maintenance and repair because the buyers also assume ownership responsibilities in the contract.
The speed at which you can enter into the agreement and start earning cash flow is a great reason to consider selling your Lynchburg house via a rent-to-own agreement. Then, you can take your downpayment straight to the bank without all of the hoopla and fanfare of qualifying for conventional loans that can take weeks or even months before closing.
Let Linken Investments help you learn about selling your Lynchburg house via a rent-to-own agreement. A direct buyer from Linken Investments will detail what you could earn by selling rent-to-own. Let the pros at Linken Investments make it easy! With experts from every walk of the real estate industry, Linken Investments can handle it all! If rent-to-own doesn’t suit your circumstances, our direct buyers will lay out what you’d make with a traditional listing with an agent and then lets you compare this to our offer, which you’ll agree is fair. When you work with Linken Investments to buy or sell real estate directly, we never charge commissions. So why not find out what is in your best interest with absolutely no obligation? Contact Linken Investments at 434-390-2906.
To get a fair cash offer for your property, no matter what condition it’s in, just call our office at 434-390-2906 or Click here now and fill out the form
Linken Investments, Lynchburg’s Trusted Home Buyer and Seller
Linken Investments LLC. is a local real estate solutions company based out of Lynchburg, VA. We are Lynchburg’s Trusted Cash Home Buyers. We have been buying houses for cash in the Lynchburg area since 2005. We are also Licensed Realtors in the state of Virginia. Since we are a real estate investment company as well as a licensed and reputable real estate agent, we have multiple ways we can work with you to sell your home on your schedule and for the highest price.
Our years of experience are one reason clients trust Linken Investments to complete the sale of their property quickly with honesty and integrity. We’re a family-owned business and focus on helping homeowners like you find solutions to your problem whether you’re going through a foreclosure, selling an inherited property, or just need to sell your house fast for any reason. Linken Investments offers you the chance to sell your home in a simple, stress-free, cash transaction, or you can list the house with us. We’ll sell your Lynchburg area house at the highest possible price with our wide buyer network and the best marketing in Lynchburg.
Linken Investments can buy your home exactly as it is, no repairs or cleaning needed, and we pay all cash and close fast, in as little as 7 days or when it works for you. Plus, we don’t charge commissions, and we pay all closing costs. Think of all the time and money that can save you. There’s no easier or quicker way to sell your house and get on with the next chapter in your life.
It won’t cost you any money and only about an hour of your time to find out how much cash we’ll pay you for your house. And you’ll be under no obligation to accept our offer, so you have nothing to lose but a house that’s standing between you and the life you want to enjoy.
Give us a call or text anytime 434-390-2906 or fill out the short form here today!