For those who may be ready to sell yet can hold onto a house that is ready for rental for a few years longer, the rent-to-own scenario provides some perks that make rent-to-own an option worth considering.
There is a large buyer pool waiting for these opportunities, seeking to attain the lifestyle that homeownership affords before they’re ready for a mortgage. Read on as we explore five benefits of selling your house via rent to own in Southwest Michigan
Equity
Selling your house via rent-to-own in Southwest Michigan can have many benefits, one of which is the equity that will build over the time of the contract. As the buyer makes payments toward the purchase of the property, they are also building equity in the home. This can ultimately result in a more significant gain on the sale of the property once it closes.
However, it’s important to note that there are risks and potential challenges associated with rent-to-own arrangements. As a seller, it’s essential to have a clear understanding of the terms of the agreement and to work with a professional real estate attorney or tax consultant to ensure that all legal and tax implications are considered.
If you’re interested in selling your property via rent-to-own in Southwest Michigan, it can be helpful to work with a local professional home buyer like those at I Buy SW MI. Our team of experts can help you understand the projected returns you can expect from the sale of your property via rent-to-own. We can offer you a fair price for your property upfront, eliminating the need for a complicated and potentially risky rent-to-own agreement.
At I Buy SW MI, we understand that selling your property can be stressful, which is why we strive to make the process as simple and straightforward as possible. Our team of experts can help you navigate the complexities of the real estate market and offer you a hassle-free solution to selling your property in Southwest Michigan. Contact I Buy SW MI today to learn more about our services.
Speed
Selling your house via rent-to-own in Southwest Michigan can provide a steady cash flow and offset the costs of holding the property. With rent-to-own arrangements, the buyer typically makes a deposit at the start of the agreement, which can provide the seller with an immediate cash flow. Additionally, there will be no delay in the receipt of the deposit funds, as can be the case with traditional home sales.
When you work with a local professional home buyer like those at I Buy SW MI, you can be sure that the process will move quickly and efficiently. Our team of highly regarded local pros has the experience and expertise necessary to help you sell your property in a matter of days. With the power of cash, we can offer you a fair price for your property upfront, eliminating the need for a potentially risky rent-to-own agreement.
At I Buy SW MI, we understand that selling your property can be a stressful and overwhelming process. That’s why we offer a hassle-free and streamlined solution that can help you sell your property quickly and easily in Southwest Michigan. Our team of experts can work with you to understand your unique situation and provide you with a fair and equitable solution that meets your needs. Contact I Buy SW MI today to learn more about our services and how we can help you sell your property in Southwest Michigan.
Rental Income
Much like squeezing the final precious drops of cash out of your house, with rental rates quickly rising, you could gain a significant boost in returns on the investment you have made in the house before finally exiting the property. Rental premiums, added to the monthly rent, are another benefit of selling your house via rent to own in Southwest Michigan. If the buyer exercises their buying option, the rental premium applies towards the downpayment. However, should the buyer fail to exercise the option, you’ll keep the option fee you charge for their down payment and the premium payments. Selling via rent-to-own to a professional home buyer like those at I Buy SW MI means you won’t need to worry about your buyer backing out or finding another buyer for your property down the road.
Property Management
Another benefit of selling your house via rent-to-own in Southwest Michigan is that, unlike typical rental properties, there will be minimal for you to do in the role of landlord other than receive your income. Therefore, you can design the contract to negate the impact of routine repairs and maintenance. Most of these expenses will fall upon the tenant, who will treat the property as if it was their own. Often, there is a top-dollar limit on the repairs for which they’re responsible.
Additional Savings
Another plus of rent-to-own sales, you won’t be paying the monthly mortgage and utilities you would be responsible for during a listing period on the market, saving you even more. Another of the benefits of selling your house via rent-to-own in Southwest Michigan, when you work with a local professional home buyer like those at I Buy SW MI, there are no commissions, closing costs, or hidden fees to come off your profits.
The local professional home buyers at I Buy SW MI are ready to buy – at your asking price via rent to own. If you’d like to talk to one of our seasoned pros about the benefits of selling your house via rent-to-own in Southwest Michigan, we’ll answer your questions or concerns with no obligation. The team at I Buy SW MI is proud of our work helping our neighbors here in Southwest Michigan solve problems, and we want you to feel good about working with us long after the closing. Call I Buy SW MI at (231) 392-3262.