Do you need to sell your house in Fort Wayne? There are many alternative options to consider, that will lead you away from the costs, the time, and the waiting of the MLS. In this post, we will explore how selling via a rent to own agreement will benefit you and your current situation!
Find More Potential Buyers
The first reason why you should sell your house via rent to own in Fort Wayne is that it opens the options up for all kinds of buyers. A rent to own agreement will allow someone who is lacking a down payment for a traditional loan, the ability to begin the home ownership process. For those who are eager to become homeowners, they will jump at the chance for a mutually beneficial rent to own agreement. You are opening the door to a number of new buyers who may not have been able to purchase otherwise when you sell your Fort Wayne house in this manner. The chance of getting your asking price without negotiation and money in your pocket quick are also benefits to selling in this manner.
Get More Than You’d Expect For The House
The second reason why you should sell your house via rent to own in Fort Wayne is that you’ll probably make more money than a typical sale. Most times, when using a rent to own agreement to buy a house in Fort Wayne, the owner will collect a down payment and charge a higher than average rent payment each month for the property. They risk losing the property along with their initial down payment if they default… not a place any home buyer would wish to be. You assume very little risk when using a rent to own agreement to sell your house in Fort Wayne, while collecting a higher than average rent payment each month. If you don’t need the entirety of your selling proceeds upfront, collecting the cash each month with a sale date in the future can be a very prosperous situation.
Generate Routine Income
The next reason why you should sell your house via rent to own in Fort Wayne is to generate a steady income. Imagine collecting rent each and every month for your house in Fort Wayne. Now imagine, collecting even more than the average rent, along with a down payment and severe penalties for default. You can create steady income for months or longer by utilizing a rent to own agreement to sell your house fast in Fort Wayne. You won’t be renting to a standard tenant. The potential buyer is very vested in the property and will likely pay their rent on time, while taking care of any required maintenance because the house is essentially theirs. The last thing someone with the opportunity to buy would want to do is default, losing money and their chance at the home.
A Faster Process
The fourth reason why you should sell your house via rent to own in Fort Wayne? Quick and painless. We like the sound of that, don’t you? Listing your house for sale on the MLS in Fort Wayne can take awhile. If your house is sitting vacant while you’re trying to sell, the holding costs will skyrocket . Utility bills, maintenance, taxes, and insurance costs will be completely up to you until the house has sold. When you use a rent to own agreement to find a buyer fast, the buyer can pay all utilities and taxes directly, or the amount they are paying you each month will cover it.
Save On Listing Costs
The last reason why you should sell your house via rent to own in Fort Wayne? Saving cash. Instead of spending a fortune fixing up everything and making sure your house looks perfect for weeks while it’s being shown, you can show the home on your terms. When you sell your house via rent to own agreement, your buyers are purchasing not only the house but also the opportunity to buy it which they may not have had otherwise. It’s a win win for everyone. You won’t find yourself spending money on marketing, agent fees, hefty commissions, or any of the other costs that sellers often face.
If you decide to sell your house via a rent to own agreement in Fort Wayne, the process can be lucrative and beneficial. We are happy to answer any question you have about the process!