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 Puyallup
Equity
One of the main benefits of selling your home in Puyallup as a rent-to-own is in the equity that will build over time. By selling directly to a local professional home buyer like THINK3RE, we can help you understand the projected returns you can expect on your investment. This is due to the fact that, as a renter, you are building up equity in the property through your monthly payments. By the end of your contract period, this equity will be fully yours and can be used as a down payment towards purchasing the home outright, or cashed out entirely. Either way, you come out ahead compared to if you had sold your home traditionally!
Speed
Another benefit of selling your house via rent-to-own in Puyallup, there’ll be no delay in your receipt of the deposit funds, and your steady cash flow will begin immediately, offsetting any costs of holding the house. When you work with a local professional home buyer like those at THINK3RE, you’ll be counting your cash in a matter of days; with the power of cash and our full-service team of highly regarded local pros moving at lightning speed to help sellers like you.
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 Puyallup. 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 THINK3RE 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 Puyallup 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 Puyallup, when you work with a local professional home buyer like those at THINK3RE, there are no commissions, closing costs, or hidden fees to come off your profits.
The local professional home buyers at THINK3RE 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 Puyallup, we’ll answer your questions or concerns with no obligation. The team at THINK3RE is proud of our work helping our neighbors here in Puyallup solve problems, and we want you to feel good about working with us long after the closing. Call THINK3RE at 253-459-5600.