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Beware of Psychic Vampires
I am often asked how I stay happy and motivated all the time. The answer has two parts to it; positivity and self-talk.
Many years ago I had a colleague who was forever complaining about everything and everyone in her life. Each day when she...
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Prosperity, wealth, is something that almost everyone in the world seeks, yet find it hard to attain for some ‘strange’ reason. Money issues is what we do much of the time, yet it is not taught in schools. When we are busy doing marketing, web...
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A day in the life of every businessperson is made up of a series of meetings and greetings. Whether you are making the initial contact with a client or a colleague, you want to get off on the right foot. Doing so will make the first encounter...
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How to Sell Your House By Lease Options
How to Sell Your House By Lease Option
Many people buy a house then have to move within a few years, due to divorce, relocation or financial difficulties. Without any equity though, it can be nearly impossible to find buyers and you still have realtor fees to contend with. There is a simple, easy way to have your payments taken care of for you and find a buyer, so that you can move onto your new life quickly and easily.
Homeowners can sell their homes by lease option.
What are the benefits of selling my house on a lease option?
When you lease option your house, you sell the right to purchase your home at a set price within a predetermined period of time. During that time, the purchaser of the lease option pays you a set monthly fee. They pay what amounts to their “rent” to you with the provision that they can purchase your house within a certain period of time and have part of the rent that they have paid you applied to their final purchase price.
Q What are the advantages of selling my home by lease option over listing it with a Realtor?
By selling your home in this way, you avoid realtor fees and some other closing costs. You also have a tenant who intends to purchase your property. They will take better
care of the home than a renter would and may even fix it up a bit for you. You also, naturally, have your payments taken care of and keep the tax benefits of owning your home, until the final sale.
Q How long does it take before your tenant/buyer cashes me out?
A That depends on a number of different factors. Many people with less than perfect credit can rebuild their credit and receive a mortgage from a mortgage broker within 6 consecutive payments.
Q Why don’t I just sell the house myself? If you have little or no equity in your home, it will not be considered a good investment by most buyers.
Q What if my tenant/buyer doesn’t buy the house? A It is important to pre-screen buyers to make sure that they want to buy the house and are able to buy it at some point in the future. However, circumstances can change in someone’s life, such as an unexpected job transfer, that make it necessary to move. In situations like that, a new tenant buyer would have to be found.
About the Author
Caterina Christakos is an independent real estate investor and facilitator. For more information or help setting up your lease options and screening buyers email Caterina at Cchrist896@aol.com
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vehicle leases leasing guide and facts. Under the federal Consumer Leasing Act, you, the consumer, have a right to information about the costs and terms of ... |
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