Looking for tips in selling your house via rent to own? 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 Northern Kentucky.
Equity
One benefit of selling your house via rent-to-own in Northern Kentucky is in the equity that will build over the time of the contract so that when your property closes, you will make more significant gains on the sale. By selling directly to a local professional home buyer like those at We Buy NKY Houses, we can help you understand the projected returns you can expect.
Speed
Another benefit of selling your house via rent-to-own in Northern Kentucky, 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 We Buy NKY Houses, 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 Northern Kentucky. 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 We Buy NKY Houses 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 in Northern Kentucky via rent-to-own 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 Northern Kentucky, when you work with a local professional home buyer like those at We Buy NKY Houses, there are no commissions, closing costs, or hidden fees to come off your profits.
Guide to Selling Your House
Working with We Buy NKY Houses is the easiest way to sell your Northern Kentucky house for the most money if it requires major repairs. You don’t need to clean for showings or touch up the property because We Buy NKY Houses buys homes as-is. Before making an additional investment in repairing a property you no longer want, why not consult with an experienced professional from We Buy NKY Houses. The direct buyers at We Buy NKY Houses will go over every number used to develop an offer you agree is fair. Even better, We Buy NKY Houses can close in a matter of days or delay the closing for a date that works for you! To learn more ways We Buy NKY Houses can help you, send us a message or call We Buy NKY Houses at (859) 412-1940
Many sellers today are looking at alternative methods to get equity out of their home such as acquiring a HELOC. Or, if they are trying to purchase a new home without being contingent on their current house, a bridge loan may be a good option. It’s important to know that with housing prices going up over the last several years, owners may have significant equity in the home which gives them options.
The options available to homeowners ready to sell have evolved, leading us to our final selling tip for homeowners in Northern Kentucky, begin your home selling process by starting with the experts at We Buy NKY Houses. If the idea of showings makes you uncomfortable, you’re not alone! Maybe you just don’t want to deal with the headaches of the selling process and interruptions in your daily life. Are you selling due to financial troubles or a time crunch forcing a quick move? At We Buy NKY Houses, our guaranteed closing date can be in as few as seven days. And if you need a little more time, we can hold off the closing until the date that best suits your plans.
If you have questions like: Is rent-to-own worth it? What is rent-to-own house? Then gib=ve us a call! We Buy NKY Houses answers concerns about selling your property or any questions you may have with absolutely no obligation. At We Buy NKY Houses, our hybrid professional buyer real estate agents are ready to help you today. Send us a message or call We Buy NKY Houses at (859) 412-1940.