How Rent-to-Own Agreements Can Help You Sell Your Atlanta Home
For those who plan to keep their home for an extended period of time, a rent-to-own arrangement can be a beneficial way to sell their property at a higher price to buyers who are ready to pay more. A rent-to-own transaction generates higher profits because it provides purchasers with the option to enjoy all of the benefits of homeownership while simultaneously addressing any credit difficulties. Alternatively, they may require additional time to save the required proportion of their downpayment that the lender requires.
You can specify at the end of the agreement that the buyers are free to walk away or that they will be subject to legal action if they fail to comply with the conditions of the agreement. Sellers should consult with an experienced real estate attorney to review their documentation and ensure a seamless transaction. It is well worth your time to go the extra mile in order to avoid legal disputes over the specific wording of your contract.
Continue reading to learn about five reasons why you should consider selling your Atlanta home through a rent-to-own deal.
Decide on a Price
One advantage of selling your Atlanta home through a rent-to-own agreement is the flexibility to set your sales price at a greater value than the current market, which can increase your profits. You have the option of naming the price because you run the risk of setting the price lower than the value in the future, which is normally two years out from now.
Costs of putting your home on the market
Another advantage of selling your Atlanta home through a rent-to-own agreement is that you will save the costs of a traditional listing. Commissions and other fees connected with listing a home on the MLS, such as professional high-quality digital photography and drone footage, preparing the house for buyers, and even engaging a professional stager to get the highest potential sales price, will not be incurred.
Buying Pool is a term used to refer to a group of people who are interested in purchasing something.
By selling your Atlanta house through a rent-to-own agreement, you expand your buyer pool beyond the average buyer on the MLS to include people who are in the early phases of preparing their credit and expanding their finances in order to achieve their dream of buying their own home. Also noteworthy is the fact that, as societal conventions have shifted over the past few years, an increasing number of would-be renters are deciding to move into homeownership; rent-to-own arrangements provide access to this previously untapped pool of potential buyers.
Create Cash Flow (Cash Flow Generation)
With the downpayment, you’ll be generating an above-average monthly rental income, which will often include an additional payment towards the downpayment at the end of your contract term, which is yet another reason to consider selling your Atlanta home through a rent-to–own agreement. You will not be responsible for the costs of maintenance and repair because the contract stipulates that the buyers will also assume ownership duties.
Sales Closing in Record Time
One of the most compelling reasons to consider selling your Atlanta home through a rent-to-own agreement is the quickness with which you can join into the agreement and begin earning cash flow. Then you won’t have to go through all of the hype and ceremony of qualifying for a traditional loan, which can take weeks or even months before closing. Instead, you can just take your down payment to the bank.
Allow Georgia Fair Offer to assist you in learning more about the process of selling your Atlanta home through a rent-to-own deal. A direct buyer from Georgia Fair Offer will provide you with an estimate of how much money you could make by selling your rent-to-own property. Allow the experts at Georgia Fair Offer to make it simple for you! Georgia Fair Offer can manage any situation since they have specialists from every aspect of the real estate market on their team. If rent-to-own is not an option for you, our direct purchasers will outline the amount of money you would make if you listed your home with an agency and then allow you to compare that amount to our offer, which you will undoubtedly find to be reasonable. You will never be charged a commission if you engage with Georgia Fair Offer to purchase or sell real estate on your own behalf. And since there is no obligation, why not find out what is in your best interests right now? Georgia Fair Offer can be reached at (404) 855-0944.
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