Home owners who have been trying to sell their properties for a year or more might consider lease or a rent-to-own option.
A lease option agreement gives the tenant the option to buy at a predetermined price for a rent that is slightly higher than market. In a lease purchase, a buyer commits to buying the property. In exchange, the seller credits a percentage of each payment toward the purchase price.
Either arrangement is likely to attract serious renters who would like to buy the property if they can. In exchange, they’ll take good care of it.
Negotiating these agreements can be tricky, and the owner should always get help from a real estate professional.
Nesbitt Realty is a family-owned family-operated business serving Northern Virginia. As such we compete against some of biggest names in our industry. Even in this highly competitive market we manage to succeed and have won numerous awards for client-satisfaction. We provide a turn-key solution that allows our landlords to enjoy stress-free passive income with no work required.
Our team is experienced, professional and dedicated to managing every detail from leasing to maintenance to financial transactions.
Contact us at (703)765-0300 to speak to a real estate agent that cares about your needs.