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.
The U.S. Department of Housing and Urban Development (HUD) states that there are a number of factors, especially financial ones, involved in the purchase and resale of a house. As a result, the public is advised to consult a real estate agent as their professionalism is a critical aspect which allows the decision-making process and the experience to be a smoother one.
The key ingredient in having a successfully positive experience in a real estate transaction is finding the right professional to assist you. While real estate agents may meet your needs, the services of a Realtor® will be even more applicable to you.
What’s the Difference Between a Real Estate Agent and a Realtor?
There are more than two million people who have earned real estate licenses. Only a small, but significant percentage of them are Realtors. Realtors, are members in good standing with the National Association of Realtors, their state association of Realtors, and a local real estate board. Realtors are held to high standards of ethical behavior, and it is mandatory that they undergo continuing education annually to remain accredited.
All agents of Nesbitt Realty are Realtors!
No one knows more about the local real estate market than Nesbitt Realty.