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.
Landlords Trust Our Family Business to Manage Their Real Estate Investments
Whether or not this may be your first or your tenth rental, Nesbitt Realty is the one to turn to. We manage rental homes, townhouses, and condos in Northern Virginia. You may rely on us for responsive, professional property management services by a family business. Our property management resource page answers common questions like:
- What is the cost of listing my property?
- How much rent can my property fetch?
- Which markets do you serve?
- What does a property manager do?
- What do I need to know about Fair Housing?
- Which types of property does Nesbitt Realty manage?
- Where does Nesbitt Realty do property management?
We’re here when you need us. Our real estate agents love to help clients achieve their real estate goals!