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.
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Nesbitt Realty takes property management very seriously. Our agents and full-time staff are full-time in the property management business and we meet weekly to keep abreast of industry changes and to hone our best practices in property management.
Nesbitt Realty is a family business that strives for excellence in real estate. That means working hard to analyze the best possible solution to maximize our landlord’s return on investment. We work hard to meet the requirements of the Virginia Residential Landlord Tenant Act, the demands of the tenant and the needs of the landlord. Call us to find out more about what makes us different from other property managers.
We serve most of Northern Virginia and have offices across the area. We manage single-family homes, townhouses and condominiums.
We have experience working Northern Virginia and can save you thousands on your purchase.