Rent To Own Agreement Structure For Selling Your Orange County House!

More than ever, people throughout CA are selling their houses via a rent to own agreement. By selling this way, you can bypass the stress, hassles, and costs of a traditional sale. You can also get the price you want! Keep reading for our latest post outlining a typical rent to own agreement structure!

Why Do It?

There are many reasons why people choose to sell via a rent to own or lease agreement. By selling in this manner, you can create monthly income, sell at the price you want, and ensure you will have long-term “tenants” who will take very good care of the house. These are not just ordinary, tenants, these are people who fully plan on purchasing your home. They will treat it as their own, all while paying you a monthly fee to live there. You are likely to receive your monthly rent payment on time each and every month. A tenant who is renting to own will not risk losing their deposit or being evicted from a house they eventually plan on buying. You will secure yourself a long-term tenant and a sale (for the price you want) at the end of that term.

A Typical Agreement

First off, there are many parts of the agreement that can be negotiated. This is why many sellers love selling this way: they have the ability to sell on their terms for the price they want. One way many people set it up, it to create a lease agreement with an option to buy at the end of the rental term. During this period of time, you are not able to sell the house to anyone else. Instead, you lease the house to your potential buyers for a designated term. Most people set this term somewhere between 1-3 years. An option fee is paid upfront by the tenant, this acts as a sort-of down-payment on the house. It is non-refundable and acts as a strong incentive for your tenant to buy. In addition to the option fee, the tenant will pay an elevated rental fee each month. A portion of this fee can go towards the purchase price of the home. If your tenant defaults or chooses not to purchase at the end of the rental term, you keep the deposit and any money paid during the rental period. While each agreement is set up a little bit differently, routine maintenance and small repairs often become the tenant’s responsibility. This is negotiated and put into writing beforehand.

A Win-Win For Buyers And Sellers Throughout CA

By selling rent to own, you are truly creating a win-win situation for both buyers and sellers. Sellers will receive the price they want for the house without any hassles or uncertainty of listing. Many more buyers will have an opportunity to purchase. By “renting” the home for a certain period, buyers will be able to save up or repair their credit. The two most common blockages for buying outright in the first place. You will create an additional income stream and receive lump-sum payments both at the beginning and end of the rental term. For many sellers, selling via rent to own is the solution they have been looking for! Find out if it’s right for you!

Are you interested in learning more about setting up a rent to own agreement structure to sell YOUR house in Orange County? We can help! Send us a message or give our team a call now! 949-625-4533

Joe

Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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