For those who may be ready to sell yet can hold onto a house that is ready for rental for a few years longer, the rent-to-own scenario provides some perks that make rent-to-own an option worth considering.
There is a large buyer pool waiting for these opportunities, seeking to attain the lifestyle that homeownership affords before they’re ready for a mortgage. Read on as we explore five benefits of selling your house via rent to own in San Antonio
Equity
When you sell your house using a rent-to-own agreement, you are effectively building equity in your property every month. This is because a portion of your monthly rent payment goes towards the eventual purchase price of your home, meaning that you will have less money to pay when you sell. This can be a great way to increase your profits when you eventually do sell your home, as you will have already paid part of the purchase price. Work with a local professional home buyer like those at Phil Buys Homes Cash to get the most out of your rent-to-own agreement and maximize your return on investment!
Speed
Another benefit of selling your house via rent-to-own in San Antonio , there’ll be no delay in your receipt of the deposit funds, and your steady cash flow will begin immediately, offsetting any costs of holding the house. When you work with a local professional home buyer like those at Phil Buys Homes Cash , you’ll be counting your cash in a matter of days; with the power of cash and our full-service team of highly regarded local pros moving at lightning speed to help sellers like you.
Rental Income
Much like squeezing the final precious drops of cash out of your house, with rental rates quickly rising, you could gain a significant boost in returns on the investment you have made in the house before finally exiting the property. Rental premiums, added to the monthly rent, are another benefit of selling your house via rent to own in San Antonio . If the buyer exercises their buying option, the rental premium applies towards the downpayment. However, should the buyer fail to exercise the option, you’ll keep the option fee you charge for their down payment and the premium payments. Selling via rent-to-own to a professional home buyer like those at Phil Buys Homes Cash means you won’t need to worry about your buyer backing out or finding another buyer for your property down the road.
Property Management
One of the biggest benefits of selling your home in San Antonio through a rent-to-own agreement is that, in most cases, the property management will be handled by the tenant. This means that you, as the landlord, won’t have to deal with the day-to-day hassles and responsibilities that come with being a landlord. The tenant will be responsible for routine repairs and maintenance, and in most cases there will be a limit on the amount of money they can spend on these items. This can save you a significant amount of time and money in the long run.
Additional Savings
Another plus of rent-to-own sales, you won’t be paying the monthly mortgage and utilities you would be responsible for during a listing period on the market, saving you even more. Another of the benefits of selling your house via rent-to-own in San Antonio , when you work with a local professional home buyer like those at Phil Buys Homes Cash , there are no commissions, closing costs, or hidden fees to come off your profits.
The local professional home buyers at Phil Buys Homes Cash are ready to buy – at your asking price via rent to own. If you’d like to talk to one of our seasoned pros about the benefits of selling your house via rent-to-own in San Antonio , we’ll answer your questions or concerns with no obligation. The team at Phil Buys Homes Cash is proud of our work helping our neighbors here in San Antonio solve problems, and we want you to feel good about working with us long after the closing. Call Phil Buys Homes Cash at (210) 239-8720.