Looking to sell your home fast? Re-located and stuck with two mortgages? Rent-to-own could be just the solution.
In today’s economic times, few are the homeowners that can afford having a house sit on the market for an undetermined amount of time before property taxes, mortgage payments and management considerations start taking a toll. HomeSmart recognized the need for an alternative solution that would bring prospective home buyers and home sellers together in a mutually beneficial environment.
We’ve created a fantastic opportunity for both buyers and sellers using the rent-to-own concept, and we’d like to highlight some of the important advantages it has to offer.
Lock In Your Sale Price
Rent-to-own offers home sellers the advantage of locking in the sale price for the length of the rental agreement. Home values may fluctuate in the short term, and for both the buyer and the seller, having a pre-determined locked-in sale price eliminates any insecurities and potential misunderstandings when the option to buy is exercised.
Build Equity
A great advantage often over-looked in a rent-to-own agreement is equity accumulation. While your tenants are paying down your mortgage for you, the fact is, they are also contributing to the equity value of your home. For some people, that could translate to thousands and considerably more!
Monthly Income
Obviously an important factor is income generated from the rental agreement. When your rental income exceeds your mortgage payments or if you happen to be in a situation where you are mortgage free, the monthly income can prove to be a welcome additional income!
HomeSmart has assembled a team of professionals dedicated to serving the interests of home buyers and sellers in an environment that fosters creativity, transparancy and professionalism. As much as rent-to-own is advantageous to the home buyer, the home seller can reap the benefits from these additional advantages:
No Real Estate Agent Commissions
At no time will you be under contract with a real estate agent, which means that once the option to buy is exercised, the locked-in price is 100% yours to keep. No real estate agent fees will be deducted.
Fair Market Value
HomeSmart offers a competitive, mutually agreed price for your home. Fair market value is essential and is the starting point in securing an ethical, mutually satisfying business relationship.
No Landlord Duties
HomeSmart takes care of all the often tedious landlord responsibilities including collecting rent and dealing with minor maintenance and repairs.
No Management Duties
HomeSmart assumes all of the management responsibilities at no charge to the home seller. No longer will you have to spend your valuable time searching for, and screening prospective tenants. HomeSmart also takes care of any necessary advertising costs, home-staging and showings to prospective tenants.
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