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 Columbus
Equity
One major benefit of opting for a rent-to-own contract when selling your house in Columbus is the equity that will accrue over the life of the contract. When you sell directly to a local professional home buyer like Flavortown Properties, we can help you understand the projected return on investment you can expect. This is due to the fact that, as your tenant builds up equity in the property, they are also effectively increasing its resale value. In other words, you stand to make significantly more profit on the sale of your property if you go the rent-to-own route as opposed to simply selling it outright.
Speed
Another benefit of selling your house via rent-to-own in Columbus, 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 Flavortown Properties, 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 Columbus. 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 Flavortown Properties means you won’t need to worry about your buyer backing out or finding another buyer for your property down the road.
Property Management
Another benefit of selling your house via rent-to-own in Columbus is that, unlike typical rental properties, there will be minimal for you to do in the role of landlord other than receive your income. Therefore, you can design the contract to negate the impact of routine repairs and maintenance. Most of these expenses will fall upon the tenant, who will treat the property as if it was their own. Often, there is a top-dollar limit on the repairs for which they’re responsible.
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 Columbus, when you work with a local professional home buyer like those at Flavortown Properties, there are no commissions, closing costs, or hidden fees to come off your profits.
The local professional home buyers at Flavortown Properties 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 Columbus, we’ll answer your questions or concerns with no obligation. The team at Flavortown Properties is proud of our work helping our neighbors here in Columbus solve problems, and we want you to feel good about working with us long after the closing. Call Flavortown Properties at (614) 964-9858.