How to Sell Your House By Lease Option Many people buy a house then have to move within a few years, due to divorce, relocation or financial difficulties. Without any equity though, it can be nearly impossible to find buyers and you still have realtor fees to contend with. There is a simple, easy way to have your payments taken care of for you and find a buyer, so that you can move onto your new life quickly and easily.
Homeowners can sell their homes by lease option.
What are benefits of selling my house on a lease option?
When you lease option your house, you sell right to purchase your home at a set price within a predetermined period of time. During that time, purchaser of lease option pays you a set monthly fee. They pay what amounts to their “rent” to you with provision that they can purchase your house within a certain period of time and have part of rent that they have paid you applied to their final purchase price.
Q What are advantages of selling my home by lease option over listing it with a Realtor?
By selling your home in this way, you avoid realtor fees and some other closing costs. You also have a tenant who intends to purchase your property. They will take better care of home than a renter would and may even fix it up a bit for you. You also, naturally, have your payments taken care of and keep tax benefits of owning your home, until final sale.