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Channel: Creative Common Genuine Videos
Date: 18/12/2019

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How to Sell Your House Using a Lease Option

Are you trying to sell your house in a buyers market? A lease option may be the perfect solution to ensure you get top dollar for your home. It may even generate some extra income off the sale. With a lease option, you rent your property to a potential buyer and give them an option to buy at the end of the lease term. Using a lease option lets you tap into a huge pool of people who want to buy a home but who arent quite ready to make the purchase yet.

Finding a Potential Buyer Fix up your home.

 You’ll get the largest number of offers if you fix up your home as much as possible before advertising. Correct major problems first, such as rickety stairs, broken windows, and leaks in the roof.  At a minimum, the home needs to be habitable livable. This means that you must provide sufficient heat and hot water to your tenant. The home should also be sufficiently safe, by having a deadbolt lock and locks on the windows. States and municipalities create livable standards for rental property. Stop into your local housing authority or town office and ask for requirements.   At a minimum, the home needs to be habitable livable. This means that you must provide sufficient heat and hot water to your tenant. The home should also be sufficiently safe, by having a deadbolt lock and locks on the windows.States and municipalities create livable standards for rental property. Stop into your local housing authority or town office and ask for requirements.Consult an attorney.

 Not every state allows rent-to-own agreements, so you should consult with a real estate attorney before putting your home on the market. You can find a real estate attorney by contacting your local or state bar association and asking for a referral.   Also have the lawyer walk you through the process, even if you don’t want to hire them. Of course, hiring the lawyer can make things easier on you. They can draft the lease option contract and negotiat Are you trying to sell your house in a buyers market? A lease option may be the perfect solution to ensure you get top dollar for your home. It may even generate some extra income off the sale. With a lease option, you rent your property to a potential buyer and give them an option to buy at the end of the lease term. Using a lease option lets you tap into a huge pool of people who want to buy a home but who arent quite ready to make the purchase yet.

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