Have you ever considered using a rent-to-own agreement to sell your house fast in Omaha and Council Bluffs? The real estate market is in a period of transition as more people are working from home, and homeschooling is on the rise. Many would-be homebuyers in Omaha and Council Bluffs are also transitioning their credit standing to prepare for homeownership in Omaha and Council Bluffs, as they are not yet in a position to qualify for conventional financing. You can either create this agreement as an option, where they can walk away voluntarily at the end of the term, or as an agreement that would bring legal action for default. Or, you could have an option for an extension if the direct cash home buyers in Omaha and Council Bluffs are not quite ready to buy at the end of the original term.
Failure on the part of the home buyers to gain approval for a conventional loan at the end of the two or three-year period set out in the rent-to-own agreement means that the home defaults back to you. You’ll then have the option to rent or resale the property while keeping the deposit and any extra rent fees in the agreement added to the monthly rent as credit towards the down payment.
Because you are in the driver’s seat, you can set the terms for maintenance, repairs and who pays homeowners insurance, and even the taxes in the contract terms. Read on to learn more about how to set up a rent-to-own agreement that will help sell your Omaha and Council Bluffs house for the highest price possible
Get Your Asking Price
Sellers who want to sell their house fast in Council Bluffs and Omaha are taking a risk in working with home buyers in Council Bluffs and Omaha with less than perfect credit. You also risk home values jumping far beyond current expectations. Because you are offering a benefit that is otherwise unattainable to these home buyers, you can set the asking price at the potential value the property could have in the future as your sales price now. On the other hand, you’ll come out ahead if home values drop because the sales price is predetermined. Because there is far higher demand than supply of homes available through a rent-to-own deal, providing this opportunity will help sell your Omaha and Council Bluffs house to eager home buyers for the highest price possible.
Potential Home Buyers
The typical younger rental pool that would typically seek temporary housing solutions is now turning its eyes towards a more permanent residence, desiring the benefits of homeownership. When sellers offer setting up a rent-to-own agreement, this opens the door to more potential direct cash home buyers in Council Bluffs and Omaha. These homebuyers in Omaha and Council Bluffs understand all too well the chance that they have been provided and are highly motivated towards a successful outcome to the agreement. These factors combine to bring added value, which helps you sell your Omaha and Council Bluffs house for the highest price possible.
Protection
While some risks are involved in working with home buyers in Omaha and Council Bluffs who are repairing credit, there is no need to take needless risks. Therefore, you should consider using an experienced real estate lawyer to review your rent-to-own agreement. Avoiding legal conflicts over a poorly constructed contract benefits both parties, the seller and the direct cash home buyer in Omaha and Council Bluffs. Ensuring both parties have legal protections and disputes will likely be avoided is helpful when you sell your Omaha and Council Bluffs house with a rent-to-own agreement for the highest price possible.
We buy houses in Omaha and Council Bluffs and we will make it easy! At Harter Investments, our process is simple and straightforward! We make it easy and fast, working with experts from every walk of the real estate industry. Our team at Harter Investments can help guide you through setting up a rent-to-own agreement. Our goal at Harter Investments is to help you sell your Omaha and Council Bluffs house for the highest price possible. The professionals at Harter Investments are happy to answer any questions or concerns you may have about rent-to-own agreements with no obligation. Call Harter Investments at 402-939-6556 or send us a message today or visit us at www.harterinvestments.com!
