355. 5 Perks of Using a Rent to Own Agreement to Sell Your House in Houston

Sell House Fast Houston even if you are getting behind on payments for your house you can sell your Houston house to local cash buyers like us. We Buy Houses in Houston TX in any condition, even if you are late on the payments. We offer cash for houses and can close fast. Buying your Houston house fast may be the most ideal, especially if you’re behind on your house payments.

Using a rent-to-own agreement can be a great solution to selling for both the buyer and the seller. There are two basic types of rent-to-own agreements, an option to buy or an agreement to buy. With the option, the buyers can try out the property as if it were their own. At the end of the agreed-upon period, they can either buy or walk away. Just as it sounds, with an agreement to buy, the buyer must follow through with the contract. Because you hold the property, you also hold the cards in the negotiations. Ready to learn more? Read on to find out about these five perks of using a rent to own agreement to sell your house in Houston

Different Sector of Buyers

While competition is fierce for buyers on the MLS, buyers who may not quite fit the bill for the traditional loan are just waiting for a chance at attaining homeownership. Because of their inability to qualify for conventional loans, and opportunities are limited in this market sector, rent to own properties rarely sit for very long. Due to low supply and high demand, rent to own is a seller’s market, which is a great perk of using a rent to own agreement to sell your house in Houston

Speedy Sale

A quick sale is a money-saving perk of using a rent to own agreement to sell your house in Houston. While you still maintain ownership of the property, you won’t need to be concerned about paying holding costs, waiting for the right buyer to come along on the traditional market. Because you’re the financier, you won’t have to wait for all of the processes that gobble up time with conventional loans.

Collect a “Down Payment”

A sizeable down payment to secure the deal is an excellent financial boost and a perk of using a rent to own agreement to sell your house in Houston. The best part of all, should your option buyers walk away or your agreement buyers fail to gain financing, you keep all of the monies you’ve collected over the term of the agreement, including the large down payment.

Confidence in Your Tenants

Because your tenants have placed so much money into the property, you can rest assured they won’t walk away without good reason before the contract ends. Additionally, because they act as if they are the owners, the tenants are typically responsible for the maintenance and repairs. This peace of mind is a nice perk of using a rent to own agreement to sell your house in Houston. 

Get Market Value +

Holding the cards means you set the rules of the game. When it comes to rent-to-own contracts, you’re, in essence, keeping your home off of the market for a specific period. Making an educated estimate of the home’s value may be when the contract ends, you can set the sale price at a higher value than the current market. Additionally, you can charge a higher than average monthly rent while collecting an additional amount towards the purchase as a further part of the down payment, spread out over time. This immediate gain in value is another perk of using a rent to own agreement to sell your house in Houston. On the other side of the coin, if the market value drops, you avoid an equity loss.  

Sell House Fast Houston

If you need to sell your Houston house fast, contact us by phone at 281-306-5191 or just fill out our form below anytime. We are credible house buyers in Houston and can help you sell your house fast because we can buy it fast 🙂 . As a house buying company in Houston, we do our best to provide the best solution and offer for your house. Call Sunrise House Buyers TX to discuss these and many more perks of using a rent-to-own agreement to sell your house in Houston. Sunrise House Buyers TX makes the process easy and can help you with every step! Send us a message or call 281-886-8644 today!

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