Rent to Own Works El Cerrito CA
Rent to own need not be a last resort to attract buyers. It can be a great way to sell your house, whilst also having many benefits for potential buyers. Sellers are able to earn money in the form of monthly rent from the tenants, whilst also knowing that the tenants are bound to a contract that can last for up to three years.
Atalanta Financial
510-508-9548
510-508-9548
1580 Solano Ave#D
Albany, CA
Albany, CA
Klingbeil Capital Management
(415) 398-0106
(415) 398-0106
615 Front St.
San Francisco, CA
San Francisco, CA
CresaPartners
(415) 249-4969
(415) 249-4969
275 Battery St., Ste. 1050
San Francisco, CA
San Francisco, CA
The CAC Group
(415) 291-8880
(415) 291-8880
255 California St., 2nd Flr.
San Francisco, CA
San Francisco, CA
GVA Kidder Mathews
(415) 229-8888
(415) 229-8888
505 Sansome St., Ste. 300
San Francisco, CA
San Francisco, CA
Marcus & Millichap
510.379.1287
510.379.1287
500 12th Street, Ste 260
Oakland, CA
Oakland, CA
The Axiant Group
(415) 374-2103
(415) 374-2103
Two Embarcadero Center, Ste. 430
San Francisco, CA
San Francisco, CA
Liquidium Capital LLC
(877) 350-1818
(877) 350-1818
50 California St., 15th Flr.
San Francisco, CA
San Francisco, CA
The Regus Group
(415) 954-8585
(415) 954-8585
1750 Montgomery St., 1st Flr.
San Francisco, CA
San Francisco, CA
Blackrock Realty
(415) 678-2000
(415) 678-2000
50 California St., Ste. 200
San Francisco, CA
San Francisco, CA
Rent to Own Works
The real estate market in the current economy is going through a heavy selling phase. Many properties that are currently listed have been for sale for some time, which results in frustration for sellers who wish to get rid of their home as soon as possible. One result of this situation is that more sellers are offering a rent to own option as a way to attract buyers.
Rent to own need not be a last resort to attract buyers. It can be a great way to sell your house, whilst also having many benefits for potential buyers. Sellers are able to earn money in the form of monthly rent from the tenants, whilst also knowing that the tenants are bound to a contract that can last for up to three years. During this time the tenant must pay the agreed rent value, with half of this money going straight to the home owner and the other half being put into a fund. This fund money is put towards the purchase of the house if the buyer decides to proceed with buying it, otherwise it is returned to the seller.
Many tenants in a rent to buy situation do not have a clear credit history and as such had difficult obtaining a home loan. Whilst this is unfortunate, they now have the opportunity of renting to own the property of their choice. They are at an advantage as the seller is unable by law to sell the house to another buyer whilst the rent to own contract is in place.
There are two parts to a rent to own contract. The first is the Standard Rental Agreement which stipulates the rental terms. The second part is the Option to Purchase contract which states that the buyer needs to pay a 2 5 non refundable down payment based on the price of the property. This is like a security deposit for the seller. The contract also grants the tenant an exclusive right to purchase the property where the buyer has a choice whether or not to buy the property after the rental period expires.
Sellers benefit from rent to buy by receiving regular, certain income over a certain period of time. Buyers benefit by knowing that the house they want wont be sold, and they can test the waters for one or more years before deciding whether or not to purchase it.
What happens if the tenants decide not to exercise their option to buy the house? In most cases, when you try to sell your home and it doesn t sell, it s a bad thing. Not with a rent to own deal simply get new tenants in, get a new option consideration down payment from them, and wait until the end of the lease to see if they exercise their option. Not only do you get a new non refundable option down payment, you get to keep the original option down payment from your first tenants. Many landlords who use the rent to own strategy hope that their houses never sell!
Provided by ZingArticles.com
Rent to own need not be a last resort to attract buyers. It can be a great way to sell your house, whilst also having many benefits for potential buyers. Sellers are able to earn money in the form of monthly rent from the tenants, whilst also knowing that the tenants are bound to a contract that can last for up to three years. During this time the tenant must pay the agreed rent value, with half of this money going straight to the home owner and the other half being put into a fund. This fund money is put towards the purchase of the house if the buyer decides to proceed with buying it, otherwise it is returned to the seller.
Many tenants in a rent to buy situation do not have a clear credit history and as such had difficult obtaining a home loan. Whilst this is unfortunate, they now have the opportunity of renting to own the property of their choice. They are at an advantage as the seller is unable by law to sell the house to another buyer whilst the rent to own contract is in place.
There are two parts to a rent to own contract. The first is the Standard Rental Agreement which stipulates the rental terms. The second part is the Option to Purchase contract which states that the buyer needs to pay a 2 5 non refundable down payment based on the price of the property. This is like a security deposit for the seller. The contract also grants the tenant an exclusive right to purchase the property where the buyer has a choice whether or not to buy the property after the rental period expires.
Sellers benefit from rent to buy by receiving regular, certain income over a certain period of time. Buyers benefit by knowing that the house they want wont be sold, and they can test the waters for one or more years before deciding whether or not to purchase it.
What happens if the tenants decide not to exercise their option to buy the house? In most cases, when you try to sell your home and it doesn t sell, it s a bad thing. Not with a rent to own deal simply get new tenants in, get a new option consideration down payment from them, and wait until the end of the lease to see if they exercise their option. Not only do you get a new non refundable option down payment, you get to keep the original option down payment from your first tenants. Many landlords who use the rent to own strategy hope that their houses never sell!
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Provided by ZingArticles.com