If you want to sell quickly and want your price without the hassle of negotiating with buyers, you may want to consider selling your Kansas City house via a rent to own agreement. For those positioned to hold the property for an extended time, a rent-to-own agreement can be a profitable way to sell, with buyers willing to pay a higher price. A rent-to-own sale earns more because you offer the buyers an opportunity to experience all of the perks of homeownership while repairing any credit issues or saving for a downpayment.
The term can be anywhere from 6 months to 30 years or more. At the term of the agreement, you have options to consider. At the end of the agreement, they buyer will either secure their own mortgage to buy, request to extend the lease, or provide notice that they will be moving out. If they. move out, you can find a new rent to own tenant or move forward with selling directly.
Why would you consider selling your Kansas City house via rent to own agreement? Here are the reasons why we like to sell with rent to own.
Reduced Vacancy Risk
By entering into a rent-to-own agreement, you also minimize the risk of your property sitting vacant. Vacancies can be costly for property owners, as they result in a loss of rental income and may require additional marketing efforts to attract new tenants. With a rent-to-own agreement, the tenant-buyer has a vested interest in the property and is more likely to treat it as their own home. They are less likely to move out abruptly, ensuring a more stable occupancy for your property.
Costs Of Listing Are Saved
Saving the costs of a listing is another reason to consider selling your Kansas City house via a rent-to-own agreement. You won’t be paying commissions or other fees associated with listing on the MLS, including marketing. There will not be any need for professional high-quality digital photography and drone videos, prepping the property for buyers, and even paying a professional stager to realize the best possible sales price on the market.
Increase Your Buying Pool
Rent-to-own agreements offer a unique opportunity for potential buyers who may not qualify for a traditional mortgage at the moment but are actively working towards homeownership. By opening your property up to this larger pool of buyers, you increase the chances of finding a qualified and motivated individual who is eager to commit to purchasing your house. This can help expedite the selling process and save you time and effort.
Steady Monthly Income
Another significant benefit of selling rent-to-own is the steady monthly income you’ll receive from the rental payments. In a rent-to-own agreement, the buyer pays a monthly rent, which is often higher than the typical rental rate. This increased rental income can provide you with a reliable source of cash flow, helping you cover mortgage payments, property taxes, or other expenses associated with the property.
Furthermore, since the buyer is responsible for most maintenance and repairs during the lease period, you can reduce your overall expenses. The burden of regular maintenance and upkeep is shifted to the buyer, giving you more financial freedom and peace of mind.
Sell Faster
Selling your Kansas City house through a rent-to-own agreement can also help you sell your property faster. Traditional home sales can sometimes take months or even years, especially if you’re in a competitive market or facing challenging economic conditions. However, with a rent-to-own agreement, you can attract motivated buyers who may be willing to move forward quickly.
Selling your Kansas City house through a rent-to-own agreement provides several advantages. From setting your sales price to saving on listing costs, increasing your buyer pool, generating monthly cash flow, and selling faster, the benefits are undeniable. Additionally, the flexibility and reduced vacancy risk associated with rent-to-own agreements make them an attractive option for both sellers and buyers. If you’re looking to sell your property and explore alternative methods, consider the advantages of selling rent-to-own in Kansas City .
Let Mastiff Home Buyers help you learn about selling your Kansas City house via a rent-to-own agreement. Angel will help you understand what you could earn by selling rent-to-own. Let Mastiff Home Buyers make it easy and let us be your rent to own tenants! When you work with Mastiff Home Buyers , we never charge you fees or commissions. Why not find out what is in your best interest with absolutely no obligation? Contact Mastiff Home Buyers at (816) 535-0076 .