Is Rent To Buy A Good Option? Scott Rister
Do you have a property that you cannot sell? Do you think there are some wrong choices that you are making is affecting the sale? Are you looking for solutions to gain ROI from the property? Have you thought of other options if the property is not selling? Are you looking for suggestions? If yes, then Scott Rister is the right person to resort to. He is a man who knows all about the real estate world. His escalating knowledge has helped many do better in their real estate profession. If you are not getting the desired results from the property you own, then its time to change things. Below are some points that you need to make a note of:
Creating a rent to own scenarios. If it is not selling then look for a buyer and lease the property for a designated time. And in between, you may find a prospective buyer. Renting as compared to selling will give you an immediate cash flow from a property that was producing none. Higher monthly rent can be charged if your property is in the prime areas and in good condition. Tenants are responsible for basic maintenance and repair tasks so you need not worry about such expenses.
There are times when one is looking for selling and the option of rent to own arrangement comes in. This will definitely tempt you as a seller and you will take the offer. Below are some advantages for the buyers:
Less cash required compared to conventional financing, here the lease option has much lower upfront cash requirement. The buyer can try out the house before buying and see if they really like it. Buyers can move within a day or two after the lease agreement is signed.
According to Scott Rister when we get the advantages along with that comes the disadvantages as well. This is a little complicated process and may require taking help from a lawyer if you are less experienced and knowledgeable about this. Never attempt to do it yourself as you will be setting up trouble for yourself. Another most important point is never negotiate with the buyer for the price once they decide to exercise the option.