Both buyer and sellers have advantages and disadvantages of rent to own home contracts. Know both benefits and risks of rent to own home agreements.
Higher sales price : Rent to own home contract can be the potential for a higher sales price
Earn income on your property : Using this type of contracts you can earn income on a property
Get rent on time : In Rent to own home agreement every time the buyer must pay home rent on time without any delay.
Long term rental agreement : In rent to own contract can be placed on a one to five year lease with a purchase option.
Higher Rent : In this type of contracts you can demand for a higher rent payment than usual rent.
Non-refundable option deposit : In this type contracts, the buyer has to pay the non-refundable option fee. If the buyer fails to buy the home, the non-refundable money remains with the seller.
Property safety : Actually the buyer have an expectation to later purchase the property from you, that's why take better care of the home that usual renter
No need a real estate agent: Seller need to pay expensive real estate fees when selling their home with an agent. But in a rent to own transaction, You don’t always need a real estate agent. So you can save real estate fee.
Rent To Own Homes Benefits for Seller :
Higher sales price : Rent to own home contract can be the potential for a higher sales price
Earn income on your property : Using this type of contracts you can earn income on a property
Get rent on time : In Rent to own home agreement every time the buyer must pay home rent on time without any delay.
Long term rental agreement : In rent to own contract can be placed on a one to five year lease with a purchase option.
Higher Rent : In this type of contracts you can demand for a higher rent payment than usual rent.
Non-refundable option deposit : In this type contracts, the buyer has to pay the non-refundable option fee. If the buyer fails to buy the home, the non-refundable money remains with the seller.
Property safety : Actually the buyer have an expectation to later purchase the property from you, that's why take better care of the home that usual renter
No need a real estate agent: Seller need to pay expensive real estate fees when selling their home with an agent. But in a rent to own transaction, You don’t always need a real estate agent. So you can save real estate fee.