There are numerous reasons why homeowners are choosing to sell their homes via rent to own. Many people overlook it, but there can be a ton of benefits to selling this way. Learn more about what to expect and the selling process in our latest post!
Selling your house via rent to own has a number of benefits and perks, especially during difficult times. We buy houses Knoxville is generally for homeowners who don’t mind a low ball offer. But for those who want to sell at or above market, finding qualified buyers does seem to be a concern shared by the majority of sellers. Using a rent to own agreement can be highly beneficial. For starters, it can greatly increase your pool of potential buyers! Second, this type of agreement can allow you to sell price your home above market.
Get What You Want
If you use a rent to own agreement to sell your house in Knoxville, you will likely be able to get your asking price. People buying this way are not looking for cheap properties offered by companies like we buy houses Knoxville. They are looking for the opportunity to buy nice market ready homes. At the same time, these rent to own buyers realize they aren’t in a place to negotiate with you on the cost. While it might take a year or two to be paid in full, selling in this manner will help to ensure you aren’t taking a loss on the home. You will be able to get your asking price, without having to deal with negotiations as you have the upper hand.
Sell Quickly
When listing your house on the MLS, it could end up sitting on the market for months. However, if you need to sell quickly East TN home buyers can make that happen! Don’t be the seller who meanders with a listing and ends up back at square one. When you advertise buy my house Knoxville TN, via a rent to own agreement, you will likely be able to find a buyer much more quickly. You will have a whole new audience of prospective buyers, many of whom are eager to buy your house right away. You’ll be able to sell faster, move into a better-suited home, and get the peace of mind you need!
Be Protected
When you sell your house via rent to own in Knoxville, there are many benefits you will receive. One of those is protection and security. If your buyers fail to meet their end of the obligation, the contract will be voided and you will retain ownership of your house. If they made a down payment, this is typically yours to keep, not to mention the extra rental income you received each month. While you will be back at square one with the sale of your home, you will have made some money and be further ahead financially. You then have the option to sell to another rent to own buyer to make some more money or sell it outright on the MLS. Most buyers will follow through, but in the rare case they don’t, you will still come out ahead. When selling your house in Knoxville via rent to own, you don’t have anything to lose!
More Potential Buyers
There are lots of people out there who want to buy a home. Some lack the down payment while others don’t have a high enough credit score to qualify for a traditional loan. Aside from looking for cash home buyers near me, when you sell your house via a rent to own agreement, you will not only attract traditional home buyers but a whole other pool of people who believe they weren’t qualified to buy. By opening your house to this whole other group of people, you will be able to sell your house faster and for more money. People buying houses via a rent to own in Knoxville don’t want to lose their deposit or the opportunity to buy. This can be an excellent group of people to sell your home too.
End The Holding Costs
Owning a house you don’t want can be expensive. Paying the utility bills, mortgage, and repair costs can feel like a struggle each month. It can be very frustrating to pay these bills but the good news is East TN cash home buyers can help sellers avoid these monthly expenses. By selling your house via a rent to own agreement in Knoxville, you will be able to quickly find Tennessee home buyers who will take over the utility payments and the maintenance costs. Plus, they will be paying you a “rent” payment each month that should more than cover your mortgage!
Do you need to sell your house in Knoxville? Using a rent to own agreement can be the most beneficial way for you to sell! At East Tennessee Home Buyers LLC, we can help you set up an agreement that will help you sell your house, make money, and get the peace of mind you need. You won’t have to live in the house longer than you need to and you will be able to generate a substantial monthly income that can pay for you to live somewhere else. To learn more about using a rent to own agreement to sell your house in Knoxville, reach out to our team today!