I'm a Seller in a Buyer's market. Is it better to rent out my place or offer a lease option (rent to own)? - rent with option
I tried to sell my apartment for a few months, but the market is very slow, and I'm in competition with sales in the short / fone jacker trick tricks of the market at around U.S. $ 50 thousand less than I made lists. I know it's a buyer's market, so I'm only taking into account rent my house and keep it as an investment property instead. Or would it be wiser to choose leasing (leasing) from the sale?
Saturday, January 23, 2010
Rent With Option I'm A Seller In A Buyer's Market. Is It Better To Rent Out My Place Or Offer A Lease Option (rent To Own)?
2 comments:
Also, it is a very desirable option, but I understand their need for revenue to pay the mortgage. When you hire a pension "ready to" situation does not, buyers who do not win the requirements for conventional financing to own. If they could afford to actually not based on this option.
In addition, make sure that each screen potential candidates, whether for rental or leasing property. There is nothing worse than collecting rent from a few months and go with one and find that the tenant has broken his precious condo. Exercise reasonable diligence, have received background checks and credit and deposit as much as possible.
My suggestion.
I FHA refinancing, while currently occupied by the owner. Your FHA loans assumable. You can pay cash, take 95% for the assessment. Then you can expect to have someone of your mortgage up to $ 150. Must meet the conditions for credit, but say no payment or closing costs per.
Set the number or the people who will buy your house if you only need $ 150. The title will be on top of that, but you can afford. Get your money while you live in the apartment, so someone take your speed.
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