For those who may be ready to sell yet can hold onto a house that is ready for rental for a few years longer, the rent-to-own scenario provides some perks that make rent-to-own an option worth considering.
There is a large buyer pool waiting for these opportunities, seeking to attain the lifestyle that homeownership affords before they’re ready for a mortgage. Read on as we explore five benefits of selling your house via rent to own in Mishawaka
One benefit of selling your house via rent-to-own in Mishawaka is in the equity that will build over the time of the contract so that when your property closes, you will make more significant gains on the sale. By selling directly to a local professional home buyer like those at NK Developments LLC, we can help you understand the projected returns you can expect.
When you sell your Mishawaka home through rent-to-own, you’ll get the deposit funds immediately. This gives you a quick influx of cash to offset any carrying costs associated with holding the property. And, because you’re working with a local professional home buyer like NK Developments LLC, the entire process will move quickly, so you can start counting your cash in just a few days. Our team of experienced local pros is dedicated to making the selling process as fast and easy as possible for our clients. So if you’re looking for a quick and hassle-free sale, rent-to-own is the way to go.
Much like squeezing the final precious drops of cash out of your house, with rental rates quickly rising, you could gain a significant boost in returns on the investment you have made in the house before finally exiting the property. Rental premiums, added to the monthly rent, are another benefit of selling your house via rent to own in Mishawaka. If the buyer exercises their buying option, the rental premium applies towards the downpayment. However, should the buyer fail to exercise the option, you’ll keep the option fee you charge for their down payment and the premium payments. Selling via rent-to-own to a professional home buyer like those at NK Developments LLC means you won’t need to worry about your buyer backing out or finding another buyer for your property down the road.
Another benefit of selling your house via rent-to-own in Mishawaka is that, unlike typical rental properties, there will be minimal for you to do in the role of landlord other than receive your income. Therefore, you can design the contract to negate the impact of routine repairs and maintenance. Most of these expenses will fall upon the tenant, who will treat the property as if it was their own. Often, there is a top-dollar limit on the repairs for which they’re responsible.
Another plus of rent-to-own sales, you won’t be paying the monthly mortgage and utilities you would be responsible for during a listing period on the market, saving you even more. Another of the benefits of selling your house via rent-to-own in Mishawaka, when you work with a local professional home buyer like those at NK Developments LLC, there are no commissions, closing costs, or hidden fees to come off your profits.
The local professional home buyers at NK Developments LLC are ready to buy – at your asking price via rent to own. If you’d like to talk to one of our seasoned pros about the benefits of selling your house via rent-to-own in Mishawaka, we’ll answer your questions or concerns with no obligation. The team at NK Developments LLC is proud of our work helping our neighbors here in Mishawaka solve problems, and we want you to feel good about working with us long after the closing. Call NK Developments LLC at (574) 498-3434.