Main Menu
Articles Home
Most Popular Articles
Top Authors
Submit Articles
Submission Guidelines
Link to Us
Bookmark
Contact Us



Partners
 
Home / Family

How to Sell Your Home by Lease Options

By:Caterina Christakos



learn how to sell your home without a realtor

Many people buy a house then have to move within a few years, due to divorce, relocation or financial difficulties. Without any equity though, it can be nearly impossible to find buyers and you still have realtor fees to contend with. There is a simple, easy way to have your payments taken care of for you and find a buyer, so that you can move onto your new life quickly and easily.

Homeowners can sell their homes by lease option.

What are the benefits of selling my house on a lease option?

When you lease option your house, you sell the right to purchase your home at a set price within a predetermined period of time. During that time, the purchaser of the lease option pays you a set monthly fee. They pay what amounts to their rent to you with the provision that they can purchase your house within a certain period of time and have part of the rent that they have paid you applied to their final purchase price.

What are the advantages of selling my home by lease option over listing it with a Realtor?

By selling your home in this way, you avoid realtor fees and some other closing costs. You also have a tenant who intends to purchase your property. They will take better care of the home than a renter would and may even fix it up a bit for you. You also, naturally, have your payments taken care of and keep the tax benefits of owning your home, until the final sale.

How long does it take before your tenant/buyer cashes me out?

A That depends on a number of different factors. Many people with less than perfect credit can rebuild their credit and receive a mortgage from a mortgage broker within 6 consecutive payments.

Why dont I just sell the house myself?

If you have little or no equity in your home, it will not be considered a good investment by most buyers.

What if my tenant/buyer doesnt buy the house?

A It is important to pre-screen buyers to make sure that they want to buy the house and are able to buy it at some point in the future. However, circumstances can change in someones life, such as an unexpected job transfer, that make it necessary to move. In situations like that, a new tenant buyer would have to be found.

Caterina Christakos is an independent real estate investor and facilitator. For more information or help setting up your lease options and screening buyers email Caterina at Cchrist896@aol.com

About the Author

Written by Caterina Christakos (c)2001 for more writing tips check out: http://www.howtowriteachildrensbook.com





Digg del.icio.us Blink Stumble Spurl Reddit Netscape Furl

Article Source: http://www.articles2k.com



Top Family Articles
  • 1). Signs a Guy is with you for your Body  By : Todd Peterson
    Your mother and father have probably been warning you about the "bad guy" as far back as you can remember. Well, chances are likely that you'll encounter more than a few while in high school. Every school has at least a few male pigs whose only goal in li
  • 2). A Man and His Baby  By : Ieuan Dolby
    When a couple steps forth with a baby in tow everything in life is stable and normal. People hold open doors, hard shopkeepers “chuck” and go all
  • 3). Where did Halloween come from?  By : Hege Crowton
    About 2000 years ago in the area which today is Northern France, England, Scotland and Ireland, lived the Celts. Their festival of Samhain is where the traditions of Halloween originated.
  • 4). To Will Or Not To Will, Dos And Donts In Making A Will  By : Henry Clark
    First things first, you should have a will. Wills not only do the obvious: distribute wealth and possessions to loved ones; they also leave an impression on how carefully one has managed his or her estate especially for those left behind. The following are things one should and should not do in making a will: Do update your will Everything changes.
  • 5). Are You Listening?  By : Helaine Iris
    Are You Listening? Helaine Iris 2003 At any moment, you have a choice, that either leads you closer to your spirit or further away


New Family Articles
  • 2). Basic Principles of Christian Dating  By : Keith Londrie
    It is often more complicated for a Christian dating than it is perceived to be. Dating is a natural desire in life. Christian dating is not as easy as following guidelines provided by faith.
  • 4). Take The Pregnancy Health Quiz  By : Julian Hall
    Most women dont know that they are pregnant for several weeks after conception, its important to be in optimal health before trying to become pregnant.
  • 5). Family Reunion Organizer 101  By : Marie Christianson
    Vacation getaways can be real fun. However, getting a grand vacation package during holidays is only half the fun. What counts most are the people included in the activity.
  • 6). Dont Take The Chance - Get An Early Pregnancy Test  By : John Morris
    In many cases, getting an early pregnancy detection is absolutely essential and can not be understated. If you neglect to take an early pregnancy test, you may inadvertently stop your pregnancy, or worse, not stop your pregnancy but cause horrible complications or serious conditions to the fetus growing inside you...
  • 10). Statistics On Teenage Relationships  By : Jonathon Hardcastle
    Being a teenager is a troubling time. While adjusting to all the changes going on both in your biology and your responsibilities, making the right decisions can be hard when it comes to topics such as relationships.


 

2006 articles2k.com - Privacy Policy