Secrets of how to sell a house by owner

When it comes to selling your home by owner, it can be confusing. What forms to use. How to promote it so that people find you. Even how to take care of the closure and the recordings. However, there is an overlooked part of the sale that most people don’t give enough thought to.

Money.

This is how the deal is done. After all, if the buyer doesn’t get the funds in his hand, he can’t close. And in this crazy real estate market, where everyone is wondering if we’re recovering or entering another bubble. If housing improves, mortgage lending will be easier or harder (as it has been lately).

One of the least known, but most powerful selling techniques when it comes to selling your home is a lease option. This is also known as rent-to-own. A leasing option is basically finding a well-qualified tenant/buyer who wants to buy your home, but for one reason or another, just can’t qualify right now. It may be because of some strain on your credit from the latest crisis or because your lender requires a higher down payment than you currently have saved.

Either way, these are people who really want to buy, have the income to support the property purchase, and just need a little more time to get financing.
And this market is huge. The number of people in this category is huge right now. A good 80% of people who want to buy and can afford it simply can’t get approved right now.

To sell your home quickly on this market, for your account and the full purchase amount (since there are no fees or commissions when selling with a lease option), this method can be a great solution. The buyers are there, and if you can wait a year or two for them to charge you…this can take you out of your payments and get you the best possible price.

If you’re worried about owning… don’t. Selling with a lease option attracts buyers who want to buy, not just serial tenants. There is a big difference in their way of thinking. A tenant just wants a place to live for a period of time and move on. They won’t clean, don’t care about repairs, and will usually leave the house at a moment’s notice, not in the best condition.

When you deal with buyers, you get a large family that wants to buy your property. Not just moving from one place to another, but a real buyer who will take care of all the repairs, keep the place spotlessly clean and make sure the payments are made on time as they don’t want to lose their option.

You, as a seller, also benefit from the higher market or payouts you’ll receive, you won’t have to deal with all the daily maintenance and you’ll get the full selling price when you pick it up…unpaid. a commission or fee from a real estate agent… which usually results in more than 10% of the price. This works great if you don’t have a lot of equity or if your mortgage is on the upswing.

Selling your home on a lease or rent-to-own basis is one of the best-kept secrets of how to sell your home yourself quickly and get the best price.