Are you wondering who will buy my house and rent it back to me San Antonio TX? There are many methods to Sell Your House Rent to Own San Antonio. If you want to Sell Your House Rent to Own San Antonio and you are not quite sure where to go or how to sell your house call us at 210-300-3307 we’re here to help.
How to Sell Your House Rent to Own in San Antonio to Us
There are a lot of benefits to Sell Your House Rent to Own San Antonio and surrounding areas!
First, know all the names and terms: Rent to own, lease option, and a lease purchase agreement are often used interchangeably, depending on who you ask. Not all properties are advertised this way, but technically, any property can sell your house rent to own in San Antonio.
Many home owners do not realize that there are many options when you sell your house. For many people selling your house by Rent to Own appeals to many more qualified buyers.
In the San Antonio area, lots of smart people are using rent to own agreements as a way to get the home of their dreams without having to qualify for a bank loan right away.
In the past few years, banks have been very tight on their lending criteria. Most people who use a rent to own agreement want a few years to get ready to qualify. This means that your house sits on the market and you keep making payments and making repairs.
What are the steps to Sell Your House Rent to Own in San Antonio ?
When you Sell Your House Rent to Own in San Antonio the price you receive for your home is often higher than if it was sold any other method including selling though a realtor.
The first thing determined is the price for your house by checking of recently sold homes in the area and this gives you a great price for your house.
The next step is to find a tenant buyer and have them fill out an application. The tenant buyers comes and visits the house, falls in love with the house and usually moves in within 30 days.
The tenant buyer is responsible for all utilities and repairs. That means for the seller (YOU) will get a great price for your home – no more mortgage payments or repair costs on the house.
When will I Sell Your House Rent to Own in San Antonio ?
Your lease option agreement (also known as the rent to own contract) will spell out the length of time that the tenant buyer has to complete the purchase of the property –it can be any length agreed upon but usually 2-3 years, but it can close as little as three months.
How do I know I have good tenant buyers in Sell Your House Rent to Own San Antonio?
They are not renters but tenant buyers. Most of the tenant buyers have gone through a divorce, had medical issues or just bumps in their credit. They are in the process of cleaning up their credit.
The purchase of your home usually takes place through a traditional mortgage loan and closes with a real estate attorney and a local title company.