Are you sick to death yet of getting that call? Will your seller lease/purchase, bond for title, rent? I know I am although I've been told that this is the next "wave" to come. As agents we can put this information in the remarks section of MLS so that agents showing do know if that property meets the criteria. But I've had buyers agents try to beat me up over the fact that my sellers (who are flip investors for the most part) will not even consider these options.
No, my sellers want to SELL the property. If they don't sell, they can't continue to flip and create cash flow as well as improving the subdivisions where these houses are falling into ruin by just sitting there empty.
I personally have never done a lease purchase...close a few times and I know it can be a lucrative industry if we collect our "portion" on the front and back side of these deals. But the paperwork is overwhelming. I'd just as soon list/sell and represent buyers on a purchase side. Realizing that there is much need for lease/purchase in today's market, we have specialists that can take care of these thing and give us a referral as well.
But again I recently had a leasing agent call me and browbeat me! What do you mean he wont' consider leasing it? It's been on the market for 2 months..what's he gonna do..just let it sit there?" Geez dude you're right..it's only been on the market for 2 months and for goodness sake IT"S SPRINGTIME. The buyers are out in droves. What would YOU do Mr. Leasing agent if the prospect of selling vs. lease on your own home came forth? I bet you'd wait out the spring at least!
Do we need now to put extra riders on signs that say "for sale ONLY?". What's a good agent to do? Just weather the storm I guess and take it in stride and pray for the buyers to get qualified.
Good hunting!
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