Most investors want to sell properties outright.
They hope for a clean, quick transaction. But for many, it's just not happening.
Rent-to-own sales, or lease options, are moving into the mainstream, according to Robert Eisenstein with HomeRun Homes, an online classifieds website dedicated solely to rent to own transactions.
The benefits of rent-to-own for tenant/buyers are obvious: the chance to scope out a neighborhood before buying, and getting into a house without having to apply for a bank loan. Apportioning the lease option payment in each month's rent payment also forces buyers to stick to a budget.
But the advantages for sellers are more subtle. "For sellers, it's a matter of being stuck with a property they can't move in this sluggish market," explains Eisenstein. Read more...
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