Home sitting vacant? Try the lease-option and wait the slow market out!

By
Education & Training with Network Funding LP NMLS #116235
FSBO SOLUTIONS MLS Marketing Options Plan
Lease your home now! And get a better tenant!

My name is Jason and I see that you are leasing your home. I have several clients in the Puget Sound area that are interested in a lease-option a home. If you are willing to lease-option your home, I should be able to quickly find someone. If you are not sure what a lease-option is, I will explain....

A lease-option is basically a lease with an option to purchase your home at a set price, determined by you plus an increase of 4-5% per year. The term is usually 12-24 months. The tenants usually pay 10-20% higher rent amount than fair market plus pays you a non-refundable option fee of 1%. The tenant/clients are usually a better quality tenant because they would put down first/last/deposit/option fee. Effectively, you get a better tenant, more money down, and the chance to sell you home at market plus 4-5% more per year.

Here is an example....
You have a home worth $350,000 and want to rent it for $1600 with first/last/deposit down (approx $4200). I would advertise your home for a $1750 per month lease-option with first/last/deposit/1% option fee (approx $7700) and offer the home on an option price of $350,000 plus 5% or $367,500 at the end of one year. You would receive an extra $150 per month plus an additional $3500 in the beginning plus $17,500 on the purchase price if they purchase. If not, you keep the option money and move on to the next client. It's a simple strategy to increase your return on your home!

We have clients now that are ready to lease-option. Please visit my site http://www.mynwagent.com  or call 253-315-5580 (toll-free 1-877-560-1313)

We also have MLS plans available for advertising your home for lease or for sale. Call for more details.
MLS Marketing Plan is for sellers wanting the most effective advertising for your home. With this plan your property will be advertised by real estate and marketing professionals, using tools of the trade. Your home will be advertised, using the Washington State "Multiple Listing Service". (The MLS is the fundamental tool used by realtors to research properties.) Once your property has been entered into the MLS it is accessible to all Washington state realtors. This service is hugely successful and may entail a partial commission to a buyer's agent.


www.mynwagent.com
FSBO Solutions
253-315-5580 (Jason)

Comments (1)

Wayne Miller
San Diego, CA

I like your blogs Jason, they are so educational and interesting. 

This is a win-win situation.

 

Oct 08, 2007 02:57 AM

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