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Lease purchase home sale. Huntsville AL, Madison AL, Hampton Cove AL

By
Real Estate Broker/Owner with Rosenblum Realty Inc.

 

 

 

Lease purchase home sale. Huntsville AL, Madison AL, Hampton Cove AL 

 

 start out  listing the house for sale with a lease purchase considered. With a lease purchase, we may attract buyers who didn't think they could buy or who are a few months away from being able to purchase. We are sometimes able to set ourselves apart from other active listings that are competing for the same buyers. 
 
In order to protect your interests and making it simpler to separate from a tenant / buyer that fails to follow through with a purchase, we structure these transactions as options to purchase. If the tenant / buyer fails to complete the transaction the option expires. They are then just a tenant under a stand alone standard lease. The shorter the option term the better. The longer we wait to close, the more thins can come up in the tenant / buyer's life to sidetrack the purchase. We will ask for a nonrefundable earnest money in addition to a security deposit under the lease.
 
If we don't have the house sold in a few weeks we can list it for rent concurrently.
 
Once our tenant moves out we will inspect the house and let you know if it needs any work or inexpensive improvements so it shows it's best. We will take fresh marketing photos, draft a comprehensive virtual tour and begin our marketing, We will post the house on our websites, the MLS, all of the national realty websites, Craig's List and social media. We can schedule an open house targeting days with good weather and no events that might draw away visitors. (Superbowl, religious holidays and local public events )
 
MLS home searches are usually set up in $5,000 increments. We would show up on more searches at $155,000 than at $156,000.

Lease purchase homes in Huntsville, Lease purchase homes in Madison, Lease purchase homes in Hampton Cove
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Thanks for a well written and informative post Philip Winburn - we hope to read more from you - so we are now following you!

Apr 17, 2016 03:06 AM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

We do not see much leases with right to purchase in my area, especially now when housing prices are so high. 

Aug 20, 2017 10:12 PM