Will you be listing my house on the MLS or actually buying it?

Great question. We’re not agents, and we don’t list houses. We are professional home buyers. We buy houses that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it a rental ourselves.

Do you pay fair prices for properties?

Many of the houses we purchase are below market value (we do this so we can resell them at a profit to another homeowner). We are looking to get a fair discount on a property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort, or expense is required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast… let’s see if we can come to a fair win-win price.

How do you determine the price to offer on my house?

Good question and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and the values of comparable houses sold in the area recently. As you know, house values have taken a huge hit in the last 5 years and most areas still haven’t seen prices come back up. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.

Are there any fees or commissions to work with you?

This is what makes us stand out from the traditional method of selling a house: There are NO fees or commissions when you sell your house to us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking the risks here on whether we can sell it for a profit or not, once we buy the house from you… the responsibility is ours and you walk away without the burden of the property and its payments… and often with cash in your hand).

How are you different from a real estate agent?

Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then takes the percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000-$6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different. We’re not agents, we’re home buyers. Our company actually buy houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple of days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).

Is there any obligation when I submit my info?

There is absolutely zero obligation for you. Once you tell us a bit about the property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there, it’s100% your decision on whether or not you’d like to sell your house to us…and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.

What is a Lease Option? How does Lease Option Work?

A lease option is a contract that allows the landlord to buy the rented house at any time during or after the renting period. Additionally, it prohibits the proprietor from putting the property up for sale to third parties. The Renter shall exercise the Option during the Term or surrender the Option of the house for lease near by me in Orlando. A lease with a purchase option is another name for a lease option.

How does Lease Options Work

Instead of being forced to purchase the property after the lease, a normal lease-purchase arrangement provides a potential buyer with greater options. The buyer and the owner agree on the home’s price in advance. The price is often set at the home’s current market value, allowing the renter to purchase the property at that price in the future. If the tenant chooses to purchase the house after the lease, the fee will go toward the down payment.

The leasing option is extremely beneficial for people who might be developing their credit or don’t have enough money set aside for a down payment. However, there are several leasing option elements to take into account.

Lease Vs Sell: Property for Lease near me in Orlando

Landowners may miss the potential to sell the home for a greater price if they choose to lease rather than sell. In return, tenants who choose to lease pay more for housing than they normally would.

The owner levies a premium in addition to the standard monthly rent for the right to purchase at the current price after the lease.

Conclusion

The premium might be a proportion that is added to the present rent, such as a 10% supplemental monthly rental fee for a house that size. If the tenant exercises the choice to buy the property, the premium, also known as rent credit, is included in the down payment for the house. If the house is not acquired at the end of the lease, the tenant forfeits the additional funds paid over the regular rent.