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  • Casual Articles - Should You Use a Lease/Purchase (Rent to Own) Approach to Sell or Rent Your Home?

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    t nobody wants a short-term rental with no idea when they have to move out. And what if the tenant WON'T move out when you have it sold? A FSBO lease/purchase agreement could be a solution.

    So you decide to leave it vacant. You make two, three even four mortgag

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    Have you ever dealt with bad renters? Late payments? Stains on the carpet? Calls late at night about a stopped toilet? Sometimes being a Landlord is not a fun game, especially when you have a nice home and bad tenants.

    Have you taken advantage of the recent low interest rates and refinanced your home to the maximum? What about a home equity loan or other form of second mortgage? Do you know how much you can walk away with from the closing table after paying all mortgages and associated costs, like realtor fees? Many people walk away with very little or nothing. Some even have to pay. If this scenario applies to you, it may make sense to delay the sale of your home. It may be possible to generate positive cash flow and lock in a higher selling price with a FSBO (for sale by owner) lease/purchase agreement.

    Here's another scenario: You want to sell your own home, but it's not moving as fast as you would like (or as fast as the "fast-talking" realtor who convinced you to list it). You've thought about renting it to cover your mortgage payment, but nobody wants a short-term rental with no idea when they have to move out. And what if the tenant WON'T move out when you have it sold? A FSBO lease/purchase agreement could be a solution.

    So you decide to leave it vacant. You make two, three even four mortgage

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    interest rates and refinanced your home to the maximum? What about a home equity loan or other form of second mortgage? Do you know how much you can walk away with from the closing table after paying all mortgages and associated costs, like realtor fees? Many people walk away with very little or nothing. Some even have to pay. If this scenario applies to you, it may make sense to delay the sale of your home. It may be possible to generate positive cash flow and lock in a higher selling price with a FSBO (for sale by owner) lease/purchase agreement.

    Here's another scenario: You want to sell your own home, but it's not moving as fast as you would like (or as fast as the "fast-talking" realtor who convinced you to list it). You've thought about renting it to cover your mortgage payment, but nobody wants a short-term rental with no idea when they have to move out. And what if the tenant WON'T move out when you have it sold? A FSBO lease/purchase agreement could be a solution.

    So you decide to leave it vacant. You make two, three even four mortgag

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    walk away with very little or nothing. Some even have to pay. If this scenario applies to you, it may make sense to delay the sale of your home. It may be possible to generate positive cash flow and lock in a higher selling price with a FSBO (for sale by owner) lease/purchase agreement.

    Here's another scenario: You want to sell your own home, but it's not moving as fast as you would like (or as fast as the "fast-talking" realtor who convinced you to list it). You've thought about renting it to cover your mortgage payment, but nobody wants a short-term rental with no idea when they have to move out. And what if the tenant WON'T move out when you have it sold? A FSBO lease/purchase agreement could be a solution.

    So you decide to leave it vacant. You make two, three even four mortgag

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    purchase agreement.

    Here's another scenario: You want to sell your own home, but it's not moving as fast as you would like (or as fast as the "fast-talking" realtor who convinced you to list it). You've thought about renting it to cover your mortgage payment, but nobody wants a short-term rental with no idea when they have to move out. And what if the tenant WON'T move out when you have it sold? A FSBO lease/purchase agreement could be a solution.

    So you decide to leave it vacant. You make two, three even four mortgag

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    t nobody wants a short-term rental with no idea when they have to move out. And what if the tenant WON'T move out when you have it sold? A FSBO lease/purchase agreement could be a solution.

    So you decide to leave it vacant. You make two, three even four mortgage payments. Your insurance company cancels your homewoner's policy because it has been vacant for more than 30 days (it's true, they can do it so read your policy!). You don't want to severely discount the price, yet you need to do something NOW! Here's a FSBO solution - lease with option to buy or lease/purchase (also referred to a rent to own).

    What does the FSBO lease/purchase of a home mean?

    LEASE + PURCHASE OFFER = LEASE/PURCHASE AGREEMENT

    At some time in your life, you have rented a house or apartment, so you are familiar with a lease agreement. If you have ever bought or sold a house, you are familiar with a purchase offer. The lease/purchase agreement is a hybrid of the two - a lease agreement combined with a purchase offer (sometimes called "rent to own" or an "option," or that is, the right to buy at an agreed upon price).

    Here's an example of how lease/purchase works. Let's say you have a house worth $100,000. The "going rent" in your market for that house may be about $800 per month. A lease/purchase agreement wou

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