Using A Lease Option To Sell Your House in Lawrenceville

The exit strategy you use to sell your house can make all the difference in earning the highest possible returns on your real estate investment. An extremely lucrative alternative to selling your house outright, lease options offer a way for you to earn a higher return on the sale. At the end of the agreement, typically one to three years, they can exercise the option to buy the home or walk away, and you keep the initial option fee that you collect upfront as a down.

Much like having tenants, you’ll be renting out your property. However, these tenants have much more at stake than the average tenants, as they are, in essence, test-driving ownership of the property. These tenants are willing to pay extra for the chance at living the lifestyle of homeowners while correcting any missteps with their credit or building savings for their downpayment on the property. With the right tenants and a thoughtfully constructed lease option agreement, many investors learn to appreciate this arrangement’s benefits and begin investing with a lease option strategy in mind. So read on as we explore using a lease option to sell your house in Lawrenceville.

Asking Price

Take control of your property’s sales price by utilizing a lease option to sell your house in Lawrenceville. With this strategy, you have the power to set the price, typically above market value to anticipate potential appreciation during the contract term. While you bear the risk of sudden value increases, the tenant assumes the risk of a decrease in property values.

Option Fee

Opting for a lease option strategy to sell your property in Lawrenceville offers the advantage of receiving an initial option fee, typically ranging from one to five percent of the sales price. However, it’s worth noting that option fees as high as twenty percent are not uncommon, with the fee usually being non-refundable. Given that the national median listing price for active properties is approximately $450,000 as of May 2022, a 5 percent fee would amount to $22,500. This fee would be credited towards the purchase if the tenant decides to exercise the option.

Tenants Maintain Your Property

When utilizing a lease option to sell your house in Lawrenceville, the tenant will assume most responsibilities, including maintenance and repairs. As the owner, you will retain the title and remain accountable for taxes and insurance.

Above Market Rent

You’ll make above-average rental income using a lease option to sell your house in Lawrenceville; the portion of rent paid at above-average rental rates is called the rent premium. The buyers would then deduct the amount paid into the rental premium over the contract term from the sales price upon exercising the option. Of course, if there is no purchase, you’ll also keep these funds.

Talk to one of our highly seasoned professional home buyers at keller williams realty atlanta partners today about your property, with no obligation. At keller williams realty atlanta partners, we want you to know you made the best deal and feel good about working with us long after the closing. That is why at keller williams realty atlanta partners, we’ll compare the numbers of a traditional listing vs. the lease option method and even make you an offer to buy your property directly, as-is, for cash. At keller williams realty atlanta partners, we’re fully transparent, providing the detail of how each number in our calculations so you can make an educated decision about what works best to sell your Lawrenceville house. 

Ready to learn more about the win-win advantages for sellers of using a lease option to sell your house in Lawrenceville? Call keller williams realty atlanta partners at (678) 469-6585.

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