Thinking about selling your Kitchener home on a Rent to Own arrangement? That's an excellent choice and I'll show you why.
1st - There aren't many owners offering their properties as a Rent to Own so yours will stand out from all the other homes that are just for sale.
2nd - Rent to Own buyers can be very flexible because most don't have another home in Kitchener or anywhere else to sell. Plus if you need to move quickly they may be able to move in within 30 days, not the usual 90+ days with a sale.
3rd - You don't need a real estate agent to Rent to Own your home so you save on average $12,500 commission based on current prices in the Kitchener-Waterloo-Cambridge area.
4th - Unlike a tenant a Rent to Own buyer will care for your property like they already own it. When minor issues crop up they don't call you they call the repairman.
5th - Finally (for today) on a Rent to Own sale you get your price. There's usually no haggling or offers and counteroffers. Buyers know that when a home in Kitchener goes up as a Rent to Own they better jump on it!
Yes, yes, that's all find and good but what is the downside of selling my Kitchener home on a Rent to Own?
#1 - The single most important thing to watch out for is the attitude of the prospective buyer. Do they think like a renter or a buyer? This has a lot to do with you and how you present your home. Do you view a Rent to Own as renting or financing? I always present it as a Rent to Own SALE and haven't run into any problems.
#2 - Get some down payment, again this is a sale not a rental. It's normal for a Rent to Own home in Kitchener to require a $5,000-$10,000 down payment.
#3 - Don't be discouraged by negative Realtor comments. They can't stand it when someone sells their home on their own, they're afraid it's going to get out that selling your home on a Rent to Own is easy and commission-free, and they'll lose their livelihood.
#4 - Find a good lawyer who understands how a Rent to Own works. In the Kitchener-Waterloo area I recommend Victor Hussein.
Those are some of the key factors in deciding why you should or shouldn't sell your home on a Rent to Own and how to do it in Kitchener. Good luck!
Are you paying rent and looking forward to the day your family can own your own home? Why wait?
Take a moment to see how we can help you own a new rent to own Ontario home this week. We look forward to helping your family become home owners in one of the cities or towns of this beautiful province.
If you know what you need take a moment to look through our inventory of rent to own Ontario homes.
Take a moment to see how we can help you own a new rent to own Ontario home this week. We look forward to helping your family become home owners in one of the cities or towns of this beautiful province.
If you know what you need take a moment to look through our inventory of rent to own Ontario homes.