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Columbia SC Lease Options

Sellers - Columbia SC Rent to Own ( rent2own )

Expand your ability to sell your home by considering a Rent To Own sales strategy. Most Agents don't like Rent To Owns because they don't want to wait until sale finally closes to get their commission.  At the Real Estate Advocates, we believe Lease Options can be a great option for Sellers. 

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Buyers - Columbia SC Lease Options

Are you in the process of repairing your credit or saving for a down payment but want to purchase a home?  A Columbia SC Lease Option may be a viable option.  Giving you the ability to purchase a home and begin making rent payments towards your down payment.

Click here to search and view Columbia Rent to Own Listings and Lease options listing in the Columbia area.

The Solution

The new economy is bringing together more sellers who can’t sell their houses today and buyers who can’t buy today. Selling a home is like any type of sale where there are two parties trying to make a deal. If one door is shut another one can open or it’s a no deal.

This is giving birth to the Rent to own option or lease option. This week I have been confronted with Columbia SC sellers or Buyers 6 times interested in this option. We did one yesterday. The scenario was a seller who has been on he market for 8 months. They were listed previously with a full service company with no offers and moved out of state where they bought another house. Their house was modestly priced but they still could not get anyone to buy it and take advantage of the tax rebate program.

Every month that went by they were laying out $1100. They were considering renting and then an opportunity arose this week. A qualified couple indicated that they wanted to purchase the home but needed to sell their home in Washington. They proposed renting until their home sold and then would close on ours.

My seller agreed to do the deal even though they would lose $200 a month on the rent. The math worked. If they take the house and close in 5 months that is equivalent to 1 month of $1100 that they would have to lay out and now they have a buyer instead of a vacant house which costs more to maintain and riskier to watch over from out of state, There is always a down side to Rent to owns as far as risk of a tenant that messes up the house, or that you have to evict for not paying the rent. In a perfect world this would not be the best option for the seller. But, our world is far from perfect. The Subslimers have made our world harder to sell homes and flexibility is they key to come up with the next best solution if you can’t sell. Holding on to a house can cause foreclosures, and bankruptcies, which will affect property values.

Rent to owns and Lease Options are better then renters as they have a vested interest to keep up the house since they will lose earnest money if they can’t perform. With the low interest rates of today, many more people will be seeking out this option.

How Do I Get Started?

If you are currently in the process or starting the process of buying or selling a home, please contact the Real Estate Advocates to assist you in your buying or selling process. you would need to engage the Real Estate Advocates as your buying or selling agent. 

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