For homeowners in Philadelphia who are considering selling but are open to renting out their property for a few more years, the rent-to-own option offers unique advantages worth exploring.
There is a large buyer pool waiting for these opportunities, seeking to attain the lifestyle that homeownership affords before they’re ready for a mortgage. For some landlords, locking in a reliable and responsible tenant to steward the property rent-to-own agreements can be a great way to sell a rental property with a tenant already in place. Read on as we explore five benefits of selling your house via rent to own in Philadelphia
Equity
One advantage of opting for a rent-to-own strategy in Philadelphia is the potential for equity growth throughout the contract duration. This growth can lead to higher profits upon property closure. When you choose to sell through a reputable local home buyer such as Philly Home Investor, we provide expert guidance on the anticipated returns on your investment.
Speed
Experience the advantage of selling your property through a rent-to-own option in Philadelphia. Enjoy a seamless process with no delays in receiving deposit funds, kickstarting your steady cash flow instantly to cover any holding costs. Partner with the experts at Philly Home Investor for a swift transaction – count your cash within days. Benefit from the efficiency of cash transactions and our dedicated team of local professionals, renowned for their prompt assistance to sellers like yourself.
Rental Income
Unlock the full potential of your property by exploring the lucrative option of selling via rent-to-own in Philadelphia. As rental rates soar, capitalize on the opportunity to maximize returns on your real estate investment before parting ways with your home. In a rent-to-own agreement, rental premiums can be seamlessly integrated into the monthly rent, offering an added advantage to both parties. Should the tenant-buyer choose to exercise their purchase option, the accumulated rental premiums can be allocated towards the downpayment, streamlining the path to homeownership. Partnering with seasoned professionals like Philly Home Investor ensures a hassle-free process, safeguarding you from uncertainties like buyer fallbacks or future market fluctuations. Take charge of your property’s future with a rent-to-own strategy tailored to elevate your financial outlook.
Property Management
Another advantage of selling your house through a rent-to-own arrangement in Philadelphia is that, unlike traditional rental properties, your responsibilities as a landlord are significantly reduced to mainly collecting income. You can structure the agreement to minimize your involvement in routine repairs and maintenance, as these costs will typically be covered by the tenant, who is more likely to care for the property as if it were their own. Generally, there is a maximum limit on the amount they are required to spend on repairs.
Additional Savings
Another plus of rent-to-own sales is that you won’t be responsible for the monthly mortgage and utilities during the listing period, saving you even more money. Additionally, when you sell your house via rent-to-own in Philadelphia with a local professional home buyer like Philly Home Investor, there are no commissions, closing costs, or hidden fees reducing your profits.
The local professional home buyers at Philly Home Investor are ready to buy at your asking price through a rent-to-own arrangement. If you’d like to discuss the benefits of selling your house via rent-to-own in Philadelphia, our seasoned pros are here to answer your questions and address any concerns, with no obligation.