SHERIDA STUDWOOD
Residential & Commercial Real Estate
Direct: 770-475-1130 ext. 8757
Serving the Greater Atlanta Metropolitan area!

Rent or Rent-to-Own your HOME!

With buyers scarce and financing tight, some home sellers are offering rent or rent-to-own options to potential buyers.  Rent-to-Own also called lease options, are a way for prospective buyers with cash shortages or credit problems to build up a down payment while repairing their credit.

See below for Advantages to the Seller/Landlord:

Rent to Own - Option

Top Sales Price, Even if Demand is Low for Your Home: You attract more buyers who are willing to pay a premium because of the exclusive financing terms and value you're offering.

• Higher than Usual Rent: Since you are flexible on your financing terms and are offering a tremendous value, you can demand a higher than usual rent.
• Positive Cash Flow: Since you can demand a higher than usual rent, your positive cash flow will increase.
• Non-Refundable Option Consideration Up Front/Minimum Risk: When a tenant/buyer executes (signs) a Lease to Own Purchase contract, you receive a non-refundable option deposit that is yours to keep should they default or decide not to buy.
• Attraction of the Highest Quality Tenants: Because you are renting to tenants who have a vested interest in your home, they think like homeowners and tend to take good care of it.
• No Maintenance, No Land lording: Tenants who have a vested interest and believe they are a homeowner may feel a "pride of ownership" that encourages them to pay on time, perform maintenance and make improvements to your home.
• Tax Shelter is Maintained: Because you remain on the deed until the option is exercised, you maintain all of the tax benefits of ownership.
• Larger Market of Buyers: You are marketing your home not only to traditional buyers, but also to renters and investors. These three groups make up over 85% of people seeking to buy real estate.
• No Long Vacancies: When your home is advertised with a Lease Option Purchase the phone will literally ring off the hook. Typical turnover time is days or weeks instead of months or years.
• Peace of Mind: It is safer than conventional rentals because of the quality of the tenants and their vested interest in your home. It also means that someone is living on-site who will watch and guard your home against fire, theft, vandalism, etc.

Rent Only Option

• There are many benefits, including the ability to ride out the market and potentially not lose money on a home
• renting offers the ability to take a tax deduction if there is any rental loss
• renters have the ability to move back into the home
• If you are in the military, renting is a great option.
• if you need to move quickly to take a job but don't want to sell your home in a down market, renting is a great alternative
• Rental markets are generally strong

Feel out the Form below to make an appointment to learn more about your options: