Buying and selling means more than finding a real estate agent to do the work
that is needed. There is also the need to make sure that you know what you're
looking for or need when you are moving with the investment. No matter what the
market, there are always different moves that you can make in order to get the
right person moved in to your property.
Leasing is one of several ways that you can move into a real estate investment.
If you are having difficulty selling your home or property, then you can
consider leasing as an option instead of selling it. If you decide to use the
lease option for the property, then it means that you will become the landlord
for a period of at least one year. The tenant will have a contract that is
signed for this amount of time that says to take care of the property and pay
rent. After the time period is up, the tenant will have the option of buying the
property from you.
If you are thinking on buying a home, this is a good first step to get into. You
will have lower payments, will be able to build your credit, and will have the
option of trying out the property before you buy it. If you are selling the
property, it can also be beneficial, as it allows you to demand a higher price
and move into a better market when it is time to sell. Usually, by the time you
are ready to sell, you will be able to offer a price that is ten to twenty
percent higher than it would have been a year before.
If the market doesn't feel right, you can't sell your home, and the right
options don't seem to be walking through the door, then leasing is a second
option that you can consider. By leasing the property, you will have the ability
to profit on either side of the fence.
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