Listing Agents Get Full Asking Price Selling, Rent to Own.
- Author Russell De La Pena
- Published September 15, 2010
- Word count 869
We are real estate, Internet marketers.
We advertise to find people who want to lease option our Rent to Own homes. Since our marketing has worked very well and we have found a lot more buyers than we have houses to sell.
So... we wanted to find a way to help these folks find a home and to make a little money on all the work we've done to find them and qualify them...so we have created this site in order to find real estate agents with listings that may work for our tenant/buyer list.
Our tenant/buyers want to live in the Inland Empire,in places like Riverside, San Bernardino, Moreno Valley, Murrieta, Perris, Fontana, Upland, Rancho Cucamonga, Colton, Corona, Hemet, Lake Elsinore, Victorville, Perris, and surrounding cities, but don't qualify for a mortgage right now. That means they would be buying the home, "Rent To Own."
They can afford the monthly payment and will usually qualify within 1 or 2 years. They all have proof of income, proof of funds to close now, and have agreed to do an extensive and complete background check. They are also willing to meet with the mortgage broker of your choice to determine exactly when they can qualify for a mortgage loan, if they haven't already done so.
I want to know exactly how long it would take them before they did qualify and could take out a new loan and pay off the house, just like I'm sure you do.
These tenant/buyers will also pay full market value for the house and full market rent during the lease period... sometimes a little bit more than that. In addition to that, they tend to take care of the property better than a normal tenant, because they see it as their property (though they won't get title until they get financing).
I have a written agreement that makes them responsible for repairs to the house. So if the furnace goes out, they have to fix it. Or if the toilet stops up, they don't call the "landlord" in the middle of the night. It saves a lot of landlord headaches this way. Your client, the landlord, now becomes the bank.
And if the worst happens and they default, they lose all of their option fee and they can be evicted. The beauty is that the percentage of evictions on this type of sale is way below normal tenant eviction rates... so it's a lot safer.
Property control is maintained, because the deed has not been transferred, and will not transfer until the tenant/buyer obtains financing. By the way, none of this costs a dime. You and I are paid by the tenant/buyer's Option fee.
As far as price goes...It doesn't really matter to me what the purchase price is going to be, but if we put it much over market value, I won't be able to find a buyer.But there is no reason we shouldn't be able to get full market value or maybe a little more because the way we are selling it.
We can sometimes leave the purchase price "To Be Determined" for a future date when the tenant/buyer decides to exercise their option to buy. That way your client doesn't feel they're going to lose money, and both parties are going to perform based on the market conditions in the future. our buyers are pretty motivated, so this works better than you may think.
So... if you think you'd would be interested in learning more about our program, please let us know.
We can talk in person, or by phone, and I'll answer any of your questions. As soon as you give us the okay, I'll send out an eBlast to our entire, and ever growing, list of tenant/buyers about the house. Tenant/buyers sign up at our websites everyday in droves, so getting buyers for a given city is not difficult at all for us because of the way we market homes.
This is good for you and your client, since it literally costs nothing to get access to all of this professional marketing and our tenant/buyer's list.I have sold houses in one day with this list, so don't be surprised if things happen pretty fast after you give me the okay.
The only way working with us would not be the best way to go, would be if your if the property owner must have cash out now, or the property was meant to be held long term (longer than 5 years, for example).
Otherwise, once you have 100% of the information on all of the benefits of selling the home, "Rent-to-Own" to our tenant/buyer list, you'll kick yourself for not using this kind of smart, and creative financing technique in the past.
Please contact us as soon as possible as our buyers want a home right now. All we need is a two simple forms filled out, and we're ready to go. Its that simple...
We literally have hundreds of buyers who want to buy now, but we do not have the inventory to fill their needs.
Here' s our site: http://www.MyTenantBuyerList.com for more information.
Copyright 2010. www.MyTenantBuyerList.com. All Rights Reserved.
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