Buying or Leasing

It means more than finding real estate agent to do the work that is needed if you want to buy or sell. When you are moving with the investment, you need to make sure that you know what you want or need. There are always different moves that you can make in order to get the right person moved in to your property, no matter what the market is.

One of the several ways that you can move into a real estate investment is leasing. You can consider leasing as an option instead of selling it if you are having difficulty selling your home or property. You will become the landlord for a period of at least one year if you decide to use the lease option for the property. There will be a contract with the tenant that she/he will sign for this amount of time that says to take care of the property and pay rent. The tenant will have the option of buying the property from you after the time period is up.

This is a good first step to get into if you are considering buying a home. You will have the option of trying out the property before you buy it, will be able to build your credit and will have lower payment. It can also be beneficial if you are selling the property as it allows you to demand a higher price and move into a better market when it is time to sell. Usually, you can offer a price which is ten to twenty percent higher than it would have been a year before by the time you are ready to sell.

Leasing is a second option that you can consider if the market isn’t right or you can’t sell your home, and the right options don’t seem to be walking through the door. You will have the ability to profit on either side of the fence by leasing the property.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s