The Trusted Home Buyer Logo602-456-4440

5 Reasons Why You Should Sell Your House Via Rent To Own in Phoenix

a person smiling for the camera

Martin Boonzaayer

January 17, 2020

Do you need to sell your house in Phoenix? There are many alternative options to consider, that will lead you away from the costs, the time, and the waiting of the MLS. In this post, we will explore how selling via a rent to own agreement will benefit you and your current situation!

Find More Potential Buyers

A rent to own agreement will allow someone who is lacking a downpayment for a traditional loan, the ability to begin the homeownership process. For those who don’t want to wait and who are eager to become homeowners, they will jump at the chance for a mutually beneficial rent to own agreement. When you sell your Phoenix house in this manner, you are opening the door to a number of new buyers who may not have been able to purchase otherwise. This gives you more options, money in your pocket faster, and the chance to get your asking price without any fuss or negotiation.

Get More Than You’d Expect For The House

Typically, when using a rent to own agreement to buy a house in Phoenix, the owner will collect a down payment, a higher than average rent payment each month for the property. If the potential buyer should default, they risk losing the property along with their initial downpayment… not a place any homebuyer would wish to be in. When using a rent to own agreement to sell your house in Phoenix, you assume very little risk, while collecting a higher than average rent payment each month. For sellers who don’t need the entirety of their selling proceeds upfront, collecting the cash each month with a sale date in the future can be a very prosperous situation.

Generate Routine Income

Imagine collecting rent each and every month for your house in Phoenix. Now imagine, collecting even more than the average rent, along with a downpayment and severe penalties for default. Utilizing a rent to own agreement to sell your house fast in Phoenix is an excellent way to create a steady income you will receive for the next several months. Unlike renting to a standard tenant, your potential buyer is very vested in the property and will likely pay their rent on time, while taking care of any required maintenance. The last thing someone with the opportunity to buy would want to do is default, losing money and their chance at the home.

A Faster Process

Listing your house for sale on the MLS in Phoenix can take awhile. During this time, the holding costs will skyrocket, especially if the house is sitting vacant while trying to sell. All of the utility bills, maintenance, taxes, and insurance costs will be completely up to you until the house has sold. When you use a rent to own agreement to find a buyer fast, those costs will either be passed on to your buyer directly, or the amount they are paying you each month will cover it.

Save On Listing Costs

Yes, you will want to make sure your house looks good, but you won’t have to spend a fortune fixing it up or keeping it clean for showing after showing. When you sell your house via rent to own agreement, your buyers are purchasing not only the house but also the opportunity to buy it which they may not have had otherwise. You won’t find yourself spending money or marketing, agent fees, hefty commissions, or any of the other costs that sellers often face.

If you decide to sell your house via a rent to own agreement in Phoenix, the process can be lucrative and beneficial. We are happy to answer any question you have about the process!

Explore more

March 21, 2023
How to Avoid Buyers Remorse When Buying a Home in Arizona

Buying a home is a major decision, and it’s not uncommon to experience buyer’s remorse after making such a big investment. It’s easy to get caught up in the excitement of purchasing a new home, but it’s essential to take the time to carefully consider your options before signing on the dotted line. This article […]

Read More
March 8, 2023
Selling Your House With Termite Damage

Selling your house can be a stressful experience, and discovering termite damage only adds to that stress. Termites are a common problem for homeowners, and if left untreated, they can cause significant damage to your property. However, selling a house with termite damage is not impossible. In this blog post, we will discuss what you […]

Read More
January 25, 2023
9 Reasons Why Working in the Real Estate Industry Is So Beneficial

Real estate has been, for so long, providing a primary means of survival to humans. Being a primary sector, the demand for workers is constant. As a result, the real estate industry keeps growing, and many people want a piece of it. For instance, you can easily land real estate jobs on reputable aggregators like […]

Read More
January 25, 2023
How Does the Foreclosure Process Work?

Unfortunately, foreclosures are a regular occurrence, and many Arizona homeowners face the possible foreclosure of their homes. This article will walk you through the foreclosure process and offer some options or steps you can take to avoid foreclosure. What Is Foreclosure? Foreclosure is the legal process of a lender who attempts to recover the amount […]

Read More
The Trusted Home Buyer Logo
Copyright © The Trusted Home Buyer
WE BUY HOUSES IN:

4.7 63 reviews