The Trusted Home Buyer Logo602-456-4440

Using a Lease to Sell Your House For The Price You Want In Phoenix!

Martin Boonzaayer

December 4, 2019

Are you planning on selling your Phoenix house? There is a way to sell without listing or selling for less than retail. You can sell your house in Phoenix for the price you want! Learn how more and more sellers are using a rent to own agreement to sell their homes!

Who Should Do It?

  • People who want to sell their house for a specific price
  • People who don’t want to wait while their house sits on the MLS
  • Anyone who wants to sell their Phoenix house for retail value
  • Anyone who doesn’t need the full value of the property up front

How It Works

To put it simply, a rent-to-own contract would look something like this: First, you would set the final price you want to be paid for the home. You will most likely find many buyers who will agree to your asking price, in exchange for the opportunity to own a home of their own. From there, we will set a downpayment or deposit to be paid upfront buy the potential buyer. This deposit is non-refundable unless otherwise negotiated. We will set up a monthly payment plan to last over a specific period of time, typically 1-3 years. During this time, the prospective buyer will pay an elevated monthly “rent” payment. A portion of this monthly payment will go toward the final sale price of the home. By allowing them to rent-to-own, the tenant will have the time to save up, repair their credit, or fix whatever was stopping them from qualifying for a loan previously. Once the rental period is up, the remaining balance is owed for the sale to be final. The prospective buyer can pay the balance, or default, leaving you to keep the down payment and any other amount paid toward the purchase of the home.

The Benefits

  • You will be able to sell to a large group of people who previously weren’t able to purchase your home
  • You turn your unwanted Phoenix house into an income producing asset, providing you capital each month for the next few years
  • You receive a lump sum payment up front, and a lump sum payment at the end of the rental term
  • You are able to get retail value for your home
  • You lock in the sale price from day 1, so even if housing prices fall, you will still get the original price for the home
  • The tenants are much more likely to maintain the house and take pride in its condition

The Downfalls

  • There is no guarantee that your potential buyer will qualify for a loan once the rental term ends
  • You lock in the sale price from day 1, so if housing prices go up, you will still have to sell at the originally agreed upon price

Do you want to sell your house in Phoenix? We can help you sell using a rent to own structure! Send us a message with your selling goals or give our team a call now! 866-488-9923

Explore more

July 30, 2021
How to Sell Your House Webinar With Martin Boonzaayer
Read More
July 21, 2021
How to Sell Your House in Arizona

Arizona is a hot spot for people looking to buy a house. The state has the second-highest rate of homeownership in the country, with two-thirds of homes being owner-occupied. It also ranks near the top when it comes to home price growth, so if you're considering selling your house, now may be a perfect time!  […]

Read More
June 10, 2021
When is the right time to contact a Senior Advisor?

A Guest Post From OasisAdvisor When it comes to such an important aspect in your life or the life of a senior you know and love, you want a trusted advisor to guide you every step of the way. Being proactive and planning is the best approach. We want you to know that we understand […]

Read More
June 2, 2021
Things You Can and Cannot Do When You Have an Exclusive Contract with a Real Estate Agent?

Things You Can and Cannot Do: When You Have an Exclusive Contract with a Real Estate Agent? Having an exclusive contract with a real estate agent leads to numerous benefits, some expected and perhaps even unexpected. However, when a real estate agent asks you to sign an exclusive contract with him or her, he or […]

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