Getting Started - Cash or Terms?

We are problem solvers. Each situation requires different strategies. Here are 3 typical offer types.

Here Are The Benefits Of Selling Your Home To Us:

  1. You don’t need to clean up or repair the property

  2. You save up to 6% on agent commissions

  3. You save up to 4% on closing costs

  4. You save paying the holding costs and property taxes

  5. You don’t waste time finding an agent, cleaning the house, listing it, and showing it

  6. You don’t face the risk of the seller not being qualified by the bank

  7. You can sell your house fast because we typically close in 30 days or less

  8. You can be confident that your house is SOLD to someone who can afford to buy it

  You choose which option works best for you!

Sellers Information:

Sell Your Home Today, CASH! $$

We will give you a cash offer on any house with no obligation!

Sell home As-Is

Selling your home is already stressful. Then you have to worry about the repairs your home may need in order to appease a buyer. Not only is this going to be time-consuming, but most often the things that need to be fixed are to appeal to a buyer, and will cost much more than you will get in return.

 

This is probably the biggest benefit of selling a house for cash. You will not need to do any renovation work on your home. We buy houses as-is, no questions asked.

 

-No extra agent fees

Selling with an agent may seem like the easy way to go. But did you know that you have to pay them a percentage of the sale? It can be pretty brutal handing them a good chunk of change after selling your home. Especially if that was a much-needed cash out for your future plans.

Cutting out the agent and selling to a cash buyer will help you profit more from your home. This is just another benefit of selling a house for cash.  

-No Need to wait for a buyer

Waiting for a buyer can take weeks to months. This process is probably the most grueling portion of selling a home. Your home will need to be shown to potential buyers which means you will have to keep your house tidy and neat all the time. You also have to be flexible with your schedule for all of the house showings, and make sure no interruptions happen during a potential showing. The house will need to be listed on the market. An agent can do that easily, but not for free.

 

Homeowners who try to sell on their own may have a difficult time finding marketing resources, which can add more time to the selling process.

 

Finding a cash buyer cuts out the time process, no need to wait for that interested buyer.  

-Fast cash

Selling to a cash buyer is fast. Did you know that you can have your home sold and have cash in your hands in just seven days? No long closing process, just sell your home to a cash buyer and move on with your next step in life.

 

There are many benefits of selling your house for cash. If you are stressed out and overwhelmed contact us today. We will walk you through the simple steps to get you that much closer to selling your unwanted home for cash. It is simple, fast, and pain-free.

Get your Free No Obligation Offer Today!

Just fill out the form or text/call 509-713-2101

 

Lease Option (Rent-To-Own)

“Will the owner consider eventually selling to us?”

 

The question comes in from an existing tenant.  More often, we receive it when a home is for lease.  There are certain tenants who see themselves as a renter for a short period of time.  They want to be a home-owner.  The home they move to for rent they want to make the home they purchase.  The problem is usually that certain events do not make these prospects home-buying candidates…today.  For this request, we leave open the concept of a “Lease-Option” agreement.

Some owners may think seller-financing when they hear a request for a lease-option.  Also, don’t confuse a lease-option agreement with a lease-purchase agreement.  A lease-option is neither of these two alternatives.  A lease purchase is similar to pre-closing occupancy when a purchase agreement has been negotiated but a closing will not take place prior to the buyer needing to occupy the home.   Seller financing involves a change of ownership rights and includes concepts such as land contracts.

Here are the key features of a lease-option agreement.

Fixed Term

The lease-option is similar to a lease as there is an end date to the agreement.  Lease-option agreements will typically run for a period of one to two years.  In the agreement, the tenant is given an option to buy the home.

Agreed Sales Price

In the lease-option agreement, the price to purchase the home is established.  The owner is obligated to sell the home at that price to the tenant during the fixed term of the agreement.  The buyer is not obligated to purchase during the agreement but they have the right to execute a sale at the established price.  This price is typically identified as the option price.

Rent Credit

The lease will contain a monthly lease payment that will be on the upper end of the market.  A portion of the monthly rent will be credited toward the purchase price and considered a rent credit.  The accumulated credit provides equity toward the tenant’s mortgage down payment.  The rent credit is lost to the tenant if they do not purchase the home.  The tenant just paid top market rent for the length of the lease.

Non-refundable initial option payment

In lieu of a security deposit,  funds typically paid as a security deposit become the up-front option payment for the consideration of the owner creating the lease-option opportunity.

Tenant rights

The occupant of your home is a tenant.  No rights of ownership are exchanged.  A lease is created just like any other lease with two additional terms.  An agreed sales price will be established and an additional amount collected to create a credit that a lender will consider as equity or buyer contribution.

Benefits

Owners find a lease-option attractive when they ultimately wish to sell their home but are willing to wait a period to officially sell.  The extra cash received can be helpful if the owner’s expenses out-strip the rent income normally received.  The owner has to keep in mind that those extra proceeds may be needed if the sales price, less the rent credit received, ends up being less than the owner’s mortgage.

Many owners reluctantly turn to renting.  To know there is a plan to officially sell and not stay a landlord is appealing.  Tenants find a lease-option a way to build a forced down-payment while living in a home they love and wish to stay in.  The lease-option can work as a great solution for both parties.

There are five owner benefits to creating a lease-option:

Higher Demand:  If the home you have been trying to lease has not rented after some time on the market, you can conclude the home and your expected rent is not matching the market demand.  Since there is not much you can do to change the fundamentals of the home, your choice is to reduce the asking rent.  The lease-option offers a new advantage..a term that is not available from many other homes for rent.  Plus, the terms of a lease-option should bring you closer to the higher rent you are seeking while you receive a nonrefundable payment for the cost of extending the option.

Top of Market Sales Price:  A renter, provided the opportunity to enter into a lease-option transaction, should agree to pay a market price for the home at the top of its value range.  Remember, the home ultimately still must appraise for the buyer, but market value is represented by a range of values.  The option purchase price is set at the time of creation of the lease-option.  For this reason, the length of the lease-option contract should be limited to two years.  That way both the rent and the lease-option market risks are limited.

Great Tenants: Tenants will live in a home differently when they plan to own it.  Expect a different relationship with simple maintenance requests and limited damages if the option is never executed.

Higher Cash Flow: Tenants should be willing to pay 10%-20% more than the normal market rent for the benefit of receiving a lease-option.  The higher than market rent will include the rent credit you offer the tenant (usually 20-30% of the payment).  The rent credit will apply against the agreed Option Sales Price when the option is executed.  The credit provides the renter a down payment savings account.  It provides the owner higher cash flow.

Continued Tax Deductions: Unlike a sale agreement with seller financing, a lease-option allows the owner to continue to receive tax deductions as the owner.  Interest, taxes, maintenance and depreciation may still be deducted against the rent received.

How It Works

 

Step 1

We come to an agreement on the terms

  • How long do you want to rent

  • How much rent/month

  • How much you are asking for your property.

Step 2 

We do all the legwork and Landlord duties while you collect your passive income.

Step 3 

Once the term is up, Cash Out Your House!

Lease Options Q&A

 

Text or Call  (509) 713-2101

Nava Tri-Estates