For those who may be ready to sell yet can hold onto a house that is ready for rental for a few years longer, the rent-to-own scenario provides some perks that make rent-to-own an option worth considering.
There is a large buyer pool waiting for these opportunities, seeking to attain the lifestyle that homeownership affords before they’re ready for a mortgage. Read on as we explore five benefits of selling your house via rent to own in Buffalo, NY
Selling a home in Buffalo, NY, through a rent-to-own (lease option) agreement can be a win-win for both sellers and buyers. Whether you’re struggling to attract traditional buyers or looking for a steady income stream, this method offers a unique alternative to selling outright. Here are five key benefits of selling your house via rent-to-own in Buffalo.
Equity
One benefit of selling your house via rent-to-own in Buffalo, NY is in the equity that will build over the time of the contract so that when your property closes, you will make more significant gains on the sale. By selling directly to a local professional home buyer like those at Sell My House Fast Buffalo, we can help you understand the projected returns you can expect.
Speed
Another benefit of selling your house via rent-to-own in Buffalo, NY, there’ll be no delay in your receipt of the deposit funds, and your steady cash flow will begin immediately, offsetting any costs of holding the house. When you work with a local professional home buyer like those at Sell My House Fast Buffalo, you’ll be counting your cash in a matter of days; with the power of cash and our full-service team of highly regarded local pros moving at lightning speed to help sellers like you.
Rental Income
Much like squeezing the final precious drops of cash out of your house, with rental rates quickly rising, you could gain a significant boost in returns on the investment you have made in the house before finally exiting the property. Rental premiums, added to the monthly rent, are another benefit of selling your house via rent to own in Buffalo, NY. If the buyer exercises their buying option, the rental premium applies towards the downpayment. However, should the buyer fail to exercise the option, you’ll keep the option fee you charge for their down payment and the premium payments. Selling via rent-to-own to a professional home buyer like those at Sell My House Fast Buffalo means you won’t need to worry about your buyer backing out or finding another buyer for your property down the road.
Property Management
Another benefit of selling your house via rent-to-own in Buffalo, NY is that, unlike typical rental properties, there will be minimal for you to do in the role of landlord other than receive your income. Therefore, you can design the contract to negate the impact of routine repairs and maintenance. Most of these expenses will fall upon the tenant, who will treat the property as if it was their own. Often, there is a top-dollar limit on the repairs for which they’re responsible.
Additional Savings
Another plus of rent-to-own sales, you won’t be paying the monthly mortgage and utilities you would be responsible for during a listing period on the market, saving you even more. Another of the benefits of selling your house via rent-to-own in Buffalo, NY, when you work with a local professional home buyer like those at Sell My House Fast Buffalo, there are no commissions, closing costs, or hidden fees to come off your profits.
Long-term vacancies can be costly, but rent-to-own agreements:
✔ Provide a stable occupant committed to buying
✔ Reduce the risk of tenant turnover
✔ Offer built-in financial security, even if the buyer doesn’t complete the purchase
If the buyer doesn’t follow through, you keep the option fee and rental income while still retaining ownership of the home.
Is Rent to Own Right for You?
Selling your house via rent-to-own in Buffalo is a great strategy if you:
✅ Want to sell at a higher price
✅ Need monthly income while waiting for a sale
✅ Prefer a low-maintenance selling option
If you’re interested in exploring this method, contact us today to discuss how rent-to-own can work for your Buffalo property!
📞 Let’s Talk!
If you’re interested in selling your Buffalo home via rent-to-own, contact us today for a free consultation. We’ll help you navigate the process, attract the right buyers, and maximize your profit!
The local professional home buyers at Sell My House Fast Buffalo are ready to buy – at your asking price via rent to own. If you’d like to talk to one of our seasoned pros about the benefits of selling your house via rent-to-own in Buffalo, NY, we’ll answer your questions or concerns with no obligation. The team at Sell My House Fast Buffalo is proud of our work helping our neighbors here in Buffalo, NY solve problems, and we want you to feel good about working with us long after the closing. Call Sell My House Fast Buffalo at 716-562-4202.