There is a shortage of opportunities and high desirability of rent-to-own properties for buyers, making rent-to-own agreements offer a lucrative delayed exit strategy allowing real estate investors to squeeze a few extra dimes out of the returns on the mobile home. In addition, the buyer maintains the mobile home as if it were their own, typically up to a given price point, per the terms of your agreement. All while you enjoy an extra income stream during the lease period. Rent-to-own opportunities afford the buyer a method of attaining the benefits of homeownership before qualifying for a conventional mortgage with a lender or as a way to test drive the mobile home and neighborhood to ensure a fit that lasts a lifetime in the home. Of course, you should always have your contract reviewed by a professional real estate attorney, tax consultant, or trusted counsel experienced in real estate. So read on as we explore how to get your asking price in Lafayette without any waiting.
You will have to determine what you believe the mobile home value would be at the end of the term, two or three years into the future. While you will be asking far above the current market value, buyers understand you are taking the risk that there is an unexpected boom in mobile home values, and they might buy at below market value. In the rent-to-own scenario, buyers can exercise their right to purchase the mobile home under the lease terms, and you get the asking price without any of the hassles of listing or any waiting in Lafayette.
Many sellers prefer to avoid listing with an agent or selling independently as an FSBO, which is a process with no guaranteed end date. The stress of a mobile home lingering on the market is overwhelming, and the prep work and any repairs needed are typically costly and the entire process stressful. Yet, they believe it is the only way to sell the mobile home and get their asking price. You can sell your mobile home as-is through rent-to-own, even if it needs a lot of work. Given the law of supply and demand, you are in the driver’s seat at the bargaining table giving you the right to decide whether you can get your asking price in Lafayette without any waiting by selling rent-to-own.
Rent and Option Premiums
You will receive an upfront option fee or premium without waiting in Lafayette. Sellers tend to charge a set percentage of the mobile home’s price ranging from 1 to 20 percent of the asking price. Additionally, the buyer will pay an additional amount on top of the current monthly rental rate, known as the rent premium, that will apply towards their downpayment, should they exercise their option to buy. So while most buyers complete the purchase, you will keep the premiums and all rents collected should they decide otherwise or fail to qualify for a mortgage.
Lafayette Mobile Home Buyer
Lafayette Mobile Home Buyer is ready to buy your mobile home, helping you get your asking price in Lafayette via rent-to-own. Talk to one of the local professional mobile home buyers at Lafayette Mobile Home Buyer today. The professional mobile home buyers at Lafayette Mobile Home Buyer never charge commissions or closing costs to sellers, and there is nothing hidden in our contracts. You will have cash in your hands in a matter of days for your mobile home and guaranteed closing date. At Lafayette Mobile Home Buyer, we are your neighbors who live and work alongside you here in Lafayette, and we want to make a deal you will feel great about long after closing. Ready to learn more about selling your Lafayette mobile home via rent-to-own? At Lafayette Mobile Home Buyer, we are happy to answer your questions without any obligation, so call Lafayette Mobile Home Buyer at 337-508-0795.
- Are you worried about the repossession?
- Does the property need more repairs than you can make?
- Did you inherit a mobile home you don’t want?
- Are you tired of expensive lot fees?
- Are there bad tenants you can’t get rid of?
- Do you own a mobile home that is sitting vacant?
- Do you have liens on the property?
- Do you need to sell your mobile home fast?
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