April 18, 2016

How do you sell a house using a lease option agreement?

I want to lease my home with an option to purchase. I want to know if I can do this by myself or if I need a realtor. I know how much I want for selling price, option payment and rent per month. Thanks in advance.

Comments

CyberLord

The best way to go about this is to go online to http://www.fsbo.com there you can get all the marketing materials you will need. To do it yourself all you will need is a simple lease option form, if your leaser does indeed end up utilizing his/her option to purchase then you need a purchase agreement. I actually have all the forms if you need them. A huge suggestion, ask for a sizeable down payment (5% or $5,000 whichever is greater). This will insure that you will have a very interested and dedicated buyer and will prevent someone from coming in and trashing and not making there payments, and if they do trash it, who cares you already have there money.Good luck.

Davey

jcattin’s advice is good.

Emma7652

Use a good Realtor. Minimize your liabilities. Make sure you know the contract, inside out. Also, they will help reduce a lot of your headaches.If you don’t already have someone interested in your property, it will help to work with a Realtor so they can help market your home, unless you have more time to play with.

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