Selling your house in Bedford TX with a rent-to-own agreement can be the best way to sell fast for the price you want. We buy houses in Bedford Texas and we offer cash for houses in Bedford in any situation. We are local homebuyers in TX and learn more about how to do it in our latest post!
When thinking about selling a house in Bedford TX, many people don’t consider using a rent-to-own agreement to facilitate the deal. If you are able to delay receiving the full amount of the home, you will likely be able to find a buyer much sooner, while collecting the price you want for the home. In addition, using a rent-to-own agreement will provide you with cash from a downpayment upfront in addition to a higher than average rent payment each month. You will be able to make money while collecting the full price for the home in 1-2 years. Selling in this manner can be very beneficial for homeowners who want to sell their houses fast and for a great price.
A Step By Step Guide To Selling Your House Via Rent To Own In Bedford TX
Set Your Criteria
While opening your house to rent to own buyers, you’ll be giving a whole new pool of people the opportunity to buy your house. That said, you can’t enter into an agreement with just anyone. You’ll need to determine what you will accept as far as credit score, downpayment amount, and length of the agreement.
You are not entering into an agreement with your potential buyer indefinitely until they are able to buy outright. Instead, you need to work with a potential buyer who will be able to follow through on their end of the deal. Even if they have the best intentions, being able to actually follow through on the agreement is a different story. Before setting up a rent-to-own agreement for selling your house in Bedford TX, make sure you know what you will accept and what you are looking for in a potential buyer.
Agree On The Terms
Once you know what kind of tenant you are looking for, you will need to find someone who will agree to your terms. You will need to agree on the rent paid each month, the downpayment amount, and any portion of the rent that goes toward the purchase of the home. You will also need to define a timeframe that works for both parties. This is not an indefinite agreement. Within 1-3 years the renter must purchase the home outright or walk away, losing their downpayment and option to buy in the process.
Create A Legal Contract
When using a rent-to-own agreement for selling your house in Bedford TX, it is crucial that everything is set up legally. You don’t want to be hit with a lawsuit or find yourself in a place where you need to file one yourself. A rent-to-own agreement will be detailed, covering every scenario possible to protect all parties. FortHomeBuyers can help you facilitate the process, of selling your house via a rent-to-own agreement, making sure everything is handled legally and professionally.
Having A Way Out
Just like a rental situation, in a rent-to-own agreement, you are able to evict the tenant if they aren’t paying rent or if they have violated the agreement in any sort of way. While you don’t want it to ever come to this, you should be versed in the eviction process, knowing what your rights and what the tenant’s rights are. The house is technically yours until it has been paid for in full. Until that day, you need to protect it, making sure nobody is occupying the property that will cause damage or lower the property value.
Sell My House In Bedford TX
Keep in mind that not all Bedford TX home buyers are the same. When you choose to work with the team at FortHomeBuyers, you can always ensure you will receive a great offer for your house no matter what condition it’s in. We pay cash for your house but we believe in paying fair prices based on the current real estate market combined with the condition of the property. By avoiding commissions, repairs, and all of the other costs of a traditional listing, you may find that a direct sale is an opportunity you have been waiting for! We will make the process simple so you can quickly sell your house in TX and move on.