Rent to Own proposal for Sue and Rick ... - Street Smart Diva
Rent to Own proposal for Home seller By Street Smart Buyer 5 Things
My credentials Numbers on the Deal- what I propose Some real life examples that have worked How it will work Next steps.. How would it feel?
To be able to walk away To be able to relax about the property To know it was looked after? My credentials Graduate of The Street Smart Seller Class of 2016- hands on training from an Expert Graduate of The Street Smart Landlordhands on Landlord training to ensure I select a property Tenant that will take great care of
properties. I am here to Buy You TIME If you decide to work with us.
Costs Covered. Timing- avoid costly prepayment penalties The mortgage can get paid down more. The Property is SOLD No worrying No realtor fees
CERTAINTY Your House Worth about $300,000 Financing at about $295,000 Plus Commission. $13,000 Prepayment penalty..$3,000 Total:
-$11,000= Total Loss ( Commission plus pre-payment penalty) Potential Rent to own future value X 3 years= $300,000.00 Debt pay down: $285,000, or $10,000
Plus $5,000 as soon as I find a tenant. Total: $15,000.00 How do you do it? You allow me (us) to market the property We will market the property as a rental Handle application and interview for potential
Tenants or tenant Buyers to fill the house You need to approve the people as well. Administer Paperwork completion Lease/ Option or Agreement for Sale Real Estate Purchase Agreement Registration of Paperwork on Title Mallach Road
Need to sell. Bought a little high. If they were to sell now they would break even. Took over financing, rented it out for them. They dont have to worry about the property any more. Beaumont No Equity HUGE Payout Penalty
Rented for 3 years. Everything covered. 11302 97 Street Edmonton
Tough Rental. Basement Suite tenant took over managing. No more tenant hassle He made $50,000 in equity the day he bought it because of the Market I made $15,000 I would not have made as a landlord- WORTH IT!!! What happens:
We agree to purchase the house in 3 years Once a Tenant is Selected and their paperwork is complete, We lease option the property from you and take over your costs The tenant moves in and pays us rent. Full disclosure. We intend to make a Profit.
You can move on knowing your expenses are covered for the next three years You get your Price that you want You can move on In 2019. I get my own financing OR sell the house to another. You get your price of $300,000
Your Mortgage paid off. And $10,000 extra Remember? To be able to walk away To be able to relax about the property To know it was looked after? 2 Types of People
1. Yes, I think this is a good fit for me (us). I like the sound of it. Lets take the next step. 2. No thank you. Next Steps.. Sign some paperwork Lease Plus Option to Purchase/ Agreement for Sale Letter of Understanding
(We will start marketing it for rent ASAP) Paperwork prepared, reviewed and Signed at Lawyers office.
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