For property owners who are ready to sell but can hold onto a rental property for a few more years, rent-to-own provides unique advantages. The demand for rent-to-own homes is increasing, making it a viable option for many Wisconsin landlords. This growing trend offers sellers a strategic way to maximize their investment returns while providing potential buyers a pathway to homeownership
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. For some landlords, locking in a reliable and responsible tenant to steward the property rent to own agreements can be a great way to sell a rental property with a tenant already in place. Read on as we explore five benefits of selling your house via rent to own in Wisconsin
Equity
One significant benefit of selling your house via rent-to-own in Wisconsin is the potential for increased equity. Over the duration of the rent-to-own contract, your property’s value can appreciate, resulting in greater financial gains upon closing. By partnering with local professional home buyers like those at Northwoods Property Resources, you can gain insights into your projected returns. We provide detailed market analysis and financial projections to help you understand how much equity you can build during the contract period, ensuring you make the most informed decision about your property.
Speed
Speed is another key benefit of selling your house via rent-to-own in Wisconsin. With this method, you receive deposit funds upfront, ensuring immediate cash flow to offset any holding costs. This rapid turnaround can be particularly advantageous in the current Wisconsin market, where demand for rent-to-own properties is high. Wisconsin, the process is expedited even further. Our full-service team of local experts, known for their efficiency and reliability, ensures that you start seeing returns within days.
Rental Income
Capitalizing on the rising rental rates in Wisconsin, selling your house via rent-to-own can significantly boost your returns. This method allows you to collect rental premiums on top of the monthly rent, increasing your income before exiting the property. Over the last few years, Wisconsin has seen a steady increase in rental prices, making this an opportune time to leverage rent-to-own agreements. If the buyer exercises their purchasing option, these premiums can be applied towards their down payment. However, if the buyer decides not to proceed, you retain the option fee and all premium payments, ensuring no financial loss. Working with professional home buyers like Northwoods Property Resources further secures your investment. Our team ensures that the terms of the agreement are favorable, reducing the risk of the buyer backing out and eliminating the hassle of finding another purchaser.
Property Management
Another significant benefit of selling your house via rent-to-own in Wisconsin is the minimal landlord responsibilities involved. Unlike traditional rental agreements, rent-to-own contracts can be designed to shift the burden of routine repairs and maintenance to the tenant. Rent-to-own tenants often take better care of the property, as they view it as their future home. This reduces the landlord’s burden of maintenance and repairs, making it a win-win situation. By setting a top-dollar limit on repair responsibilities, you ensure that tenants manage minor issues, further reducing your involvement and expenses. This arrangement not only secures steady income but also alleviates the day-to-day hassles of property management.
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 Wisconsin, when you work with a local professional home buyer like those at Northwoods Property Resources, there are no commissions, closing costs, or hidden fees to come off your profits.
The local professional home buyers at Northwoods Property Resources 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 Wisconsin, we’ll answer your questions or concerns with no obligation. The team at Northwoods Property Resources is proud of our work helping our neighbors here in Wisconsin solve problems, and we want you to feel good about working with us long after the closing. Call Northwoods Property Resources at (920) 851-9727.