| Some sellers shy away from selling by lease option, | | | | in buyers' minds by setting up a time to show the |
| but it can be a good way to get the best of both | | | | home to all prospective buyers at the same time. This |
| worlds: you get a tenant for your house that is | | | | situation will create a competitive atmosphere that is |
| motivated to stay and to keep the house nicer than | | | | likely to sell your home on the spot. Sometimes for |
| would be the case with a renter. On the other side of | | | | more money than you expected, if the bidding begins |
| the coin, the buyer eventually gets to own the home if | | | | to get hot! |
| they continue to keep up their part of the bargain. | | | | Once you've decided upon your home's "winner," you |
| If you're nervous about selling by way of lease option, | | | | can increase your chances of nailing down your sale |
| here are a few ideas on how to do it successfully. | | | | by having that person fill out the papers on the spot. |
| The first is to make sure that as many people know | | | | That way, you won't have to start the entire process |
| about the home as possible. In all your advertising, you | | | | over if they back out. Have the applicants pay $20.00 |
| want to include these important words: "rent to own." | | | | or so to fill out the application, to be used to do a credit |
| This phrase will bring a fairly large number of | | | | check. |
| prospects to your door. In order to screen prospective | | | | It's possible that you won't be able to decide on the |
| buyers, record a message on your answering machine | | | | spot between several different applicants. If that's the |
| that outlines what you want for terms. Also in your | | | | case, have them ALL fill out the applications and pay |
| message, ask them to tell you how much they can put | | | | their $20.00, and then tell them that you'll let them know |
| down in order to "win" the chance at obtaining your | | | | who has "won" the house. |
| home. This will allow you to call only those people who | | | | Using this process can greatly increase your chances |
| have indicated that they can put down a sizeable | | | | of successfully selling your home using the lease option |
| down payment. | | | | method--in an amazingly short time. |
| Once you've gotten your list of best candidates, you | | | | Copyright © 2006 Jeanette J. |
| can save your time and create a feeling of immediacy | | | | |