My Market isn’t drowning—Is this Still Useful for Me?

My Market isn’t drowning—Is this Still Useful for Me?

Scenario 1 – No Equity



If you need to sell your home and you have no equity, how do you do it? In other words, you owe as much on your home as it is currently worth. How can you pay the real estate agent a commission and also other closing costs? Sometimes we don’t always have the option of waiting until we can afford to sell, even in good markets.






You can try the “For Sale by Owner” route, but even in good markets that tends to have only modest success and, let’s face it, is fraught with pitfalls. Selling on a rent-to-own basis can allow you to get a higher purchase price than a conventional sale. This can help give you some room to cover the cost of selling. Plus, having a tenant-buyer in place for a year or two paying your mortgage can help pay down the principal giving you some equtiy as well.



Excerpt from Rent-to-Sell: You Hands-on Guide to SELL Your Home When Buyers are Scarce.

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