{"id":855,"date":"2015-09-07T09:30:02","date_gmt":"2015-09-07T09:30:02","guid":{"rendered":"http:\/\/thehoneybeehomes.com\/home\/?p=855"},"modified":"2015-10-22T19:24:15","modified_gmt":"2015-10-22T19:24:15","slug":"3-great-reasons-to-sell-your-home-as-a-rent-to-own-in-grand-rapids-mi","status":"publish","type":"post","link":"https:\/\/thehoneybeehomes.com\/home\/3-great-reasons-to-sell-your-home-as-a-rent-to-own-in-grand-rapids-mi\/","title":{"rendered":"3 Great Reasons to Sell Your Home as a Rent-to-Own in Grand Rapids, MI"},"content":{"rendered":"

\"House\"<\/a>There is a ton of confusion about rent to own houses in Grand Rapids. \u00a0At first glance, they seem overwhelming. \u00a0How do you set them up? \u00a0What paperwork do you need? \u00a0What kind of title transfer occurs, and when?<\/p>\n

These are all FANTASTIC questions. \u00a0But to start, let’s begin with the basics. \u00a0If you’re selling your home, why would you want to sell it as a rent-to-own?<\/p>\n

1. \u00a0Speed<\/strong><\/p>\n

Selling your home traditionally can take a looooong time. \u00a0Depending on the market, your home, your asking price, competition, and many other factors, it can take a long time to get an acceptable offer.<\/p>\n

Once you receive an offer sheet, it’s still not over. \u00a0There’s the inspection period, potential for further negotiations, title work, and more. \u00a0Combine these things together, and you can end up waiting months to get your house sold.<\/p>\n

\"Money\"<\/a>In many cases, this long wait is just not an option. \u00a0If you need to move for your career or family, for instance, speed can be\u00a0crucial. \u00a0If you have to move in days or weeks, the traditional methods of selling may simply take too long.<\/p>\n

Making two mortgage payments can be brutal, and selling your house as a rent to own in Grand Rapids can be a very good alternative. \u00a0By offering your house for sale as a lease option (another term for rent to own), you expand your buyer pool.<\/p>\n

Most of the time, this results in a quicker sale, and less stress.<\/p>\n

2. \u00a0Equity<\/strong><\/p>\n

Many homeowners don’t have a lot of equity in their houses. \u00a0Some may have bought their home recently, and haven’t had much time to pay down the debt. \u00a0Others got stuck between an rock and a hard place with the recent market downturn.<\/p>\n

\"Computer\"<\/a>Whatever the case might be, it can be hard to sell your home when you have little to no equity. \u00a0Between title fees, buyer concessions, commissions, and the many other costs associated with selling a house, many sellers are\u00a0forced to bring money to the table in order to close.<\/p>\n

This can be a bitter pill to swallow.<\/p>\n

Selling your house as a rent to own in Grand Rapids can be a good solution. \u00a0By locking in your sale price higher than what you owe, you can avoid paying money to sell your home.<\/p>\n

In addition, as the tenant buyer makes payments, you are able to further reduce your balance owed, improving your equity situation.<\/p>\n

\"Snowy<\/a>3. \u00a0Ongoing Cash Flow<\/strong><\/p>\n

Maybe you’re ready to sell, but speed and equity aren’t your concerns. \u00a0Perhaps you’re a landlord who’s tired of the grind, and want someone else to handle repairs, maintenance, and shoveling our Michigan snow off of the driveway.<\/p>\n

However, having monthly cash flow can be great. \u00a0Selling your house as a rent to own can be the best of both worlds.<\/p>\n

In most rent to own houses, the tenant buyer is responsible for maintenance and repairs, because they are working to buy the home. \u00a0That means they will take care of the water heater, rake the leaves, and plunge the toilet.<\/p>\n

However, you get to keep receiving checks every month, with much less hassle.<\/p>\n

Selling your house rent to own can be a great idea in the right situation. \u00a0If you’re in a jam, or just need a break, definitely look into them closer.<\/p>\n","protected":false},"excerpt":{"rendered":"

There is a ton of confusion about rent to own houses in Grand Rapids. \u00a0At first glance, they seem overwhelming. \u00a0How do you set them up? \u00a0What paperwork do you need? \u00a0What kind of title transfer occurs, and when? These are all FANTASTIC questions. \u00a0But to start, let’s begin with the basics. \u00a0If you’re selling Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,18,16],"tags":[14,28],"class_list":["post-855","post","type-post","status-publish","format-standard","hentry","category-grand-rapids-mi-homes-for-sale","category-grand-rapids-mi-houses-for-rent","category-grand-rapids-mi-real-estate","tag-rent-to-own","tag-rent-to-own-grand-rapids"],"yoast_head":"\n3 Great Reasons to Sell Your Home as a Rent-to-Own in Grand Rapids, MI | Honeybee Homes, LLC | We Buy and Sell Grand Rapids Real Estate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thehoneybeehomes.com\/home\/3-great-reasons-to-sell-your-home-as-a-rent-to-own-in-grand-rapids-mi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Great Reasons to Sell Your Home as a Rent-to-Own in Grand Rapids, MI | Honeybee Homes, LLC | We Buy and Sell Grand Rapids Real Estate\" \/>\n<meta property=\"og:description\" content=\"There is a ton of confusion about rent to own houses in Grand Rapids. \u00a0At first glance, they seem overwhelming. \u00a0How do you set them up? \u00a0What paperwork do you need? \u00a0What kind of title transfer occurs, and when? 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