Buying or selling means more than just getting a real estate agent to do the work needed. It also involves making sure you know what you want or need in the investment process. Regardless of the market, there are always different moves you can make in order to get the right people to move into your property.
Leasing is one of several ways you can get into real estate investing. If you are having trouble selling your home or property, then you may want to consider leasing instead of selling. If you decide to use a lease on the property, then it means that you will be the landlord for a minimum of one year. The tenant will have a contract signed for that period of time that says they will take care of the property and pay rent. At the end of the term, the tenant will have the option to buy the property from you.
If you are considering buying a property, this is a great first step. You will have lower payments, be able to build your credit, and have the option to try out the property before you buy. This is also beneficial if you are selling the property because it allows you to ask for a higher price and get into a better market when it comes time to sell. Typically, when you are ready to sell, you will be able to offer a price that is ten to twenty percent higher than it was a year ago.
If the market is not right and you can’t sell your home and the right options don’t seem to be walking in the door, then leasing is a second option you can consider. By leasing your property, you will have the ability to make a profit on either side.