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The best alternative to selling a property right away in Dallas TX, may be to lease it with an option to buy.
A Lease/Option involves leasing a property to an investor or tenant who agrees to buy the property at a future date and at a pre-determined price.
NOTE: This option may not be legal in all states. We would be glad to discuss this with you. Contact Us
– Current Appraised Property Value: $220,000
– Existing loan(s) payoff: $205,000
– Monthly Loan Payment (PITI): $1900
– Lease Payment: $1900
– 3-Year Option Sales price: $225,000
In this example, the property is leased for the loan payment of $1900/month, to an investor, who has an option to buy the property, within 3 years, at the premium price of $225,000.
The investor will then offer the property on a rent-to-own plan to one of many pre-qualified tenants that are looking to buy a home within the next 3 years.
Dallas Property Investors, LLC can manage this entire process for you by contracting to lease your property from you (with an option to buy), and then reselling the property to a buyer that would like to buy a property on a rent-to-own plan.