To Buy or To Lease

Buying and selling means more than finding a real estate agent to do the work that is needed. There is also the need to make sure that you know what you would like or need when you are moving with the investment. Regardless of what the market is, there are always different moves that you can make in order to get the right person moved in to your property.

Leasing is one of several ways that you can move into a real estate investment. If you are having difficulty selling your home or property, then you can consider leasing as an option instead of selling it. If you decide to use the lease option for the property, then it means that you will become the landlord for a period of at least one year. The tenant will have a contract that is signed for this amount of time that says to take care of the property and pay rent. After the time period is up, the tenant will have the option of buying the property from you.

If you are thinking about buying a home, this is a good first step to get into. You will have lower payments, will be able to develop your credit, and will have the option of trying out the property before you buy it. If you are selling the property, it can also be beneficial, as it allows you to demand a higher price and move into a better market when it is time to sell. Usually, by the time you are ready to sell, you will be able to offer a price that is ten to twenty percent higher than it would have been a year before.

If the market just isn't right, you can't sell your home, and the right options don't seem to be walking through the door, then leasing is a second option that you can consider. By leasing the property, you will have the ability to profit on either side of the fence.

ABOUT THE AUTHOR

Bob Schwartz, is a Certified Residential Specialist, CA licensed real estate broker with www.Brokerforyou.com. Bob has over 27 years of residential real estate experience, authored a number of published articles and served as an expert witness for San Diego lawyers. You can contact Bob via e-mail at bob@brokerforyou.com or visit his highly popular San Diego real estate website at: http://www.brokerforyou.com
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