Rent Your Listing


 

RENTYOURLISTING.COM

WE ARE RENTAL / LEASE PURCHASE SPECIALISTS !

 

Due to the current real estate market sales condition, it’s no suprise that many homeowners are deciding to rent their homes instead of selling.  The key is to work with a Real Estate agency that understands renting, leases purchases and option to buy.  We will educate and guide you through this beneficial option. We also offer flexible commission rates when and if you decide to sell.

 

 

ReSales Realty became “rental  / lease purchase”specialists because of our deep understanding, efficient follow up and screening of “potential tenants”.  We are educated in the New Jersey Landlord / Tenant Laws and share this knowledge with landlords and tenants.  We have many satisfied clients who continue to refer us to their acquaintances.  We also work with Investors as well as Homeowners…so we have an understanding of leasing, rental expenses and cash flow. 

Here are some answers to questions that might interest you if you are thinking of renting.

If my property is currently up for sale, can I also offer it for rent or lease purchase?

Absolutely!  At ReSales we encourage our clients to do all three if it fits their needs, especially if you do not necessarily need proceeds (cash) from the sale of their property immediately.

Is is a smart move for investors to rent or lease purchase? 

In a “normal” market or “buyers” market it is a good move.  Many of our “rehab” clients offer their properties for sale, rent or lease purchase.  Renting may also offer tax benefits in terms of capital gains due if sold in the short term.

Do Real Estate Agencies screen potential tenants?

We send those interested in renting an application that asks for preliminary information that is important to review when making a decision to rent to them.  Some of these questions include: a credit report, income information, monthly debt, number of occupants, pets and past landlord references.  All this information is shared with you, the landlord.

Who prepares the leases? 

If there is no attorney involved, licensed NJ Real Estate Brokers can generate leases that are prepared by attorneys associated with our local Board of Realtors. 

What is a Lease-to-Own Purchase?

A lease-to-own house purchase (also known as “rent-to-own purchase” or “lease purchase”) is a lease combined with an option to purchase the property within a specified period, usually 3 years or less, at an agreed-upon price. The borrower pays an option fee, 1% to 5% of the price, which is credited to the purchase price or the borrower pays rent, and an additional rent premium that is credited to the purchase price. If the purchase option is not exercised, the buyer loses both the option fee and the rent premium.   There is normally an agreed price and settlement date with an obligation for tenant to buy unless his qualifications are not suitable at the end of the lease term.

What is Option-to-Buy?

Option-to-Buy is where the existing tenant has the option to purchase the property at the end of the lease term.  There may or may not be monies put aside towards purchase, if both parties agree.  The terms of the agreement are stated in the lease form the onset.  There is no obligation for either party to perform.  The tenant simply has first rights to purchase upon qualifying at the end of lease term.

 

Call now to meet with us and find out what we can offer you.

856-795-3111