Advertising Rent to Own

[Andy J.]

I have a property that I'm trying to sell as a Rent to Own. Does anyone have experience with marketing these effectively? I have a lot of free web postings, some paid websites, local penny-saver, website, and bandit signs. I have two different bandit signs, also wondering if anyone else has good suggestions or alternatives for these. Much thanks!

Home for Sale
phone #
No Qualifying

and

Rent to Own
3bed/2bath $895 mo.
phone#

[Jeff Warner]

Are you going to be looking for an "Option Fee" deposit? I would highly recommend it. You could put:

RENT TO OWN
Low Down, $895 mo.
Bad Credit OK.
555-1212

I would try craigslist and maybe the local paper. Also, put a sign in the front yard. 12-18 month's is a pretty common term for a Lease with Option. Also, if I was you I would make sure you can actually get your tenant / buyer qualified for a mortgage in the lease period, if a mortgage broker tells you they can't get qualified in that time you may want to find another buyer. That is if you want to sell fast, maybe you want to carry for longer? Either way, you can ask a higher price for the home with terms like that. Option fee should be 2-3% and non-refundable if your tenant does not buy.

Jeff