Can't sell your home? Try Burke's rent-to-own.

Can't sell your home? Why not rent-to-own your home? Call me for exact details, but basically this is how it works.

It would be wonderful if you could sell your home in 30 days. The market currently is a tad soft, mostly because financing is so hard to come by.

People still need housing, and the rental market is hot, hot, hot. Did I mention it is hot?

You basically need to figure out how much option money you need down. You give this back to the renter when they exercise their option, but this money is non-refundable if they don't.

As a general rule you should have them put down at least $3000 on mid range homes, and on upper scale homes you need more.

The rent really depends on what the market value is. Sometimes, I will just let them make my payment for me.

Renters are in charge of all maintenance, utilities, and repairs, just as if it were their own home.

I have my banker or their banker work with them, and we help get them financing. Some need time to fix their credit, get a grant, or some need time to sell their own home, etc.

This is a great way to sell your home quickly. Generally the renter pays for all the closing costs in 6 to 12 months because they can get in a home with no closing costs up front. The reason they pay for this is you have already paid all the closing costs once.

It works out as a win win for everyone. You sell your home quickly and have someone pay your payments while they get financing. The renter wins because they can get their finances in order and only move "once."

It also works good for the renter because they don't have to come up with the 3% necessary for closing costs. They can actually save up for this, or get a grant through my banker, depending on their situation.

I currently have 6 rent-to-owns that are currently sold. I have sold two rent-to-own homes before in one hour. It really does work out well for both parties.

Channel 3 news did a news article on some of my rent-to-own programs.

Check out Burke Bennett Realtor/Broker for Idaho Falls, Rigby, Rexburg, and Shelley on video from Channel 3 News.

208 589 5599. Thanks, Burke Bennett

http://www.seidahohomes.com