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Should You Buy Or Should You Lease Your Property

Aug 17, 2007
If you decide to buy or to sell your property you need to find a real estate agent to do the work that is needed. Don't just use the first estate agent around the corner. Do some market research first as different agents can charge you different percentages.

Always ask them for a quote which they are obliged to give you without you being tied in to a contract. Prior to that you need to know what you want or need when you are moving with the investment.

No matter whether the market is a good one or a bad one, there are always different moves that you can make in order to get the right person moved in to your property. And if you buy a property always remember the number 1 rule: location, location, location.

One of the several ways that you can move into a real estate investment is with Leasing. 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 considering buying a home, this is a good first step to get into. You will have lower payments, will be able to build 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 is not a sellers market and you find it hard to sell your home and you have not found any interest regarding your property, then leasing is a second option that you can consider. Leasing the property gives you the ability to profit from both sides.
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