Rent To Buy by Sunset Real Estate Agency
Rent to Buy Spain are an agency solely focused on marketing and selling properties where a Rent to Buy option is a route to purchase or sell your property. The information below is supplied by Sunset Real Estate Agency. These options have been used in Spain to buy and sell properties for quite a few years. Fundamentally a property is rented out to a tenant with an option to buy within a certain term (usually 1-3 years).
The tenant will pay an initial amount (between 3% – 10% of the property price), a monthly rent and they commit to buy the property for an agreed price within an agreed term. The fees/rent paid throughout the term are 100% assigned and deducted from the agreed purchase price.
The benefit to the seller is that they are getting revenue from their empty property or it allows them to move out of it should they be living there at the time. If the buyer drops out of the agreement the owner keeps all the fees/rent and of course they keep their property so they are financially better off than they would have been via a standard rental agreement. The benefit for the buyer is that they are not wasting money on rent; the rent they pay comes off of the purchase option price. They are effectively getting an interest free loan/mortgage because they are not paying interest on their payments. They also, get to try the property before they commit to buy it, they can move on should the area or house not be suitable for them.
Their Javea office
Rent To Buy Spain are an agency solely focused on marketing and selling properties where a rent to buy option is a route to purchase or sell your property. They act like a typical real estate agency and offer all the services you would expect. Their core aim is to raise the profile of buying and selling properties with a rent to buy option and to offer a dedicated service to support buyers and sellers across Spain using this approach.
For more information click here https://www.renttobuyspain.com/