Rent To Buy Spain is a professional real estate agency whose sole focus is marketing and selling properties where a Rent to Buy option is a route to purchase or sell the property. From their offices in Javea and Marbella they function just like a typical real estate agency. Here on the Costa del Sol, if you are looking to sell or rent a property in Fuengirola, please contact the Marbella office in the first instance.
They offer all the support that clients expect such as valuation, listing, photography, marketing and advertising. In addition, they also offer their clients a one-stop shop to take them through the Rent to Buy process. They have the support of a team of independent experts who can deal with the legal and financial aspects of creating and funding the Rent to Buy contract. Importantly, they have a good working knowledge of the Fuengirola area.
What is a Rent To Buy contract?
You are possible asking yourself, “What is a Rent To Buy contract?” Quite simply, it is a contractual arrangement where a property is rented for a specific period of time but with the option to purchase the property at a pre-agreed price during that term. All the monies paid during the rental period are deducted from the pre-agreed sales price at the time of purchase at the notary.
There are 4 key components: –
- Initial up-front lump-sum / deposit
- Monthly rental instalments amount
- Sales/purchase price
- Term within which to purchase the property
Rent to Buy contracts offer numerous advantages for buyers and vendors alike. The principal benefit for buyers is that they are not wasting money on rent. In Benidorm this can be a high monthly outlay. The rental payments are deducted from the agreed option to purchase price. It allows a buyer to break out from the rental trap of not being able to save up a mortgage deposit. For the vendors, the main benefit is that they will receive immediate income from their property with a sale for a pre-agreed price within a set term. They can plan accordingly.
The number one aim of Rent To Buy Spain is to raise the profile of buying and selling properties with a Rent to Buy option in Fuengirola, the Costa del Sol and across Spain. They offer a dedicated service to support both buyers and sellers using this approach. Visit their website for further information, review listings and to contact their team of property professionals at www.renttobuyspain.com
They are always looking for additional properties in Fuengirola area. If you have a property that you think could be marketed via Rent to Buy, please do not hesitate to contact them.