***Possible lease-to-own in Maryland - novice needs advice

General Real Estate Investing
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Thanks in advance for any replies.
I’ll get straight to it -

the facts

  1. my home, on MLS. LIsted at just under $300K
  2. possible interest in lease-to-own from a buyer’s agent
  3. have had plenty of foot traffic via MLS but no firm offers on table yet.

Should I consider the l/o or should I just try to sell it outright. Do not HAVE to move, but have growing family and would like to buy SFH since prices have fallen to more reasonable levels in my area.

If I do the l/o - I need advice from the experts here as to how much money to get up front, how the agents are going to get paid from this deal, what time frame is a “good timeframe” for a l/o (year, 2 years, 6 months?).

I would definitely have a prop. mgt company involved even though we’d be staying in the area so the monthly rent is going to be comparable to a mortgage note from a bank. I don’t really know what the advantages are to the prospective buyer becuase of this . . . any particular questions I should have my agent ask her agent??

Sorry, I’m sure this stuff has been answered a million times here.

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Should I consider the l/o or should I just try to sell it outright.
Who better to answer that question than yourself?
If I do the l/o - I need advice from the experts here as to how much money to get up front, how the agents are going to get paid from this deal, what time frame is a "good timeframe" for a l/o (year, 2 years, 6 months?).
From your perspective, shorter is better. Typically, a one year lease is what is offered. As for how much option money down, these days I'm seeing around two percent, maybe three, as the norm. But let the offer come in first. Someone may surprise you with a larger amount of option money. How the Agents involved get paid is up to you and whatever you can work out. Everything is on the table these days.
I would definitely have a prop. mgt company involved even though we'd be staying in the area. . .
Why? Seems like an unnecessary expense, and no one will watch out for your interests like you will.