Make sure there is a Virtual tour of your home and 24 photos if possible and staging and cleaning all of these things will help.. but the price has to be in line.... maybe offer a bonus for other Realtors to bring in their buyers?
Is your home with a MLS and does your agent have a website? Good luck to you and I know this is stressful and you need to just make sure your Realtor is doing all they can.... more
OK. To actually anwer your question, from a lender's standpoint, the cost to rent similar property in the same market is determined by an appraiser. Then, any amount paid in excess of this is credited towards the purchase in the form of a credit towards the downpayment. For example, 3 bedroom, 1500 sf homes in the area rents on average for $1000 per month. If the renter/buyer pays $1500 per month, then $500 per month is credited towards the purchase. It must be a minimum 12 month lease.
To be honest, I have never worked a deal like this, but this is my understanding of how it works. There may be other variations or opinions, and definately more details to learn, but I do hope this helps.
Dan Mengedoht... more