Choosing the right approach when selling your Olympia property can dramatically impact your investment outcomes. Lease options provide a particularly valuable alternative to conventional sales, allowing you to maximize your returns while retaining control. When the agreement concludes, typically within one to three years, tenants can either purchase the home or move on—with either outcome, you keep the initial option fee collected upfront as a non-refundable down payment.
While resembling standard rentals, lease options create an entirely different relationship—these tenants have significantly more invested than typical renters because they’re essentially test-driving homeownership with real commitment. They gladly pay premium rates for the chance to experience homeownership while rebuilding credit or saving for their down payment. With reliable occupants and a properly structured agreement, many Olympia investors quickly recognize this arrangement’s substantial advantages and begin specifically targeting lease option strategies for their investment properties. Continue reading as we explore how using a lease option to sell your rental property in Olympia delivers the speed, certainty, and hassle-free experience our clients value.
Asking Price
When utilizing a lease option to sell your house in Olympia, you maintain ownership control and can establish the sales price upfront. This price is typically set above current market value to account for anticipated appreciation during the contract period. While you assume the risk of unexpected market surges, the tenant takes on the risk of potential value decreases—creating a balanced arrangement that respects both parties’ financial interests and provides certainty in an otherwise unpredictable market.
Option Fee
Selling your Olympia house through a lease option means securing a substantial non-refundable option fee—typically between one and five percent of the sales price, though fees up to twenty percent aren’t uncommon in competitive markets. With the national median listing price for active listings around $450,000 as of May 2022, a 5 percent fee would generate $22,500 in immediate cash flow. This fee grants the tenant the exclusive right to purchase and is usually credited toward the final purchase price if they exercise their option—creating a fast, reliable transaction that benefits everyone involved.
Tenants Maintain Your Property
When implementing a lease option to sell your house in Olympia, you’ll retain the property title and remain responsible for taxes and insurance, but the tenant assumes responsibility for virtually everything else. This arrangement typically makes tenants financially accountable for maintaining the property and handling repairs—freeing you from those day-to-day homeownership headaches while preserving your long-term investment and providing the peace of mind our local clients consistently value throughout the contract term.
Above Market Rent
A lease option enables you to earn premium rental income when selling your house in Olympia. This additional amount—called the rent premium—accumulates throughout the contract term and is credited toward the purchase price if the buyer exercises their option. If they choose not to purchase, you retain these premium payments as additional profit, providing you with enhanced cash flow regardless of the final outcome—one of many reasons local Olympia investors increasingly favor this straightforward, low-stress strategy.
Connect with one of our experienced home buying specialists at We Buy Houses in Olympia today about your property, with absolutely no obligation. At We Buy Houses in Olympia, we prioritize integrity in every transaction—our local Olympia team wants you to feel confident you’ve made the best decision for your situation and remain satisfied with our service long after closing. That’s why we’ll transparently compare the numbers between a traditional listing, the lease option method, and even make you a direct, as-is cash offer for your property. At We Buy Houses in Olympia, we provide detailed calculations and honest guidance so you can make an informed decision about the best way to sell your Olympia house with certainty and without stress.
Ready to explore the mutual benefits of using a lease option to sell your house in Olympia with a trusted, local company that delivers on its promises? Call We Buy Houses in Olympia at (360) 996-1212.