The strategy you choose when selling your Dayton home can significantly impact the profit you walk away with. While a traditional home sale is common, it’s not always the most profitable route—especially for investors. One powerful and often overlooked exit strategy is the lease option. This hybrid approach blends rental income with the opportunity for a future sale, often resulting in higher returns and increased flexibility.
With a lease option agreement, you rent your property to a tenant-buyer who has the exclusive right—but not the obligation—to purchase the home after a set term, usually one to three years. In exchange, you collect an upfront non-refundable option fee, generating immediate income and locking in a qualified tenant with homeownership goals.
Let’s explore how using a lease option to sell your rental property in Dayton can boost your profits and reduce your risk
Asking Price
When you sell your Dayton property through a lease option, you control the future sale price. This amount is typically determined based on the expected appreciation of the property over the contract term, often allowing you to set a price above current market value. While you assume the risk of unexpected market shifts, the buyer takes on the risk of overpaying if the market declines.
Option Fee
One major benefit of this strategy is the ability to collect an option fee upfront—typically ranging from 1% to 5% of the agreed sale price. In some high-demand situations, this fee may go up to 20%. For example, if your Dayton home is listed at $400,000, a 5% option fee puts $20,000 in your pocket immediately, and this fee is usually non-refundable. It’s a win-win: you gain instant cash, and your tenant gains future purchase rights.
Tenants Maintain Your Property
Unlike traditional rentals, a lease option shifts the responsibility for routine maintenance and minor repairs to the tenant. You’ll still be responsible for taxes and insurance as the legal property owner, but the day-to-day property management burden becomes significantly lighter. This means fewer headaches for you—and greater care from tenants who are preparing to one day own the property.
Above Market Rent
Lease option agreements typically include a rent premium, which is the amount your tenant pays above the standard market rent. This premium may be credited toward the purchase if the tenant buys the home. If they don’t, you keep both the premium and the option fee. This approach allows you to maximize your monthly income while positioning the property for sale in the near future.
Why Work with Wright Home Offer?
At Wright Home Offer, our experienced team of professional home buyers can walk you through every aspect of selling your Dayton home with a lease option. We’ll show you side-by-side comparisons of a traditional sale versus the lease option method and even present a no-obligation, cash offer to buy your home as-is. You’ll have total transparency into our numbers and complete control over your decision-making.
We specialize in creative real estate solutions that help Dayton sellers get top value for their properties—even in challenging or unconventional situations.
Learn More Today
If you’re looking to unlock maximum value with minimal stress, a lease option might be the perfect solution. Call Wright Home Offer today at 937-998-4239 to learn how you can leverage this smart selling strategy to get the most from your rental property in Dayton.