HOUSEALONG EXITS COURSE

Clarify what you need from your next chapter.

• List your timeline, cash needs, and ongoing responsibilities.
• Separate your desired price from the net outcome you need.
• Identify the questions to ask before choosing an exit.

Look at more than one way forward.

• Compare a conventional sale, a direct sale, renting, and a lease option.
• Recognize when a strategy adds complexity instead of solving the problem.
• Bring proposed terms to qualified local professionals.

Follow the money across the full agreement.

• Distinguish rent, option fees, purchase credits, and a future sale price.
• Account for holding costs, vacancies, maintenance, and professional fees.
• Consider both a completed purchase and a purchase that does not happen.

Clear expectations protect the path forward.

• Investigate title, financing, insurance, and local requirements.
• Define responsibilities, deadlines, and consequences in writing.
• Get independent professional review before signing.

A future purchase needs more than good intentions.

• Understand the role of lender-led readiness assessment.
• Ask what support and progress checks a tenant-buyer will receive.
• Keep expectations realistic without promising loan approval.

Prepare for possible outcomes before move-in.

• Understand the closing process and the professionals involved.
• Discuss extensions, expiry, and other outcomes before they become urgent.
• Decide with the costs, responsibilities, and alternatives in view.