June 19, 2024


Mad about real estate

Issues regarding sell and rent back

You can stop home repossession by sell and rent back scheme. Sell and rent back means a property cash buyer may buy your house quickly and deposit cash in your bank account within a few days.  You may be worried after selling your house where will you stay. But your problem can be solved as you can stay in the same house as a tenant.  If you sell your house through a property cash buyer you may receive 75{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} of market value. It is very difficult to sell a house in the falling market. So majority of homeowners choose sell and rent back because they are desperate to move house or wish to stop repossession.

If you sell your house through a real estate agent it may take a few months or sometimes a few years also. But with the help of sell and rent back scheme you quickly sell your house. Sell and rent back normally covers legal fees and the availability of a property cash buyer means that there is no 1-2{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} estate agent fee.

If you sell your house through sell and rent back you can prevent home repossession, sell the house quickly, no estate agent and legal fees, affordable rent etc.  A sell and rent back means that seller has to pay low monthly rentals.

There are other reasons for people to sell their house. One of the main reasons is because of financial difficulties.  If you want immediate cash, then sell and rent back would be the best solution. If you sell your house through sell and rent back scheme, you can stay in the same house. Children need not change schools and you don’t have to look after another house. Other reason for a person wanting to sell his house is he might be in debt, he might have a lower income now or there might be a break up in relationship. His son or daughter might be going in for further studies for which money might be needed or he might have planned a dream holiday for which money in a lump sum may be needed. Whatever the reason, the whole process will be over quickly for both the seller and the buyer. The house that you rent back can be taken on lease for a minimum of ten years that can be renewed. This lease can be taken for a longer time, if necessary.

In great financial difficulties, when people are afraid of losing their homes, sell and rent back facility is definitely a great solution.