If you wish to sell your home with the option of being able to rent it back, for a fixed period, you may wish to check out a sale and rent back agreement. Companies typically offer to buy your property for an agreed sum, usually around 70% of the value, and then take rent from you each month for the fixed period. Sell and rent back agreements may be an option to avoid having to give up your home to repossession, they are also used in situations such as divorce or if you are emigrating.

A buy and rent back company may provide free advice on how they could help you to avoid repossession or make the strain of divorce easier.  If you are emigrating you have peace of mind that your home has been sold before you leave.

Usually a company would give you an estimate verbally as to how much your property is worth, not the full asking price. If you think it is fair then they will arrange to visit you, see the property and the area in which you live, and then make a formal written offer. If both parties agree contracts will be signed and you will hand over your home and become a tenant for the fixed period.