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Sell Your House And Rent It Back
Have you come to a point in your life that you need cash fast? You know selling your home is a viable option that will give you the cash you need. But, you do not want to leave your home. With a sell and rent back agreement, you can stay in your home and have that extra cash you long for. The typical sale does not allow for you to stay in your home to sell it, but a rentback company like ours will allow you to stay in your home and rent it back!
Why would you want to sell and rent back your property? If you have fallen behind in your monthly mortgage payments but do not want to leave your home, selling it and renting it back maybe a great option for you. It can give you the money quickly to stop any repossession or get you caught up on your monthly payments without you having to leave your home.
Worried that you will pay too much to rent back your property? We charge the rent of the fair market value of other rentals in your area that are comparable to your home. We offer you fair pricing and terms that are standard to any tenancy agreement.
Of course there are many advantages to renting back your own home. One would be that you do not need to tell friends or family of your financial struggles. With the option to rent back your house we allow you to have more control then a typical landlord would. This means that in most cases you can paint or do repairs and upgrades as needed. In most cases we feel that if you continue to treat the home as if it was yours, you will take good care of it. You want to stay there and are going to continue to upgrade it to get the most out of your home. If you need more information, we can deliver a free quote to you within 24 hours.
You can choose to sell property and rentback as a solution for many financial problems. You could use the solution if you are faced with repossession, when wanting to release equity or when you are emigrating. In all of these cases having the ability to sell to rentback would be ideal.
If you are emigrating you would of course have to sell your home to move and in order to tie up all loose ends you would want to sell before leaving. If you put the home up for sale with an estate agent it could be there for some time even if it sold at all. Even if you got interest in the home and a sale seemed imminent it could fall through at the last minute due to broken chains. With the option of being able to sell rentback with a specialist company you could sell for a cash sum which would give peace of mind and then rent back until your departure date.
Being able to sell house and rent is useful if you need to raise a large sum of cash very quickly. You could use the equity in your home by selling for cash with a company offering a buy and rentback and using the money for whatever was needed. Of course you would pay rent each month to remain in the home and you would also be given the option of being able to buy back in the future. This could be a win-win situation providing you remember that while you remain in the home you are just the tenant.
Sell house to rentback could also be used if you are going through a divorce and need to sell the home in order to be able to split the proceeds yet one of the partners wants to remain in the home. You would be able to sell quickly for cash and then rentback house for an affordable sum each month with the option of being able to buy back the property if your circumstances allow it in the future.
A sale and rentback can also be taken if you are facing mortgage difficulties or you are already in arrears with the mortgage and facing imminent repossession. You can sell your home for cash, pay off the mortgage and then rentback house. This could be an ideal solution if you are faced with losing your home and cannot bear the thought of having to move out.
A sale rentback comes with many pros and some cons and these would have to be weighed up before deciding on taking the option. One of the biggest pros would of course be that you do not have to move out of the property, you would have the option of being able to buy back again in the future and you would not have any fees to payout. You can get all the information needed on house rent back from the website of the company offering to buy your home for cash. They should also work with you to find a solution that meets your needs so you are able to remain in the home by paying rent which would be affordable.
