Know Your Advantage In A Sell And Rent Back Solution
Agents and consultants of a sale and rent back
offer value your home and puts an offer in for cash that is a little
less than full market value. If you accept the offer, they will arrange
a quick sale for you. Contracts can be exchanged normally within 3 - 4
weeks. If needed be the case, it can be made in a shorter duration.
On the rental side, a rental agreement is raised that enables you to
remain in your home as a tenant. The terms are flexible to your
situation, and the amount you pay each month can be adjusted to make it
affordable for you. Once all the details are ironed out, and the
transaction completed, you receive a cash lump sum with which to pay
off your mortgage and other debts secured against the property. The
equity left over is then yours to keep.
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