Real Estate - Real Estate Investment

Selling
your home and renting it back would allow you to sell your property
to the company and then continue living in it for a fixed monthly
rent payable to them, which would be decided before signing the
contract. The rental charge would remain fixed for a period and then
of course it would rise along with inflation. Once you became more
financially secure, you can also have the option of buying the
property back.

Buy
back and rent back is one of the options you would have to avoid
house repossession but it has to be looked into very carefully before
going ahead. There are advantages such as not having to pay
solicitors or estate agents commissions but there are also
disadvantages such as only being offered around 80 per cent to 85 per
cent value of the property. You would also have to realise that there
would be no guarantee of being able to live in the property
indefinitely.

Buy
back and rent back schemes work by the company buying your
property from you and then renting it back. They will also give you
the opportunity of being able to buy your house back for a
pre-determined sum. You would usually be given around 80 per cent to
85 per cent of the value of the property and while you could get 100
per cent by selling it yourself, you would have to pay estate agent’s
fees and solicitor’s fees.

By
going with a buy and rent back property company, the fees for the
solicitor will be paid and the whole process of selling your house
can be over in as little as 4 weeks. Another advantage is the rental
that is charged in order for you to remain in your home is tailored
to the individual and is based on the amount you can afford.