subject: The Many Reasons Why Sell House and Rent Back Schemes Can Be an Increasingly Attractive Option [print this page] The Many Reasons Why Sell House and Rent Back Schemes Can Be an Increasingly Attractive Option
Sell to rent back schemes could increase as builders specializing in new builds property are going to extraordinary lengths to catch the shrinking number of buyers. Sell house and rent back schemes, basically, let existing homeowners to cash in on their home by selling to reliable home buying company. The sell to rent back schemes mean a homeowner can stay in the family home as legal tenants. For many homeowners, the option is ideal if they are financially problematic and need a large amount of cash to pay of mounting debt, or are worried about the risks of property repossession.
Selling And Renting Back - Rock And A Hard Place
More and more homeowners are finding themselves in an impossible situation. As property prices plummet and home buyers dry up, an increasing number of homeowners are stuck in a housing rut. And you don't need to be made redundant to be a victim of the credit crunch or vulnerable to sell house and rent back schemes. The huge increase in the cost of living, from food bills, fuel bills, and petrol and utility bills is impacting on average incomes. So much so, that several household incomes are being outstripped by their outgoings. A sell house to rent back scheme could be the only approach to close the financial gap.
Sell Your Property And Rent Back As Developers Target Property Buyers
Another factor why sell and rent back schemes could be an increasingly attractive option is the fact that property buyers simply aren't buying. The flexibility of home buying companies means you have the option for a quick cash sale if you just can't afford to wait for months and months for a prospective home buyer, or you need to move quickly. You could also benefit from the release of equity with a quick cash sale and stay put and rent back. If you are holding out for the dream home buyer to appear, you could be taking a huge financial gamble. The few home buyers that are buying are negotiating massive reductions in housing prices as they know many home sellers are now in vulnerable positions. They are also being inundated with sweeteners and offers from home builders and developers desperate to sell their real homes. A sell and rent back property scheme could seem attractive when you consider that home buyers are being lured away from buying on the property market with cut price offers of up to 40% on new builds. Home builders hit hard by the credit crunch are going the extra mile to persuade the few home buyers out there to buy from them with incredible incentives such as a free Vauxhall Corsa, utility bills paid for 5 years, or ?8,000 in cash.
Bottom Line: If you are in financial trouble, sell and rent back scheme is the best solution to help you get back on track.
