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Basis Of Sell And Rent Back

December 12th, 2009 FlatsForRent-London No comments

You might have purchased a car but after using it for a few years you may think of selling it but the most crucial problem would be you are not getting real worth of it since the market value is depreciating. Think of a bigger picture you are planning to buy a new house so you decided to sell this house in the open market but face another loss. You may be in real trouble now. One of the best ways to get out of this solution is sell your house to a specialist company so that you can get cash quickly and stay in the same house as a tenant. You can stay in the same house for a short term or long term; it depends on your requirements.If you choose a real estate agent to sell your house, he may take months to sell your house when you are in urgent need of money. It would be better to choose a specialist company who will buy your house and finish all the paper work in less than 7 days, with cash being deposited in your bank account once the whole process is over. You don’t have to search a new house as you can stay in the same house as a tenant. You just have to pay monthly rent. You also have the option of buying back the house from the specialist company when your financial conditions improve.People plan to sell their house if they have debts to pay, divorce settlement, releasing equity, emigration the list is endless. Many specialist companies will sell your property within a timescale according to your requirements. In certain of mortgage arrears they can stop repossession or eviction and help you manage mortgage lenders and credit card balances.If you sell the house through a traditional estate agent it involves some sort of chain. Some sellers can face real problems if the chain breaks, and there’s no guarantee that the sale will go through until the completion papers are signed. Even if you accept an offer on your home it may take anywhere three to twelve months to sell your home- by that time your debts may be called in.If you choose a real estate agent you have to pay estate agent and also for the legal work. The longer it takes to sell the house, the more it costs. But if you choose a sell and rent back scheme you don’t have to pay any fees and the sale will complete within a week.

What is Sell and Rent Back?

December 2nd, 2009 FlatsForRent-London No comments

In simple terms, sell and rent back means you sell the property to the buyer and instead of relocating to another house you stay in the same house but as a tenant at an agreed rental price that you can afford. People generally plan to sell their house when they face certain problems like financial difficulty, Divorce, Emigration and Release Equity. Financial difficulties arise when a person is not in a position to pay mortgage amount on time. Mortgage problems arise due to job loss, health reasons, high interest rates etc. There is a solution to your problem. You can sell your property for cash to a specialist company and live in the same house as tenant.People take divorce as they can’t get along well. Separation is a very painful process. In Divorce situation, couples plan to sell the house. But due to emotional attachment or reduce inconvenience one party decides to stay in the same property. A sell and rent back may be ideal in these situations. People who are planning to Emigrate may face the problem of selling their house fast. This may be a stress factor for them. The best solution would be to sell the house quickly to a specialist company and stay in the same house as a tenant till the time comes when they have to leave. Some people want to release equity for future purpose like starting business overseas or want to emigrate somewhere else. It may take some months if they sell their property through a broker. It would be best if they choose sell and rent back option.If you are planning to sell the property to a specialist company they will find out worth of the property. They will find out what is the average rental figure in your area. The maximum rent that you can afford, which may or may not be as high as the average rent. Once the specialist companies have done their analysis they will find out if the package suits them and then discuss the figures with you over the phone. If you like their offer they will visit your property. It is not important that you accept their offer at this stage. Specialist Company will see your property and if they are happy with it they will confirm your offer. If you have any questions to be answered they will be ready to help you. If you decide to sell and rent back then Specialist Company will handle all the paperwork to you. It would be better if you appoint solicitor who will work on your behalf. The sale will take about four weeks from the time you accept the offer.

Wondering â??how can I sell my house quicklyâ?? SecureASale makes it simple with their top â??Sell My Homeâ?? tips..

November 26th, 2009 FlatsForRent-London 1 comment

When it comes to achieving fast house sales, sitting around thinking â??Iâ??ll never sell my houseâ? is not going to get you anywhere. Instead consider the following three options, any one of which could be the key to your fast house sales dilemma:

Option 1 â?? Estate Agents

Think about what you want to achieve: To ensure I can sell house quickly in a tough market, I need to ensure it is priced as cheaply as possible to look attractive in the agentâ??s books. I need to give myself the best chance of a fast house sale; Iâ??ll de-clutter, neutralise and make it easy for the agent to show to potential buyers- they will be far more likely to want to buy my home if they can envisage their life there.

Option 2 â?? Sell and rent back

This sort of equity release is not encouraged unless as a last resort because too many quick sell-to-rent-back companies advertising equity release services are not well capitalised enough to ensure they will continue paying the mortgage. In the short term home equity release may solve the problem; however in the long-run this could leave you facing eviction if the flat or house is repossessed. If you canâ??t afford to pay the mortgage, you probably canâ??t afford to pay the rent over the long-term either.

Option 3 â??Property Investment or cash homebuyer companies

I need to sell my house quickly and I donâ??t have time to wait for an estate agent to find individual buyers to buy my home.  Iâ??ll sell my house to a property investment company or London cash homebuyer like SecureASale.

SecureASale is uniquely positioned as a cash purchaser to enable you to achieve an urgent sale. SecureASale can normally exchange contracts in 48 hours and complete in under a week, putting an immediate stop to all those â??sell my houseâ?? worries.

Sell to rent back options could lead to more money worries says cash homebuyer expert, SecureASale

November 25th, 2009 FlatsForRent-London No comments

‘Sell my house fast’ specialist, SecureASale has today highlighted the pitfalls to sellers that selling a property to rent it back throws up.LONDON, UK- Property quick sale expert, SecureASale has today issued a report on the severe downsides to selling a property in order to rent it back again.SecureASale company director and UK property market expert, Tim Jackson said, “If you are in financial difficulties and are thinking, “i need to sell my house fast”, then a quick sale to a cash homebuyer (like SecureASale) can often help to get you back on track.”He continues, “Many companies also offer you the option to rent back your home from them once the sale is complete. While this is advantageous for the new owner (as they often take all the rent upfront and have a guaranteed tenant in the property), it is very rarely in the best interests of the seller, unless it is only for a very short period of time. If you can no longer afford to pay the mortgage on your home, then you probably won’t be able to afford the rent either as the new owner has to ensure that the costs on their own finances are more than covered.”Jackson also went on to highlight the fact that most struggling homeowners who require equity release services are far better off downsizing to a smaller home and either purchasing or renting a cheaper property elsewhere. SecureASale’s experts have also warned of the dangers of choosing an unreliable buyer. Jackson comments, “If you have found yourself in a position where you absolutely have to rent back your property from the new owner, please ensure that the homebuyer company you choose is a well-capitalised, cash-funded business and research them thoroughly before you take the plunge. This is important as many so-called quick sale, cash for homes experts fail to keep up payments on mortgages they secure on homes they have bought and the property ends up being repossessed by the bank. This leads to the tenant being forced out, often having paid a substantial ‘rent’ upfront to the new owner. “Whilst an opportunity to release home equity is always tempting, especially when coupled with the idea of remaining in your current property, not every quick sale cash homebuyer has the funding to ensure your dream doesn’t turn into a real life nightmare.”Whilst overall, rents are likely to continue to fall in line with plunging interest rates, incomes are also falling fast across the UK and job losses and company liquidations are rife. Ensuring you choose the right buy to rent back expert- so you don’t end up homeless and out of pocket- has never been so important. With a surplus of property available for rent thanks to the market crash, renters can, in many ways, take their pick.For more advice on selling a property in order to rent back or any other property issues, please visit http://www.secureasale.co.uk or ring 020 7117 6001and ask to speak to one of SecureASale’s directors, who have over ten years of experience in the UK property market.For all press enquiries please contact:info@secureasale.co.uk(020) 7117 6001Head Office:14b Pond SquareLondon N6 6BA

Rent And Buy Back To Avoid Mortgage Repossession

November 14th, 2009 FlatsForRent-London No comments

Sell and rent back is the best solution for people who are under debts. You can sell and then rent it back as long as you wish too. If you don’t want to relocate, you can stay in the same house as tenant. People generally sell and rent back due to job loss, migration etc. Many owners are not able to pay mortgage payments which may lead to repossession. Lenders may take possession of your house and churn out all their dues through auction.With sell and rent back options you can stay in the same house as long as you want. These schemes bring a huge relief for hopeless property owners. Relocating is not as easy as it seems. It may be difficult for you to leave the house as you are emotionally attached to it. Just a thought about it, may be nerve-racking. And why not, you have really worked hard to buy this house.But now you can be happy as many real estate dealers are helping those under debts. Now you can sell your house within a month and get cash quickly. Sell and rent back option releases cash quickly and allow you to stay in the same house till you desire. Such companies offer personalized short term and long term schemes to suit individual needs.Internet has made things simpler. Many reputed companies have their own websites to help those who are in need. They offer sell and rent back, cash property sale etc on acceptable terms and conditions. Some companies also offer buy back schemes wherein they allow you to buy back the house when you are financially stable.Sell and rent back can raise capital or avoid repossession and also allow staying in your house. You have to unlock your capital from your home to clear any debts you may have or to fund a better retirement. Sell and rent back schemes can also be a way of funding your retirement without having to sell your home.Sell and rent back solutions can bring you mental peace and financial stability. Your deal ends in a couple of weeks without exhausting your mind in legal rigmaroles.  Such companies also cut down their valuation fees and repay all judicial expenses incurred on the deal. They purchase your house at 70%-80% of the market assessment and then rent it back on an affordable amount. Thus, if you are facing any credit crunch, you don’t have to worry as you can sell and rent back your house. The clouds of debts lift little by little once you regain your financial strength. So, remove all your worries as sell and rent back solutions will allow you to stay in your own adobe.