Archive for Sale and Rent back
May
21
How Does the Sell and Rent Back Process Work?
Posted by: | CommentsFirst make a call to a specialist company and discuss your problem with the representatives. Specialist companies will deal with every customer sensitively. Since customer is considered king in every business, in sell and rent back business also the specialist company has to deal with the customer carefully and listen to his problems with loads of patience. The specialist company will tell you how the sell and rent back service works. The second step would be to do a free value assessment of the property. Someone from the company will visit your house within 24 hours and give you other details.
They will tell you the value of your property. The sell and rent back company will decide on the rental value of the property after knowing the rental value of other properties in that area. You are under no compulsion to accept their offer. Once the offer is accepted by you specialist Company will tell you to sign a legal contract with them relating to standard tenancy agreement. Sell and rent back company will make you understand all the terms and conditions of the contract before you sign it. You can tell your solicitor to look over the deal before signing it. They do not charge hidden costs or extra costs. They retain only a small part of your payment as a deposit. Once you’ve have signed the contract you’ll get your cash generated from sale of your property. You can pay rent by direct debit, check or cash.
By renting back your own home you’ll be able to avoid estate agents, tiresome public viewings, property chain breaking issues, the search for suitable rental accommodation as well as the tiresome business of moving itself. Due to credit crunch thousands of homeowners resort to private property sales to get out of bad debts and settle mortgage payment arrears. Maybe you’re one of the homeowners who simply have no choice but to use the money you’ll receive for the sale of your home to pay off bills, make payments on overdrawn credit cards and maybe even put a bit aside for a rainy day.
While this solves short-term problems like debt and payment arrears, it also means that you stand in danger of being exploited by greedy agents and landlords cashing in on the soaring demand for housing in the rental sector. Don’t fall into the trap of unscrupulous landlords or rental agents. Better visit specialist companies who will buy your house at a good price and rent it back to you, so that you do not face any problem.
Sell and Rent Back
May
16
How to Rent to Buy Your Next Home Without Rent to Buy Investors
Posted by: | CommentsToday more then ever, more and more people are looking at Renting to buy their home, due to the credit squeeze of the sub prime mortgage market. What most people don’t realize is that they don’t need to rely on professional Rent To Buy investors to secure their own home. By simply using a basic marketing system, it is possible to find and move into your own home within 12 weeks!
So, if you have been asking yourself, could I ever secure my own Rent To Buy Home without an investor, the answer is a definitive YES. In this article, we are going to cover the three main way to make a Rent To Buy deal work, and you can use this to decide what way would be best for you and your family.
Before you decide what Rent To Buy purchase would be best for you, please consider your income, your budget, your credit rating and more importantly, the needs of your who family.
The Rent To Buy method covers various different ways to make a Rent to buy purchase work, so lets cover the three most common ways.
Method one for Rent To Buy is what we call Lease with the Option to purchase. The paperwork to support this method is a normal residential lease agreement and a call option deed. The lease agreement gives you rights to occupy the property and the call option deed gives you control of the asset financially for the term of the agreement. The buyer gets to try before they buy using this rent to buy method.
Method two for Rent To Buy is what we call a vendor financed deposit. The paperwork to support this method is a contract for sale of land, a second mortgage loan agreement and usually, a caveat to protect the title. Using this method, the buyer gets to buy the home using normally mortgage finance, and the vendor (owner) of the property offers vendor finance to fund the buyers deposit. The buyer will normally need clean credit to qualify for this rent to buy method.
Method three for Rent To Buy is what we call a terms contract. The paperwork to support this method is a contract for sale of land and a consumer credit code compliant installment credit contract. The buyer makes payments to the owner for a period of time that they both agree, so in basic terms, its like a delayed settlement with regular payments to occupy the property.
So, as you can see, these three Rent To Buy methods can make the prospects of owning your own home much easier then needing to qualify for a home loan under normal circumstances. The We Buy Homes Rent To Buy methods are always treated as an open book policy, so that everyone knows to good and bad points of Rent To Buy before they jump into such a deal.
Always remember to get independent legal advice before signing any documentation, and you should find yourself in a safe and profitable venture moving forward.
Passive Income
Apr
27
How to Ensure Quick Sale of your Property?
Posted by: | CommentsAt times you find it exigent to sell a property very quickly, almost in no time. Unavoidable circumstances like divorce or separation from your partner may drive you to such an emergency. The common chemistry that united you together is not matching any more. The moral maths of the moment demands a separation. To get over with the stress and strains you are undergoing, you need a quick sale of your property.
Or it may be that you are in need of cash in a flash. With a next to zero bank balance, you may turn to friends and relatives to avail that. You try every reliable source but in vain. So, you see no other alternative than to bank upon your property. But selling a property involves some documentation which, in turn, wastes lots of time. Sometimes it takes months to receive the cash. So, how can you ensure a quick sale of your property!
Well, the answer lies in the estate agents. Under any such circumstances when you need to sell your property quickly, they can provide you with valuable service. They will buy your home, sometimes directly from you. There will be no intervention of any third party. The hassle of documentation will be very less. Most importantly, you will have the cash in your hand very quickly.
Selling a property through estate agents is really smooth and easy. Whatever your circumstances may be, they will be ready to buy your property. You may need a quick sale for bizarre reasons. Apart from divorce, separation and financial difficulties, you may want to sell your property for some other reasons. Thus, you might be lagging behind with your mortgage repayment; so much so that you are heading towards property repossession.
Or you may be going to buy a new home and want to sell out the old one. It may even be the case of going abroad all on a sudden. In all the above circumstances what you need is a quick sale of your property to be in control of your schedule. Your singular effort will not be enough to meet such an emergency. So, the help of an estate agent is a must. They will buy the property instantly, sometimes even within twenty for hours and shell out the money on time.
Rent Back Fast
Apr
25
10 Questions You Must Ask A Sale And Rent Back Company
Posted by: | CommentsBefore you chose a Sale and Rent Back company you need to find out the following:
1. How long can I stay?
It is extremely important that you receive confirmation about how long you can stay. If you have no set timeframe and want to stay for the long term it is important that you receive confirmation in writing to this effect. This needs to be in both a letter of intent and the tenancy agreement must include a right to renew clause.
2. Will the rent rise and if so, when and by how much?
It is important you get the answer to this question in writing. It is common for landlords to raise rents every year or two but some sale and rent back companies may have longer fixed rent periods in exchange for a lower sale price. Matching annual rent rises with inflation or a small percentage (i.e 4 to 5%) is common. Be wary of a company that says it will never raise rents as they are likely lying (unless they have bought your property for a very small percentage of its market value).
3. Will there be a tenancy agreement?
If you are not offered one consider walking away. Having an Assured Shorthold Tenancy Agreement signed by both parties is very important to protect your rights as a tenant. Without this you may be classified as a squatter and forced to leave your property after the sale.
4. Do you intend to sell the property in the future?
If you are hoping to stay for the long term, obviously you want this answer to be no or not until you decide to leave. A good sale and rent back company will intend to rent out the property for the long term (even if you decide to leave and they have to get someone else in). They will have a buy and hold strategy and should not rely on selling their rent back properties to make their money.
5. Who will be responsible for repairs?
This should be clearly stated in the tenancy agreement but as a general rule the landlord (sale and rent back company) is responsible for all maintenance issues (i.e. broken boiler, leaking roof). This should all be made clear in the tenancy agreement.
6. Can I redecorate?
Most sale and rent back companies (and landlords in general) are okay with their tenants redecorating as long as they do not devalue the property in any way. It is in their interests for their tenants to feel like it is there home. You will need to get permission before you do any work.
7. Can I chose my own solicitor?
The sale and rent back company should allow you to chose your own solicitor and most of the good ones will pay the first GBP 500 of their fees. However, they will normally suggest that you chose one that they recommend. This is because they know they will do the job properly and quickly. One of the main reasons property purchases take so long is because of delays with solicitors so if you do chose your own the sale and rent back company are unlikely to guarantee the completion date.
8. Will any fees be payable upfront?
A good sale and rent back company will not charge you any fees up front. They should pay for any valuations and surveys necessary. If you are asked for any money up front refuse and use another firm. Some less reputable companies ask for a valuation fee and then make a ridiculously low offer.
9. Does the company have references?
A good reputable sale and rent back company should be able to provide you with testimonials from current clients.
10. How long will the process take?
A good company will be able to complete the sale in a timeframe that suits you. If you are not in a repossession situation they should have the ability and experience to complete quickly and stop the eviction (in 1 week or less if necessary). Normally the sale will take about 4 weeks but can be delayed if necessary (i.e. until the redemption penalty on the current mortgage expires)
Quick House Sale
Apr
02
"using Rent to Own as an Option"
Posted by: | CommentsAs we have hit hard times in the market, the time has come for homeowners that are looking to sell their property to think creatively. If their home is just sitting on the market, they should begin considering Rent to Own. A Rent to Own would immediately free them from their payments by having a qualified tenant buyer in the home that makes monthly payments, does repairs, and takes good care of their home as if it were their own, as at some point in the near future, it just may well be if they decide to exercise an option to purchase the home at a predetermined price and during a predetermined period of time.
Additionally, as homes for sale by owner (FSBO) are everywhere you look, few sellers realize the benefits of rent to own or lease purchase (perfect for FSBO sellers with a home that needs repairs, a home with zero, little or negative equity, or a house in a buyer’s market). If your home is available as a rent to own home, it will increase the demand, as there is no database that has all the rent to own homes listed. Nine times out of ten lease option homes will not be listed on the MLS.
Overall, the best thing to keep in mind is that the more options that you offer a prospective buyer, the better off you will be. If they begin as a tenant, and in 12-24 months, they become a buyer, all the while covering your mortgage and caring for your home, is that such a bad thing in today’s market? These are questions that you need to ask yourself if you want to move your home.
If you are going to venture into this with a real estate agent, tell them exactly what you want, and have them work for you. Have them list your home as a Sale or Lease Option (same as rent to own), and let them show you the paperwork and go over it in more detail with you. If you decide to venture it alone, discuss it with your attorney so they provide you with the proper paperwork needed to do this in your state.
Please take a solid look at Rent to Own and begin breathing easier!
Regards,
Rob
Quick House Sale
Mar
30
Sell and Rent Back Your Property - Ten Common Questions
Posted by: | CommentsThere is currently a great deal of interest from homeowners who want more information on Sell and Rent Back schemes, people want to know all about Sell and Rent Back, what it is, how it works and who it’s suitable for. At the independent comparison site http://www.comparepropertybuyers.co.uk/ we have drawn up answers to the following commonly asked questions.
1. What is Sell and Rent Back
Sell and Rent Back is a fast growing Industry where you sell your home to a Property Investor but instead of moving on you stay in your home as a tenant renting it back from the Investor who purchased it from you.
2. What is a Shared or Part ownership Sell and Rent Back Scheme?
One of the most advanced Sell and Rent Back schemes is known as a shared or part ownership scheme. With such schemes you sell some of your home to an investor whilst retaining a share yourself. This gives you the benefits of security of tenancy whilst keeping a financial interest in your home, if property prices go up your share goes up too.
3. What are the main Advantages of a Sell & Rent Back Schemes?
Sell and Rent Back can be a way of either raising capital or avoiding repossession and staying in your home. You may need 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.
4. What are the main Disadvantages of Sell and Rent Back schemes?
First and foremost is the fact that most Investors who offer sell and Rent Back will usually only offer you up to 80% of the value of your property. This is because most Investors take the prudent view that property prices will fall still further.
Some Sell and Rent Back Schemes do not guarantee you a long term rental period, always take legal advice before entering into a Sell and Rent Back agreement and if you want to rent back long term make sure you have a written contract guaranteeing your right to stay. You should also agree a fair market rent in writing.
5. What Legal Protection do I have?
You should always take professional legal and financial advice before entering into any Sell and Rent Back scheme. Always have a Solicitor to represent your interests and oversee all of the paperwork. If you want to guarantee your long term residency make sure you get an agreement in writing which is approved by your Solicitor.
6. How much does a Sell and Rent Back Scheme cost?
Sell and Rent Back schemes should not cost you any up front money whatsoever. A reputable investor will usually pay for the cost of a valuation and any legal fees. The investors will eventually make a return by either selling the property or by charging you what ought to be a fair market rent.
7. How quickly can I Sell my House and Rent it Back
Most Investors are cash buyers actively looking for property investments and Sell and Rent Back opportunities, they can often act very quickly and purchase within one month.
8. Will I need a Hip (Home Information Pack) to Sell and Rent Back?
If you sell your house to an Investor you will not need a Home Information Pack as it is classed as a private sale, this should save you several hundred pounds.
9. I am very close to being Repossessed can I still Sell & Rent back and stay at home?
You can sometimes avoid repossession if you reach an agreement to sell and rent back with an investor. Even if time is short an Investor will either pay cash and aim to complete within a week or so. Alternatively the Investor may apply to the court to stop your repossession order to give you time to complete your sail. An investor can usually only help in cases where there is a minimum of about twenty percent equity in the property. If you are facing repossession make sure you get independent legal advice before entering into any agreement.
10. Where is the best place to find a Sell and Rent Back Scheme?
There are many Investors advertising on the Internet via search engines such as Yahoo & Google or you could always go to the comparison site Compare Property Buyers for a quick no obligation quote.
http://www.comparepropertybuyers.co.uk/ is the only Independent Comparison site for Sell and Rent Back Schemes and offers general information on Sell and Rent Back schemes along with a Free, No Obligation, Comparison service.
Sell and Rent Back
Mar
13
There are many situations that determine homeowners to sell their property quickly. Whatever their reasons may be, most of these sellers often choose to rent back their house. In fact, sale and rent back has become quite popular in UK. We’ll look into the advantages of selling and renting back your property later on in this article. Before we do that, let’s make a quick review of the situations in which you would be most advised to opt for rapid house sale and rent back.
Probably the most frequent reason why people resort to rapid house sale is financial difficulty. Such a situation can be determined by many factors. Whatever these factors may be, many people are faced with the need to get a large amount of cash quickly, and in most cases, selling their house is their best option. It’s understandable why some people might dismiss this option. After all, selling the house that you have lived in for so many years and where you have made so many beautiful memories can’t be easy. What these people do not know is that they can sell and rent back their house, and even buy it back after a few years.
Another situation where your best choice is to sell and rent back your property is when you are faced with the imminence of repossession. If you have fallen behind on your mortgage or other debts, rapid house sale is the most convenient solution for you. Instead of losing your property to the lender, you can sell it and rent it back. This transaction will provide you with the cash you need to repay your secured loans or mortgage and allow you to make a fresh start, especially if you should benefit from a rent-free period, which can be agreed upon with the investor.
If all you money is tied up in your property, and you are facing financial problems as a result of this situation, you can always sell and rent back your property, which will allow the release of equity and enable you to overcome this rough patch.
Divorce or separation is another situation that determines people to go for sale and rent back. If you or your spouse wish to go on living in the same house, but you have to split everything, you can sell and rent back, allowing you to keep the house and pay your spouse half of the property value that he or she is legally entitled to.
If you are planning on moving abroad, you may be interested in rapid house sale and rent back. You will probably need a lot of cash to relocate, but you may also want to hold on to your property as a tenant, in which case your best option is to sell and rent back your property.
The advantages of the sell and rent back arrangements, which I think are already obvious, include the option of buying back your home in the future, realizing more equity in your home than through any other traditional method of equity release, the availability of this arrangement across all age groups, the opportunity to stop repossession proceedings, the opportunity to come across a large amount of money that you can spend as you see fit, and so on.
For more resources about Rapid house sale or even about sell and rent back, please review this web page http://www.igtsolutions.co.uk
Rent Back Fast
Mar
11
Who Can Buy My House and Rent it Back to Me?
Posted by: | CommentsWhat do I have to do to find someone that would buy my house fast? If you are asking yourself how to sell your house fast, there are some things you need to know. First of all, you have to realize that a typical sale process can take a lot of time. Moreover, complications can occur at any time, making the process even more time-consuming. Therefore, you have to think twice before setting the price for your property. You can’t expect your buyer to come up with the equivalent of the retail value and do so overnight. If I need someone to buy my house fast, I have to make certain compromises. I’m not talking about selling the property for half of what it is actually worth or anything of the kind. However, if I want to find an investor to buy my house within a short time frame, I can’t expect him to pay more than the market value of the property. Pricing your home right equals finding investors that are willing and able to buy it quickly.
How can I find someone to buy my house and then rent it back to me? Many homeowners ask themselves this question when they are faced with the urge to sell their property (for whatever reason) and do not want to relocate. The sell and rent back scheme emerges as a very good solution for those who tend to dismiss the option of selling their property because they don’t want to lose their home.
There are many circumstances that can lead to the unpleasant situation when the sale of your home is your only way of getting hold of the cash you need desperately. Be it equity release, stopping foreclosure, settling in a divorce, relocating, or whatever other reason, you find yourself in the position of having to sell house fast, and the options you have may not be satisfactory. Furthermore, letting go of your ‘home, sweet home’ can’t be easy. Many people grow attached to the place where they live together with their families. This is just one of the reasons why you should consider the sell and rent back scheme when you want to sell your home fast.
The sell and rent back option comes with other significant advantages, such as getting the cash fast, in a matter of weeks actually. If you choose the sell and rent back deal as a way of releasing equity, you’ll find that you can receive up to three times more than you would have got if you had opted for another equity release scheme. Besides, unlike the traditional methods, the sell and rent back deal comes with no age constraints.
Sell and rent back does not imply any expenses on your part. Selling directly to investors, without involving third parties in the process, and then renting the property back means that you do not have to pay legal fees, agency fees or hidden costs.
The fiscal benefits represent only some of the advantages of opting for the sell and rent back scheme. Apart from that, you can also enjoy the privacy of this deal, as you will continue to live in your home, which means that other family members or outsiders won’t know about it unless you tell them. Moreover, your financial struggles will end. The sell and rent back scheme enables you to break free from any financial pressure, such as repossession or repayments, whilst keeping the stability of your home.
For more resources about Buy my home and even about sell and rent back please check out this webpage http://www.fastpropertyhelp.com
Quick Property Sale
Mar
08
Rent-Back Sales: Another Option in a Difficult Market
Posted by: | CommentsTheres no doubt that times are tough, especially for those trying to sell their homes. Enticing advertisements like We Buy Ugly Houses can catch the eye of a homeowner eager to avoid foreclosure, leading them to participate in a quick sale and rent-back situation. Like any real estate transaction, there are both advantages and disadvantages to this scenario, and its important that homeowners understand all the ramifications before jumping into something that might not be as good as it seems.
WHAT IS A RENT-BACK SALE?
A rent-back sale general involves a quick sale of your home to an investment company that will then look for another buyer. While the company does this, you may be allowed to stay in your home but you will need to pay rent. The rent is usually at market rate for your area, but as your rental will most likely be short-term, you may pay several hundred dollars extra each month.
When you participate in a rent-back sale, its important to recognize that you may take a loss on the property. If you need to sell quickly, and would like the advantage of being able to stay in the home for a short while after the sale, a rent-back sale could be to your advantage despite the potential loss.
WHO IS IT FOR?
If foreclosure looms, a rent-back sale might seem like a good way to buy some extra time. Todays economy means that many people are being forced to make hard decisions, but if youve lost your job, outspent your income, or are planning a divorce, it might be to your benefit to take a potential loss on your property in order to sell quickly.
Some parents might find an advantage to being able to stay in their home and allowing their children to finish the school year before moving. Moving is a stressful time, and avoiding a mid-year switch for kids can be a real benefit.
If youre considering building a new home, a rent-back sale gives you the cash you need to start building right away, and the flexibility to stay in the home throughout construction, giving you a cushion during those inevitable construction delays.
You might also find a benefit to a rent-back sale if youre ready to start looking for a new home, and want to be sure you have the cash on hand when you find the right place, without waiting for your existing home to sell. If youre downsizing and dont expect to need as much money for your new place, a potential loss might be offset by the freedom to move quickly when you find your new dream home.
WHAT ARE THE DISADVANTAGES?
There are some important issues to be aware of when considering a rent-back sale. First and foremost, understand that you are selling your home to an investment company whose main priority is to find another buyer. When that new buyer comes along your rental period will most likely come to an abrupt end, leaving you little or no time to find a new place to live. Its important to determine what type of notification youre entitled to before a new owner takes possession.
In a rent-back sale, the house is often sold as-is, meaning the buyer agrees to take on any necessary repairs. However, what if something happens while you are in your rental period? Are you responsible for those repairs? Is the investment company responsible, or the new buyer? Be sure to address these issues up-front to avoid legal problems later on.
IS IT RIGHT FOR ME?
Only you can determine if a quick sale and rent-back is right for you. Take time to learn everything thats involved, and dont be afraid to ask questions. Even if youre feeling a bit desperate to sell your home, a regular sale may still be best for you. Its a big decision, so take your time and do it right.
Quick House Sale
Mar
05
Shops For Sale Rent And Lease In Jodhpur
Posted by: | CommentsBalaji Properties, As real estate agent, has a vast portfolio to offer Buy property Sell Property, For both office and homes, a large number of quality listings in the preferred areas of Pal road, jodhpur Kheteshwar nagar, vaishali township, anand vihar, roop rajat township, mahaveer vatika, shanti villa, Rameshwar nagar, bajrang vihar and more other prime location of jodhpur.
Company gives you detailed info on Jodhpur property market and list the leading real estate agents in Jodhpur for your reference.
Company deals with populer builders like Parsvnath, Ansal API, Vaishali Builders, Rooprajat Builders, Aayushi Builders many more are developing major residential and commercial property in Jodhpur. With the positive growth of the market, the property prices in Jodhpur are bound to rise further and thus fetch high capital returns for any property investment in Jodhpur. As the lifestyle of people is changing with increased per capital income across the nation, there is clear uplift of the upcoming Jodhpur commercial and residential properties.
Balaji properties involves in Real Estate Property Dealing for Buying Property, Selling Property, Investing in India, Rental Properties for Sale, Joint Ventures, Collaborations. Specialists in Expatriate housing. Commercial property - long term, short term, buys & sells. Homes, offices, shops, residential, Commercial, Land, Development projects, Retail shops in flourishing markets, Investments, Schools, Colleges, Plantations, Hotels, New homes. Fast find suitable property at right price. Buy home in Jodhpur. Sell property through us. Office Lease, Large spaces Commercial property rentals, Buy property, Representational Residences, houses. We help you to quickly locate good quality real estate - Residence, Home, Apartment or an office, Industrial land, Buy land around Jodhpur.
If you are thinking of investing in real estate sector than investment in jodhpur real estate is a excellent option.
Rent Back Fast
