An antidote to the credit crunch, selling your home and renting it back is becoming increasingly popular with homeowners unable to meet the rising cost of their mortgage repayments and other monetary demands.
Under a sale and leaseback agreement, you sell your home to a company such as 999 Homebuyers. Once the sale is complete you lease back your home at a preferential rate, meaning no one ever need know about your financial struggles. Under the agreement, 999 Homebuyers also offer tenants the option to buy back their home within a set period of time at the market rate.
Lisa Fox, 999 Homebuyers spokeswoman said, “Selling and renting back a property is on the up with thousands of homeowners electing to do just that in 2007. The service offers a quick and hassle free sale so is most popular with those who need easy access to the cash tied up in their home or those facing monetary problems and unable to raise finances any other way.”
With a sale and rent back deal, 999 Homebuyers take all of the stress out a house sale, arranging everything from independent surveys to tenancy agreements at no cost. A typical sale takes around 3-4 weeks to complete. The rental agreement sets a fair monthly rental often at a price lower than the going market rate complete with a friendly, professional landlord service.
To find out more about 999 Homebuyers and their sale and rent back service as well as advice on repossession and property investment, log on to www.999Homebuyers.com
