A sell and rent back scheme involves a quick house sale to a property cash buyer at about 75% of market value. Selling property can be difficult in a falling market. The majority of homeowners choose sell and rent back because they are desperate to move house or wish to stop repossession in it's tracks.
It can take many months for a private house sale to go through; sell and rent back offers a vastly quicker alternative. Selling a house to a property cash buyer means that the entire house selling process can be completed in just days. Sell and rent back normally covers legal fees and the availability of a property cash buyer means that there is no 1-2% estate agent fee.
Sell and Rent Back Doesn't Offer Full Market Value
The primary motivation of sell and rent back is to allow the property cash buyer to make a profit, not to help the seller or stop repossession. Whilst money is saved on estate agent fees and legal costs, sell and rent back typically involves a cash offer of only 75% of fair market value. Although it takes longer and will incur additional fees, a private house sale will realise greater returns.
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