Real Estate

Is Sell and Rent Back a Viable Solution?

The advantages of selling and renting back are clear – you get to stay in your own home; furthermore you usually get to keep your existing furniture and fittings. Your weekly or monthly rent is assessed fairly and based on other comparable rentals in your neighbourhood. You don’t have to deal with an estate agent or have to worry about your buyer changing their mind – and the sale goes through a lot faster. You also usually have the option of buying your home back again for yourself at a later date, once your financial situation has improved. Buying back your own property is usually at a fair market price for the type of home and area.

Some people who safely Sell and Rent-Back simply prefer the benefits of renting rather than owning – and without actually having to move. The burden of a monthly mortgage payment is taken away and if you rent, you are not responsible for any repairs to the property these concerns are then the owner’s. Selling your home this way also allows you to access the equity in your home without actually taking out a second mortgage. It also appeals to those who want to avoid expensive Equity Release schemes. These are generally aimed at older people and can be difficult to accurately evaluate the cost

New stainless look appliances in the kitchen are just slightly more pricey than white or black appliances but are worth the investment. This look will show potential buyers that your kitchen is newly updated. The bathrooms may need new toilets and cabinets. It is many times easier to replace old appliances and fixtures in the bathroom rather than try to restore them. Toilets run as little as $70 at Home Depot or other building stores. Cabinets and sinks are reasonable too. Lighting fixtures will also have to be updated. No one wants to see those lights from 1975. Ceiling fans with lights in a brushed silver look are the order of the day. They are not all that expensive and will really give a positive look to a bedroom or living area. If the house is not in perfect shape, the buyer may just move on. They are well aware that there are deals everywhere and it is a BUYERS MARKET. If you do not want to do all the previous ideas, consider letting a management company take care of the house and leasing for you. Some companies have waiting lists of potential good renters waiting to lease a good house. Renting a house can be very time consuming and frustrating. Your renters beat up your house and then blame you when something leaks, does not flush or breaks. Your cash flow, after the mortgage payment and taxes, is probably just one or two hundred dollars. Is it really worth the headache month after month to take on the responsibility of being handyman, accountant, financier and collector? Sometimes it is just better to move on. In the market today, home prices are either on their way down or at least stagnant. To have a retail salable house means you have had to make the house almost pristine with updates like new flooring, appliances, landscaping and even wall plugs and plates.

Perhaps a homeowner’s worst nightmare is the prospect of repossession. This often happens when a homeowner simply can not afford to pay their mortgage. Repossession not only affects a person financially – it can be an emotionally devastating experience too. One effective solution to the prospect of repossession is to do what an increasing number of people are doing – sell your house and immediately rent it back in Thailand. For immediately selling and renting you can visit at (https://www.huahin-property-shop.com). This is basically exactly what it sounds like – a company buys your property from you and you then immediately rent it from them. Homeowners have several reasons for doing this. Many people who sell and then rent back their home simply have no choice – they are faced with repossession, have too much debt or are in arrears with their mortgage. Around 60% of people in the UK who are considered to be living in poverty actually own their own home. Some people sell their home this way due to ill health or the need to relocate quickly for personal or work reasons. People who emigrate also find that the Safe Sell and Rent-Back option can be an effective solution. Couples who are going through a divorce can benefit from this strategy, as it allows one of the parties to remain in the home.

In the market today, in order to sell property retail, the house will may need a full makeover. It starts outside with the landscaping. Curb appeal is essential to selling your house. If there is no appeal, the potential buyer may drive on without looking inside. Consider trimming bushes and trees. Cut, weed eat and edge the lawn. Fill in open or bare spots with new sod. You can also buy some inexpensive mulch to place around the bushes areas and tree base. A few planted flowers at the entry to the house will add color and can be very inexpensive. Inside will need updated paint colors and current wall textures. Walk some of the new housing subdivision model houses. That should give you a good idea as to current looks. Do not be afraid to take a few pictures to help you remember the ideas. Flooring should include a balance of new carpet, wood and ceramic tile. New homes have a little of each these days. Do not just lay carpet everywhere.

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