The Right Time To Sell (and rent back)

For those who follow the property market, particularly in the United Kingdom, I don’t need to tell you about the substantial and somewhat significant growth that has occurred in house prices over the past 5 - 10 years. However, we now fear it has come to an end. House prices have stopped growing at the rate they have been doing previously and in some areas, have actually started to decline, and sharply. Part of the reason for this is the overall state of the economy and credit available to individuals in the UK. As a direct result of this, many people are looking to sell their home but lack of available credit to potential buyers is creating a nationwide catch 22 situation. Individuals are looking to sell and move into smaller properties to save on their outgoings but cannot sell due to difficulties in buyers being accepted for mortgages by the banks.

It is because of this that many individuals are turning to companies offering a sell and rent back service. These companies will make a significant cash offer on the property with no forward or backward chain thus enabling the property owner to sell their property extremely quickly. Which is a big draw for many with the current financial climate. Most companies who offer a quick / fast cash home sale service also offer the option for the previous owner to rent back their property from them, at the market rate. This is proving extremely popular with many as they can release some much needed, significant funding due to the recent housing boom and in turn, don’t have to move house.

Most sell and rent back deals can be wrapped up within a matter of weeks which is the main reason for their popularity, especially for home owners who seek a quick, lump sum cash payment.