Avoid the dangers of selling and returning the rent

Regardless of the reasons you may have for entering into a sale and rent return transaction, you should be aware of the main issues that can be incorporated into the terms and conditions of the sales contract.

You should be aware of the fine print of the terms and conditions; otherwise these unknown factors could lead to more problems than the solutions you expected.

Before deciding on the transaction, the first thing you should do is talk with your family to consider all the factors involved, such as school, family ties, and medical facilities. After determining the factors why a rent sale and return is the best option for you, the next thing you should do is seek the advice of an attorney. Due diligence ensures that you are making the right decision and that no path is left unexplored. The best way to ensure this is to seek the advice of a competent lawyer.

Before making a decision about which company to sell your property to, call at least three buyers so you can compare their prices and proposals. There are companies that offer to buy at 100% of the market value of the property but only give you a percentage now and the rest in 10 years while there are others that offer 80% to 90% of the market value and give you the profit . immediately. With respect to the Sell and Rent Back scheme’s rent back option, always negotiate for the lowest possible rent. Another question to ask yourself is if they offer a buyback option and if it is transferable and if there are any discounts available on the buyback before it expires.

All of these questions are for your benefit and if you don’t ask them, unscrupulous property buyers will take advantage of your situation.

You should always be on the lookout for unscrupulous and/or deceitful businessmen who take advantage of the uninformed. Sell ​​and Rent your house SAFELY. Avoid losing your home AFTER you sell it and rent it back. Avoid the dangers before making a decision!