A quick house sale without moving home refers to the practise of "sell
and rent back". Not heard of it? Here's a quick assessment.
You can't find a sell and rent back arrangement through an estate
agent - but have to find a professional cash property buyer like Sell
Your House Quick Help. The kind of buyers you'll find through an estate
agent want to buy a home with vacant possession. They're looking
for a new home. You want to keep yours.
Chances are if you need a quick house sale the cash from your
property is needed to fix some temporary difficulty. Or, you want to
free yourself from the stresses of homeownership - at least for a while.
A quick house sale without
moving home is not for everyone.
Many homeowners needing a quick property sale do want to move
home. But what happens if it would actually suit you better to get a
quick house sale without moving home? That's where a sell and rent back
arrangement comes in.
Basically a quick house sale without moving home involves selling
your property then renting it back on pre-agreed terms. Prior to the
sale you will be asked by the property buyer:
- whether your plans to rent are short or long term or whether you're
- what level of rent you'd find affordable
- whether you have any special requirements such as plans to buy your
The vast majority of professional cash buyers offer to rent back your
home to you on "competitive" terms - this is often a euphemism for
market level rates. As a general rule we don't - but we do need to cover
Pros and cons of a quick
house sale without moving home
There are pros and cons of getting a quick house sale without moving
The are probably two main negatives. You lose ownership of your
property and and have no share of the future capital growth. The
second is that you become a tenant - with all that this implies. There
are good landlords and bad landlords. Dealing with a professional cash
property buyer is probably a safer option than your average
investor-landlord many of whom focus on buying properties and want
to keep their costs as low as possible.
The merits of a quick house sale without moving home? You'll get to
sort your difficulties out and remain in your home. You'll avoid
the upheaval of a move and the stressful search for a new home. Perhaps
you'd never have sold were it not for your current difficulties. Anyone
who feels like they've got their home just the way they like it, perhaps
after spending thousands of pounds and years of effort, is likely to
feel like this.
Right now, with interest rates rising, its easier to see the benefit
of selling and paying rent. Unlike mortgage payments rents do not change
when interest rates rise. Rent can be more manageable.
Finally, all rental agreements carry some uncertainty. What happens
when the initial agreement expires? This is a very valid concern. If you
intend to remain in your home for two years or more, pick your cash
What does this mean exactly if you're looking for a quick
house sale without moving home? Get all the written assurances you feel
you need and let you lawyer see them. Also speak to existing tenants of
your cash buyer. Chances are if they're happy, you will be too.