Despite falling property prices, research shows that homes are harder to sell. The result? More people desperate to sell could opt for a fast house sale and rent back scheme.
If you're one of the many homebuyers struggling to sell their property, falling deeper into debt, a fast house sale could release the much needed equity you need offering you a rent back option. The rent back option is particularly appealing to those who need to stay in their homes because their children are at local schools, because of convenience to work or because of emotional well being. If you've built up a strong sense of community and have neighbours or family near by, moving to a new area can be daunting, but with the rent back schemes you don't have to go through such turmoil.
Rent back, stay put
House prices have continued to fall for the third month according to a survey by Hometrack, and it now takes on average eight weeks to sell a house. If you're property is stuck on the market for months, and you're selling because you're concerned about repossession, a rent back scheme is one way to get out of a sticky situation fast. Trying to get a good price on the open market is harder than ever before as in some areas agents have reported a 30% fall in house prices. A rent back scheme therefore is a viable option if you can't afford to sell on the open market. It's also an alternative to the option of looking for another property to buy during a time of economic turmoil and uncertainty.
Rent back – Take the pressure off
A rent back schemes means you can take the pressure off financially. As the number of repossessions is expected to double in 2008, a rent back scheme could in fact secure your future, allow you to address your debts and get on financially firm ground so you're prepared to face the worst. Sales volumes are down by 18%, and the number of first time buyers has dropped to the lowest levels since 1980. A sell house, rent back scheme means you're not relying on the open market to release the funds you desperately need. The rent back scheme is attractive when you look at the high cost of buying another home, even if it is a cheaper one, the high transaction costs, weak outlook for property prices and on-going doubts of buyers during economic instability means there will be a major shortage in housing stock on the market – a rent back scheme could therefore be your best option in the short term.
Rent Back with rentbackltd.co.uk
If you're caught in a financial house-trap, rentbackltd.co.uk can throw you a life-line. Rentbackltd.co.uk offers a sell and rent back scheme for those who like living where they are and want to maintain stability but are facing mortgage arrears, repossession, bankruptcy and debt or concerned financial meltdown is looming. The rent and sale scheme is an alternative to selling up and moving, allowing you to stay put and find financial solutions. Rentbackltd.co.uk will buy your home and allow you to continue living in it as a tenant. Find out more, call Rent Back Ltd. today on: 08000 255 027