Rent Back Deals Allison Park PA

There are many situations in life that crop up where being able to sell your home and rent it back with the option of buying back can come in very handy.

Local Companies

Bennu Property Management and Consulting
412-371-6510
P.O. Box 1357
Pittsburgh, PA
Century 21 Town and Country Real Estate Services
724-779-2101
7021 Crider Road
Mars, PA
Darlene Restich @ Coldwell Banker Real Estate Inc.
412 264-8300
6305 University Boulevard
Moon Township, PA
Re/Max Renaissance Realty West
412-269-1861 Ext. 232
962 Beaver Grade Road
Moon Township, PA
Prudential Preferred Realty
412-496-8811
3911 William Penn Highway
Monroeville, PA
Land Home Financial Services Inc
(412) 487-0991
4068 Mount Royal Blvd
Allison Park, PA
Llewellyn Manufactured Home Community
(717) 292-4263
4550 Bull Rd
Dover, PA
G Sp Management Collections
(717) 755-4744
332 Gosling Dr
York, PA
Greylag Corporation
(717) 944-3944
RR 230
Middletown, PA
Bell Ken Trucking Inc
(814) 782-6319
Buckhorn Rd
Knox, PA

There are many situations in life that crop up where being able to sell your home and rent it back with the option of buying back can come in very handy. Any situation where you are struggling financially selling and renting back could be a win win solution to your problems.

One of the most widely used reasons that homeowners choose to sell their home and then rent it back is when they are having difficulties paying their mortgage. Mortgage problems can arise as the result of growing interest rates or when you have come off a fixed rate of interest and now gone on to the variable rate which happens to be sky high. Whatever the reason behind mortgage arrears a sell and rent back can be useful. You would be able to sell for a cash sum, pay off your current mortgage lender and then pay affordable monthly rent. If your circumstances allow it in the future you could then opt to buy back the property for the price which was fixed when you sold your home.

Another way in which a sell and rent back could be used is when going through a divorce. Divorce is stressful enough for both parties without having to worry and take the time to advertise what was once the family home for sale. Along with the time factor that getting a sale this way attracts there are also fees that have to be paid to the estate agent and the solicitor. If you choose to make a quick sale with a rent back option this would allow one of the partners and children to remain in the home and not have the worry about finding somewhere to rent and have the hassle of switching schools. Children would also remain in the environment they are used too and so eases the pain of the break up of their family. The partner could also choose to use the buy back option when they had settled down.

A sell to rent back deal could also be taken if you are emigrating and want the security of knowing that the home has been sold, but you are not sure when you would be leaving. You would be able to rent back until the day came to leave and then leave with all the loose ends tied up and of course cash in the bank from the sale of the home.

Equity release is also a great option to look into when you want a large sum of cash in a hurry. You get a cash sum payment in just a few weeks and then are able to pay rent and eventually buy back the home in the future. Selling this way is often the solution if you need a large amount of cash and you have a poor credit rating. You would know within 24 hours if this was a viable option and have the sale completed within a couple of weeks.

Featured Local Company

Bennu Property Management and Consulting

We can customize a package to meet your specific needs.

412-371-6510
P.O. Box 1357
Pittsburgh, PA
www.bennumanagement.com

We specialize in single-family and small multi-unit residential property management. With busy family lives and heavy work schedules, there simply is not enough time left to receive phone calls, track unpaid rent, coordinate repairs, research advertising, show properties… And the list goes on!
We also understand that every owner has different levels of comfort when it comes to your investment.


Related Local Event
Notice of Judicial Sale -Real Estate Tax Sales
Dates: 10/30/2009 - 10/30/2009
Location: Greene County Fairgrounds,4H Building
Waynesburg, PA
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