Lose The Stress Of Debt With A Sale And Rent Back

In the fast-paced uncertainty of the modern world it's all too easy to fall behind with payments until one day you realize you have serious debt problems. Other than the blow to your self-esteem this causes, the stress that arises from being in debt can also have devastating effects on your physical and mental health. So if you're living from paycheck to paycheck and suffer the constant gnawing worry that your property will be repossessed, you really need to sort out your debt problems as quickly as possible. If you're a homeowner, a very attractive option known as sell and rent back is open to you. So if debt is making your life unbearable, consider the many advantages of this scheme.

How It Works

First you contact a reputable company specializing in sale and rent back schemes. After surveying your property, the company will make you an offer on your home. Then in addition to an immediate cash payment, they will issue a contract for you to stay on in your home as a tenant paying rent at the market rate. Very often, they will offer a rent holiday. You have a lot of say in the contract you agree to; you can specify for example whether you want a short-term rental or long-term arrangement. You can also request a buy back option which gives you the option to later buy back your house when your situation improves.

Why It's The Best Way

The major advantage of course is that you can clear all your debts and continue living in your home as before. You don't have to suffer any of the upheaval that accompanies moving house especially if the move is unwanted. What's more, you get a quick, guaranteed sale with none of the waiting around and having potential buyers traipsing through your home day after day. Plus, you don't have to pay and estate agent's commission on the sale.

There's also the matter of discretion and privacy. Reputable agents can arrange a sale that's private and confidential. There's no need to put up a 'for sale' board in front of your house or put an advert in the local press. So friends, neighbours and colleagues are none the wiser to your circumstances.

A number of other methods exist to release the equity tied up in your home. These include lifetime mortgages and home reversion plans. However the Which Consumer Group reported that these other schemes tended to be expensive, inflexible and risky.

Studies have shown that being in debt is major cause of stress with serious consequences for both your mind and body. So if debt is wreaking havoc in your life, look into the sale and rent back scheme. Be sure to choose a specialist firm with many years of experience in this field. Only a specialist firm can give you the efficiency and discretion you deserve.

Posted by Doug Packard on December 13, 2008 at 12:00 AM

About Doug Packard
Doug Packard is affliated with Fidelis Buyers Realty Group, which is located in Longwood, FL. For further assistance please use the contact information located on the right.

As of 05/22/12 the Doug Packard RePage is ranked at 2,337 with 450 points.

Local Information for Longwood, FL

Latitude: 28.702061 -- Longitude: -81.345098

ZIP Codes for Longwood, Florida	32750 32752 32779 32791
Area Code for Longwood, Florida	407
Time zone for Longwood, Florida	EST

Other Area Cities: Mount Dora, FL Longwood, FL Altamonte Springs, FL Azalea Park, FL Casselberry, FL Fern Park, FL Lake Mary, FL Lockhart, FL Orlando, FL Winter Springs, FL Winter Park, FL Maitland, FL Union Park, FL Oviedo, FL Wekiva Springs, FL Belle Isle, FL

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As of the census of 2000, there were 13,745 people, 5,025 households, and 3,678 families residing in the city. The population density was 997.6/km² (2,583.7/mi²). There were 5,189 housing units at an average density of 376.6/km² (975.4/mi²). The racial makeup of the city was 87.30% White, 3.60% African American, 0.26% Native American, 2.47% Asian, 0.04% Pacific Islander, 3.90% from other races, and 2.42% from two or more races. Hispanic or Latino of any race were 11.05% of the population. There were 5,025 households out of which 35.1% had children under the age of 18 living with them, 55.8% were married couples living together, 12.6% had a female householder with no husband present, and 26.8% were non-families. 19.5% of all households were made up of individuals and 8.2% had someone living alone who was 65 years of age or older. The average household size was 2.68 and the average family size was 3.09. -- Source: Wikipedia.com

Florida 2000 Census Population Profile Map

	Longwood	Florida	United States
Population	13,745	15,982,378	281,421,906
Median age	37.7	38.7	35.3
Median age for Male	36.3	37.3	34
Median age for Female	39.1	40.1	36.5
Households	5,025	6,337,929	105,480,101
Household population	13,486	15,593,433	273,643,273
Average household size	2.68	2.46	2.59
Families	3,680	4,210,760	71,787,347
Average family size	3.09	2.98	3.14
Housing units	5,189	7,302,947	115,904,641
Occupied units	5,025	6,337,929	105,480,101
Vacant units	164	965,018	10,424,540

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Lose The Stress Of Debt With A Sale And Rent Back

Local Information for Longwood, FL

Latitude: 28.702061 -- Longitude: -81.345098

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