after a long time of picking up no press coverage companies that offer sell and rent back schemes are now under the spotlight. Lately there has been lots of activity in the media focusing on landlords who offer to buy house's and rent them back to the owners.|}
Sell and rent back schemes do offer an important service to those people who want to release equity, escape repossession, or sell quickly to emigrate or move. Consumer groups are however concerned that bad sell and rent back operators wish to get the tenants out as fast as possible to sell the property to make quick profits.. Most Sell and rent back companies take a long term view and do not intend to sell. For these operators having a tenant who treat the house like they did when they owned who intends to stay for a long time sell and rent back tenants are ideal as they mean few rental voids and maintenance issues. These landlords see their properties as an asset that will go up in value over the long term and as such are happy to commit to tenants who wish to stay.
Homeowners who are thinking of entering a sale and rent back scheme should be aware of the pitfalls and talk in detail with the person who is buying their property. Homeowners should ask for references from previous clients who have sold and rented back their homes.
One company with good ethical standards and solid references is RentBack Direct.Contact them regarding sell and rent back and you will not be dissapointed.
