TNEI

HOW MUCH MONEY CAN I EXPECT FROM A SELL AND RENT BACK CONTRACT?

If you have decided to sell and rent back your home so as to get off some debt, you should expect to get some good money out of the deal. Good Money in this context means about 70% of the market value of your home. If your home is no presentable or does not look all that good, it will fetch a lower price. You should make an effort to give your home a facelift before selling it; as by doing so, it may fetch a higher price. You will have signed over the ownership of the home to the buyer who will then rent it back to you. The agreement has a clause that allows you to buy back the home after renting it for sometime.