What does sell and rent back mean?
If you’re thinking about selling your home, you may have heard of the option to “sell and rent back”. But what does this mean, exactly?
Essentially, when you sell and rent back your home, you are agreeing to sell your property to a third party (usually a company that specializes in this type of transaction) and then rent it back from them. This option can be a good choice for people who need to sell their homes quickly but don’t want to move out right away.
There are a few things to keep in mind if you’re considering this option. First, you will need to find a reputable company to work with. There are a few scams out there, so it’s important to do your research before entering into any agreement.
Second, you will likely need to sign a contract that specifies the terms of the sale and rent back agreement.
Be sure to read the contract carefully and understand all of the terms before signing.