Sell2Rent

Sell2Rent Review

Sell2Rent is a leaseback platform founded in 2018 and based in Miami, FL. Sell2Rent is available in 50 states (and Washington, DC).

Key Takeaways

• Nationwide availability: Sell2Rent operates across the US, making its services accessible to a wide range of homeowners.
• Financial flexibility: By selling and renting back their home, homeowners can free up their home equity without needing to relocate.
• Multiple offers: Sell2Rent connects homeowners with multiple investors, which can lead to competitive offers.
• No upfront costs: Homeowners can explore Sell2Rent platform without incurring any costs until the transaction is closed.
• Rental flexibility: Homeowners can negotiate leaseback terms, including the duration of the lease agreement, providing flexibility to meet their needs.

Sell2Rent Pros & Cons

Pros	Cons
Specializes in helping homeowners in distressed financial or life situations. Privacy is preserved during the selling process. No upfront costs. Does not promise specific sale prices or outcomes. Exclusive focus on Single-Family Homes and Townhouses. Available in all 50 states. Rental flexibility and customizable leaseback terms. Long-term leases available.	Does not buy properties for its own portfolio. Property must have lot size under 1 acre, built after 1950, valued below $750k. No guaranteed buy-back option.

Sell2Rent FAQ

How does Sell2Rent work?

Sell2Rent is not a traditional home equity investor. Instead it helps homeowners sell their homes and then rent them back. This provides an opportunity to free up home equity while still living in the home. The process involves connecting homeowners with a network of investors, which may lead to multiple offers.

Who should consider using Sell2Rent?

Homeowners who want to get as much equity out of their home without having to move and are comfortable with transitioning from homeownership to being a tenant should consider Sell2Rent. This option can be particularly useful for those facing difficult financial or life situations such as divorce, retirement, foreclosure, bankruptcy, job loss, medical situations, inheritance, and debt.

What is the cost of using Sell2Rent?

Each transaction is unique and varies based on several factors. Generally, you can expect to bear the following costs.

Sell2Rent Fees

Description
Processing Commission	Up to 6%

Real Estate Fees: Sell2Rent Corp. charges a processing fee of up to 6% of the sales price.

Rent and/or Security Deposit: Depending on the investor's requirements, this could range between 1 to 3 months of rent.

Note: There are no costs incurred until the transaction is closed.

What are the leaseback terms with Sell2Rent?

The leaseback terms with Sell2Rent are flexible and are negotiated upfront by the homeowners themselves. The homeowners have the ultimate decision on the duration of the lease agreement and other lease terms.

How long can you stay in your home once you sell it?

It depends on the terms you agree with the investors. The minimum lease is typically 12 months, but you can negotiate longer terms.

What are the benefits of using Sell2Rent over traditional selling methods?

Opting for Sell2Rent over traditional selling methods offers a range of advantages tailored to the seller's needs. With Sell2Rent, homeowners have the option to stay in their property even after selling. This unique approach provides a more discreet selling experience, eliminating the need for open houses or advertising signs. Sell2Rent prioritizes privacy by minimizing property inspections, ensuring convenience and peace of mind throughout the process. By choosing Sell2Rent, homeowners can also alleviate the burden of ongoing homeownership costs like maintenance, property taxes, and the additional expenses associated with moving and realtor fees, which are typically incurred when pursuing a traditional sale and move. This innovative solution empowers sellers to achieve a seamless transition while retaining the comfort and familiarity of their property.

How long does it take to get an offer and close a deal with Sell2Rent?

Once Sell2Rent receives the necessary information from the homeowner, Sell2Rent assesses the market value of the property and provides an estimated offer. This initial stage may take up to 15 days.

Once homeowners agree to the terms, Sell2Rent leverages its network of qualified investors to obtain final offers. This stage will typically be completed within 45 days. The timeline may vary based on factors such as property condition, homeowner responsiveness, and specific investor requirements.

What types of property does Sell2Rent consider?

Sell2Rent will consider owner-occupied residential homes (single family houses and townhouses).

After closing, who pays the property taxes, HOA fees, maintenance and insurance?

The landlord will become responsible for these expenses.

Is Sell2Rent Corp. a legit company?

Sell2Rent was founded in 2018. It is an established company that has been in business for 5 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.