Last Updated: 04/18/2025
Stay Frank Home Sale-Leaseback
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in Sale-Leaseback Agreements from Stay Frank
Last Updated: 04/18/2025
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Stay Frank Home Sale-Leaseback Review
Stay Frank Home Sale-Leaseback is a leaseback platform founded in 2018 and based in Miami, FL. Stay Frank Home Sale-Leaseback is available in 50 states (and Washington, DC).
Key Takeaways
- Nationwide availability: Stay Frank Home Sale-Leaseback operates across the US, making its services accessible to a wide range of homeowners.
- Rental flexibility: Homeowners can negotiate leaseback terms, including the duration of the lease agreement, providing flexibility to meet their needs.
- Financial flexibility: By selling and renting back their home, homeowners can free up their home equity without needing to relocate.
- Multiple offers: Stay Frank Home Sale-Leaseback connects homeowners with multiple investors, which can lead to competitive offers.
- No upfront costs: Homeowners can explore Stay Frank Home Sale-Leaseback 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.
Stay Frank Home Sale-Leaseback Pros & Cons
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Stay Frank Home Sale-Leaseback FAQ
How does Stay Frank Home Sale-Leaseback work?
Stay Frank Home Sale-Leaseback 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 Stay Frank Home Sale-Leaseback?
Homeowners who want to get equity out of their home without having to move and are comfortable transitioning from homeownership to being a tenant should consider Stay Frank Home Sale-Leaseback. This option can be particularly useful for those looking for the flexibility to move at a later date, or fund their next dream. Those facing lifecycle events such as divorce, retirement, or inheritance could also benefit.
What is the cost of using Stay Frank Home Sale-Leaseback?
Each transaction is unique and varies based on several factors, such as typical closing costs in your market. Generally, you can expect to bear the following costs.
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 Stay Frank Home Sale-Leaseback?
The leaseback terms with Stay Frank Home Sale-Leaseback 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 Stay Frank Home Sale-Leaseback over traditional selling methods?
Opting for Stay Frank Home Sale-Leaseback over traditional selling methods offers a range of advantages tailored to the seller's needs. With Stay Frank Home Sale-Leaseback, 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. Stay Frank Home Sale-Leaseback prioritizes privacy by minimizing property inspections, ensuring convenience and peace of mind throughout the process.
By choosing Stay Frank Home Sale-Leaseback, 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 Stay Frank Home Sale-Leaseback?
Once Stay Frank Home Sale-Leaseback receives the necessary information from the homeowner, Stay Frank Home Sale-Leaseback 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, Stay Frank Home Sale-Leaseback leverages its network of qualified investors to obtain final offers.
Stay Frank Home Sale-Leaseback does not disclose how long it typically takes to process the sale and lease of a home.
The timeline may vary based on factors such as property condition, homeowner responsiveness, and specific investor requirements. What types of property does Stay Frank Home Sale-Leaseback consider?
Stay Frank Home Sale-Leaseback 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 Stay Frank a legit company?
Stay Frank was founded in 2022. It is an established company that has been in business for 4 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 6:00PM
Tuesday
8:00AM - 6:00PM
Wednesday
8:00AM - 6:00PM
Thursday
8:00AM - 6:00PM
Friday
8:00AM - 6:00PM
Saturday
10:00AM - 4:00PM