Truehold Sale-Leaseback Agreements

Truehold Sale-Leaseback Agreements Review

Truehold Sale-Leaseback Agreements is a leaseback platform founded in 2018 and based in Miami, FL. Truehold Sale-Leaseback Agreements is available in 50 states (and Washington, DC).

Key Takeaways

• Available in most states. Truehold Sale-Leaseback Agreements is available in 50 states.
• Financial flexibility: By selling and renting back their home, homeowners can free up their home equity without needing to relocate.
• No upfront costs: Homeowners can explore Truehold Sale-Leaseback Agreements platform without incurring any costs until the transaction is closed.

Truehold Sale-Leaseback Agreements Pros & Cons

Pros	Cons
Available in all 50 states. Long-term leases available. Home concierge. Professional property management.	Lack of rental flexibility and customizable leaseback terms. No guaranteed buy-back option.

Truehold Sale-Leaseback Agreements FAQ

How does Truehold Sale-Leaseback Agreements work?

Truehold Sale-Leaseback Agreements is not your traditional home equity investor. Instead it buys your property and then leases it back to you. You receive a lump sum of cash from the sale, while remaining in your home as a tenant.

Who should consider using Truehold Sale-Leaseback Agreements?

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 Truehold Sale-Leaseback Agreements. 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 Truehold Sale-Leaseback Agreements?

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

Truehold Sale-Leaseback Agreements Fees

Description
Processing Commission	Up to 6%

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

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

What are the leaseback terms with Truehold Sale-Leaseback Agreements?

The leaseback terms with Truehold Sale-Leaseback Agreements 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?

Truehold Sale-Leaseback Agreements offers longer-term leases to tenants. Some use leasebacks as a temporary solution while planning their next move while others view it as a long-term solution.

What are the benefits of using Truehold Sale-Leaseback Agreements over traditional selling methods?

Opting for Truehold Sale-Leaseback Agreements over traditional selling methods offers a range of advantages tailored to the seller's needs. With Truehold Sale-Leaseback Agreements, 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. Truehold Sale-Leaseback Agreements prioritizes privacy by minimizing property inspections, ensuring convenience and peace of mind throughout the process. By choosing Truehold Sale-Leaseback Agreements, 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 with Truehold Sale-Leaseback Agreements?

Once the evaluation process is complete you will receive an offer. This usually takes up to 5 days to process once all information has been received.

How long does it take to close a deal with Truehold Sale-Leaseback Agreements?

Truehold Sale-Leaseback Agreements does not disclose how long it typically takes to process the sale and lease of a home.

What types of property does Truehold Sale-Leaseback Agreements consider?

Truehold Sale-Leaseback Agreements 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 Truehold a legit company?

Truehold Sale-Leaseback Agreements is an early stage company that launched 2 years ago.

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