If you’re currently going through a divorce, a sell and rent back scheme could solve your property problems
The family property is one of the biggest assets that a couple owns. It's not surprising, then, that it is often the focus of the most acrimony or bitterness when it comes to settling a number of issues, including finances and children. If you're finding it difficult to find a solution, consider selling your home and renting it back.
How can sell and rent back schemes work for me?
As part of a divorcing couple, you're in an ideal position to take advantage of a sell-and-rent-back scheme. It could solve several of your problems in one go, including:
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Speed of settlement – if you've decided to sell the family home, you will probably think about putting it on the market through a firm of estate agents. This will help you to get the best possible price, which is important when you're sorting out shared finances. On the other hand, however, it can take months to sell a property and, until it's sold, you can't settle your divorce and move on with your life. Selling through Discount Property Auction gives you a very quick sale so that you can settle your finances and make a fresh start.
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Financial problems – many of our registered buyers can pay cash, which means you don't have to wait for mortgage approvals to come through. You can just split the cash on completion, giving you and your partner a lump sum to invest however you choose.
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Family issues – it's very important to divorcing couples that any children involved are as protected as possible. In many cases, this leads to the partner who is the main carer wishing to stay in the family home, to avoid disruption to their children. It is a sensible solution to a common problem – children are usually adversely affected by divorce; even more so when proceedings are difficult and parents are fighting. If you sell to a property investor, you can arrange for the children and one parent to remain in the property as tenants. This way, there's no need to change anything for your children, but you both get the benefits of the sale.
If you're currently trying to settle the property aspect of your divorce settlement, give us a call to see how we can help you sell, rent back and get your life back on track.
If you need help to get a faster sale for your property without moving, contact us at Discount Property Auction. We're committed to helping you, whatever your circumstances. If you want to sell your home, you can use our dedicated online auction facility, which allows you to upload your property yourself and put it in front of genuine, interested buyers. Call us now on 0800 1313 999 or email admin@discountpropertyauction.co.uk to arrange a valuation today.