Selling a home and moving can often mean children moving schools – but not if you choose to sell and rent back.
Its many parents' nightmare: being forced to sell their home and move out of a precious catchment area – forcing their children to move school. But parents who choose to sell and rent back their home get the same benefits of selling without the school worries.
There are many reasons why parents need to sell their homes. Often it's the solution to debt problems or money worries; sometimes it's to cash in a profit while house prices are high; sometimes, unfortunately, it's because of separation, and sometimes it's just because renting seems a more attractive option (as it is to many people who choose to sell and rent back).
Children get stability when parents sell and rent back
But when it means the children have to change schools, selling your family's home doesn't seem such an attractive proposition – even if it's still necessary. Children can be adversely affected by upheavals, and it can affect them emotionally and academically. They lose friends; routines are broken, and in many cases the school they move to isn't as good as the one they were at before.
Parents who choose to sell and rent back avoid the problems of moving out of a catchment area. They get the money from the – usually quick – house sale, but stay living in the same home, in the same catchment area, and avoid disrupting their children's stability.
Sell and rent back to avoid catchment area Catch-22
Many people are able to sell their homes for more money if they live in a sought-after catchment area – but there's a catch.
The Royal Institute of Chartered Surveyors (RICS) says that houses in good school catchment areas sell for 8% more than similar houses in other catchment areas. But that figure is falling because high house prices mean most people can't afford to overpay by as much as they used to.
In addition, RICS says buyers without school-age children are often likely to want to pay less for houses near schools – no matter how good the school is – because of fears of "school run" traffic and loitering children.
Buy time for the next step when you sell and rent back
This Catch-22 situation means valuations in good catchment areas are high, but sales can be slow because vendors are selling to a niche market – in this case parents. By choosing to sell and rent back, vendors can benefit from high valuations, even if the terms of the sell-and-rent-back deal mean selling below market value, but still get a quick house sale – and still have a home to live in while they consider a next step.
This makes the sell-and-rent-back option even more attractive for many parents with children approaching school-leaver age. They can get a guaranteed quick sale when the catchment area issue doesn't matter to them, and take the time to choose their next property step – whether it involves moving, buying again, or staying where they are – at their own leisure.
Sell and rent back with sellandrentbackltd.co.uk
If you're caught in a financial house-trap, sellandrentbackltd.co.uk can throw you a life-line. Sellandrentbackltd.co.uk offers a sell and rent back scheme for those who like living where they are and want to maintain stability but are facing mortgage arrears, repossession, bankruptcy and debt or concerned financial meltdown is looming. The sell and rent back scheme is an alternative to selling up and moving, allowing you to stay put and find financial solutions. Sellandrentbackltd.co.uk will buy your home and allow you to continue living in it as a tenant. Find out more, call Sell and Rent Back Ltd. today on: 08000 255 870