The Leaseback Library.
All the information you need before getting a leaseback.
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Frequent Asked Questions About Leasebacks
Here are some common questions about leasebacks and their answers to help you understand.
Can the new owner kick you out?
Absolutely not. Not only will you decide who to sell your house to, but you also choose how long you want to stay and how much you want to pay.
How fast will you receive the money?
Most deals take between 2–6 weeks to close. This timeframe allows for necessary paperwork and processing. You can expect to receive your funds shortly after closing.
What happens with pets?
They stay with you. Your sale and stay agreement ensures that your pets are included in the move. You won’t have to worry about leaving them behind.
Will your credit score be affected?
No, it won’t. In fact, it may improve. With the cash from the sale, you can pay off debts and enhance your credit score.
Will your neighbors know?
With some companies, you will have total privacy. Others may use an inspector, but unless you choose to share your story, no one will know. There are no signs, visits, or open houses.
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