How much would I get if i sell to rent back?
Asked on Jan 25 2010,
Selling in Newry |
The companies who buy to rent back are typically in the business for one reason and this is to make money. So whatever your property is worth (realistic open market value) you are likely to be offered no more than 90% of this figure and more like 80% to 85%. Some of these companies may work differently to this or claim to, but you just have to ask yourself for what reason would someone buy your house for what it is worth to take a rent from you which is probably less than what the interest would have been by leaving their money on the bank.
Answered on Jan 25 2010,
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