If you need money in retirement beyond what you have saved then selling your home may be the only option left available to you in order to retain your financial independence. However, such a requirement does not necessarily require retirees to move from their existing residence. There are certain companies that provide an option for sellers to stay in their home after it is sold under a lease type arrangement. Sell and Stay is one of the best of these service providers, has provided such a service for many years to its customers, shielding their clients from needing to enter into an expensive reverse mortgage Australia.
As part of the Sell and Stay program, retirees are not required to pay any interest or fees, unlike those of which are contained in a reverse mortgage. The whole sale process is calculated on the true market value of the property, and the funds from the sale are paid directly to the retiree. Sell and Stay also offers an agreement period in which the seller is provided with ongoing installments over the life of the Sell and Stay agreement. Retired home owners can also opt to leave their property within the agreement period without compromising the ongoing payments they receive.
Sell and Stay helps retirees avoid the painful situation of selling their home and relocating elsewhere, and has marketed the concept in which retired home owners can easily overcome the stress and financial burden in their latter years.
The Sell and Stay program is very similar to placing your house on the market under a for sale by owner arrangement and then continuing live there as a tenant, however this can only be achieved if the seller agrees to such terms. One of the most important advantages of availing services from Sell and Stay is that you can arrange other accommodation during your agreement period and get flexibility and peace of mind beyond the Sell and Stay agreement period.
With the funds received from the program, retirees are able to enjoy holidays, pay off debts, and live a comfortable lifestyle. This can be all done whilst their housing security is guaranteed. Further to this, any pensions the retirees receive from the government will not be reduced as a result of the Sell and Stay program.
If you are also a retired home owner and looking for the best company which offer selling house privately, then Sell and Stay is the company you can rely on. With their services you can live with peace of mind of your housing being secure throughout retirement, without the headache of paying any interest rates or fees.
