After retirement, people often feel relieved as they rely on pension to meet their financial requirements. But sometimes certain unexpected expenses cannot be fulfilled through pensions and it becomes difficult for old aged people to meet their medical and lifestyle expenses. To help you out in such issues, Sell and Stay acts as a savior. This concept helps the elderly people to overcome financial pain and make their home a secondary source of income. The company buys the home of retired citizens at suitable market prices and let them live in their homes in accordance with a scheme known as sale house and rent back scheme, according to which, retired home owners are allowed to live in their home by paying some amount of rent for a fixed period of time.
If any retired person has a home for sale by owner, then he/she can use the beneficial scheme offered by Sell and Stay to get rid of the financial pain of leaving their home and moving elsewhere in order to earn up their living after retirement. Initially, sale and rental value of your place is determined with the aid of a professional real estate agent and based upon those valuations, the property is purchased under the process of Sell and Stay. They provide security to the seller through a long term agreement which is created to ensure peace and satisfaction in the mind of seller.
To avail this advantageous scheme of the company, one must satisfy certain eligibility criteria such as:-
Must be a retiree.
Age should be at least 70 years.
Should own a home.
Is interested to stay stably in the same place.
Is capable of selling the home legally.
There is an option of reverse mortgage for seniors who own a home are in need of alternative source of income. But, this option is quite unsuitable for long term as the interest component incorporated with these reverse mortgages erodes and compounds the value of the home. Sell and Stay do not include any kind of interest component and thus it can be counted to get reliable and secure services.
If you are a retired person and want to spend the sunset of your life with comfort assisting your loved ones financially, then Sell and Stay is the perfect option for you. They offer a good value to your home and relieve you from financial insecurities and worries.
