Sell2Rent

Sell2Rent Reviews

Sell2Rent Reviews
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About Sell2Rent

Sell2Rent uses a proprietary digital platform to connect home sellers with real estate investors who may be interested in purchasing properties. The company offers both Sell & Move Out and Sell & Leaseback options. You can submit your property information either online or by phone. You could receive an estimated offer from the company within 48 hours.

Pros & Cons

Pros
  • Options to get cash from equity without moving
  • Available nationwide
  • Potentially quicker close by working with vetted investors
Cons
  • May not get top dollar from sale
  • May take a lot of time to receive offers from investors

Our editors’ take

Sell2Rent may appeal to homeowners looking to sell their homes quickly, without having to host multiple showings. When you decide to list your home with Sell2Rent, the company sends out the buying opportunity to its own network of investors willing to make offers with site unseen. In addition, a perk of using its services is you can potentially rent your home after the sale, which may be helpful if you are building another home or are still searching for your next place.

However, keep in mind that you may not get fair market value for your home. In today’s real estate market, some homes are sold above asking prices and with multiple bidding offers. So, if you aren’t in a rush to sell your home fast, you may want to consider a more traditional home sales transaction by putting your home on the market with a real estate agent.

Rates

Sell2Rent is not a mortgage lender and does not offer mortgage loans with interest rates. Instead, it provides a platform for homeowners and investors to connect for a potential sale.

The investors submit purchase offers that the homeowner can accept or deny the terms. Those homeowners who want to lease their homes after the sale must work out a rental agreement with the investors as well. Sell2Rent also helps to facilitate a portion of the sales process by scheduling a home inspection before the closing.

Application process

To begin, you’ll visit Sell2Rent’s website and click on “Get Started.” Enter your property address to see if it qualifies (it must be a single-family home or a townhome). From there, you’ll choose one of the company’s program options, either Sell and Stay or Sell and Move Out.

You’ll also answer questions about your motivation to sell, whether it's rising home values or a life change (like a divorce or bankruptcy). The application involves a five-step process, each with a set of questions.

After you’ve completed the application, a Sell2Rent representative will reach out to finalize the details. You could receive an estimated offer within 24 to 48 hours, followed by investor offers, according to the company.

If you plan to lease back the property, Sell2Rent will include rental terms in addition to purchase offers. When the terms of the sale are accepted by both the seller and the buyer, the company will schedule an inspection and handle the closing details.

Program types

Sell2Rent offers two types of programs.

  • The Sell & Move Out program is similar to a traditional real estate sales transaction. You’ll first provide the company with information about your property and Sell2Rent will match you with investors who may be interested in submitting an offer. Once you accept an offer, you’ll sign a sales agreement, get the property inspected and move out once the transaction has closed.
  • The Sell & Leaseback program allows you to sell your home without moving out. You’ll still request purchase offers from investors, but also negotiate the terms of a rental agreement as well. After inspections and closing is complete, you can cash out your equity and remain in the home as a renter.

Requirements

To start, you’ll need to be a homeowner of either a single-family home, a condo or a townhome. Sell2Rent works exclusively with investors looking to purchase these property types. Other property requirements may include a minimum lot size and maximum age of the home, but check with the company for a list of those requirements.

In addition, Sell2Rent may also require sellers to have a certain amount of equity in the home, like 20%. You may qualify if you recently purchased your first home within the past few years.

Costs and fees

Sell2Rent is different from mortgage lending companies because it doesn’t offer financing for real estate purchases. Instead, it connects sellers with investors who are interested in purchasing the property and can provide their own financing for the sale.

As a seller, you may also have additional closing costs to cover, like lender fees and transfer taxes. Including real estate commissions, closing costs could add up to 10% of the purchase price.

How does Sell2Rent compare?

Sell2Rent is different from mortgage lending companies because it doesn’t offer financing for real estate purchases. Instead, it connects sellers with investors who are interested in purchasing the property and can provide their own financing for the sale.

It could be a good option for homeowners looking to make a quick sale without the hassle of showing appointments. However, if you need cash from equity and aren’t interested in selling and moving out, you may consider a cash-out refinance with nationwide lenders like AmeriSave Mortgage, Rocket Mortgage or US Bank.

FAQ

What is Sell2Rent?

Sell2Rent is a digital platform that matches sellers with real estate investors interested in purchasing properties. The company provides options for homeowners to either sell and move out or continue to lease the property after the sale.

How does Sell2Rent work?

Visit the company’s website and click on “Get Started.” You’ll answer a few questions about your property and your financial situation. Once you complete the questionnaire, a company representative will contact you to gather more details and you could begin receiving offers in just a few days.

Where is Sell2Rent available?

Sell2Rent is available in all 50 states. The company says that it works with a network of investors across the nation.

Is Sell2Rent legit?

Sell2Rent is a legitimate real estate services company headquartered in Miami, Florida. It uses a proprietary digital platform to facilitate purchase offers from real estate investors to sellers.


Article sources
ConsumerAffairs writers primarily rely on government data, industry experts and original research from other reputable publications to inform their work. Specific sources for this article include:
  1. Sell2Rent, “ Sell2Rent .” Accessed September 4, 2023.
  2. Zillow, “ How Much Are Closing Costs for Sellers? ” Accessed September 4, 2023.
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Sell2Rent Company Information

Company Name:
Sell2Rent
Website:
sell2rent.com