Sell2Rent Reviews

Sell2Rent may appeal to homeowners looking to sell their homes quickly and as-is, without having to move out of their home. 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 competitive offers with site unseen and willing to buy as-is. A perk of using its services is that you can rent your home after the sale, which may be helpful if you no longer want to deal with homeownership expenses, are building another home or 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.

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 multiple purchase offers that the homeowner can accept or deny. They create a small market for the house, driving the purchase price up. Then the Sell2Rent team works out the rental agreements with both parties (sellers and investors). Sell2Rent manages the entire process from listing the house to selling it.

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, that can be completed in a couple of clicks.

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

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 & Stay program allows you to sell your home without moving out. You’ll receive purchase offers from investors alongside rental negotiations. After inspections and closing is complete, you can cash out your equity and remain in the home as a renter.

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 requires sellers to have at least 20% of equity in the home. This is to ensure the transaction works in favor of the home seller and cash is guaranteed.

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.

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 fixing the house and hiring a real estate agent. 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.

Sell2Rent is a legitimate real estate services company headquartered in Miami, Florida. The company has done hundreds of transactions across the country. It uses a proprietary digital platform to facilitate purchase offers from real estate investors to sellers.