The top questions that realtor partners have, answered. Learn about sale-leasebacks so you can start offering them to your clients.
A sale-leaseback combines two common transactions into one: a home sale and a lease. We buy your client’s house and lease it right back to them. It's as simple as that.
Our sale-leaseback is a perfect solution for homeowners with a wide range of goals.
We take into account a variety of factors when determining a home’s eligibility. That said, we do have some general guidelines. We purchase only single-family homes, most of which are between $100K-$280K, have at least 2 bedrooms, have lot sizes between 750 sq ft and one acre. You can request a full detailed buy-box by entering your client’s information here or becoming a Truehold certified partner.
Our team is constantly growing and expanding our national presence. Right now, Truehold mainly operates in the midwest. To view our full list of locations, visit our website.
If you’re a real estate agent representing a seller, you make your full sale-side commission just like any other residential transaction. If you're not a real estate agent, we’ll give you a generous referral bonus.
Residents typically sign a one-year lease term with the ability to cancel after 6 or 9 months (depending on the lease) with 60-days' notice.
Working with Truehold has many benefits. On the financial front, Truehold provides you with an additional revenue stream and an opportunity to make more money than would be the case if you didn’t partner with Truehold. On the broader business front, working with Truehold allows you to differentiate yourself from colleagues who have the same playbook and offerings, and helps you attract new clients who are interested in out-of-the-box options. Perhaps most importantly, partnering with Truehold offers you a tangible and meaningful way to help your clients access their home equity and gain financial security without leaving the homes that mean so much to them.
No! The sale-leaseback process is quick and simple. You identify someone who would be a good fit for Truehold and submit their home details to your local market manager for review. If the home fits our criteria, you will receive an offer within 24-36 hours. You’ll work with your client to submit a verbal offer to Truehold, and then your client will receive a formal offer from our team. While we schedule and conduct an official home inspection, you'll assist your client in completing a tenant qualification application. Once all is complete and approved, we’ll schedule a closing date, at which time you will receive your commission.
Just like our home valuation process, we use local comparable rentals to set a market rent for your client’s house. For the first five years of leasing, there will be a small annual rent increase for the greater of 2.5% or the Consumer Price Index. Starting in the sixth lease year, the rent may increase up to the prevailing local market rent.
If the submitted home information meets our criteria, we can turn the offer around within 24-36 hours for realtors.
Unlike most other sale-leaseback companies and financing options that charge customers a variety of vague and onerous fees, the only fee that Truehold charges is a typical real estate commission of up to 6% of the home’s value.
Generally speaking, we require our residents to have a minimum FICO score of 600 and a 3x income/rent ratio. Prospective tenants who do not meet these qualifications will be considered with additional security deposit or prepaid rent reserves.
No, Truehold does not work with people who are facing bankruptcy.
A sale-leaseback, refinancing, and a reverse mortgage are all ways to access home equity. But in comparison to reverse mortgages and REFIs, sale-leasebacks unlock more equity, minimize ongoing costs, remove the burdens of homeownership, and offer many more financial and lifestyle benefits.
Once you refer your client to Truehold, you can have as much, or as little, involvement in the sales process as you would like. The choice is entirely up to you, and we will cater to whatever arrangement you and your client desire.
Yes! Our realtor partners have had great experiences working with us. Doing so has allowed them to more meaningfully help clients in a wide variety of situations, differentiate themselves from other realtors, and solidify an additional, and stable, revenue stream for their business. Importantly, they’ve also very much enjoyed working alongside our sales and real estate teams, which they consider to be flexible, easy to work with, and human-centered.
Chat with a real person & get an offer for your home within 48 hours.Call (314) 353-9757