For an innovative answer to some of life’s larger dilemmas, a sale-leaseback agreement is surprisingly straightforward. Here’s what it looks like at Truehold. First, we buy your home at a fair market value. Then, we rent it to you at a fair market value. In one fell swoop, you unlock the equity that you have in your home and lose the stress that comes with maintaining a property. All without uprooting your life or leaving the neighborhood you love.
Maybe you love your property, but you’d also love to take care of some debt. Maybe you want to maintain your community, but you no longer have the energy to maintain your property. Or maybe it’s time to downsize—but not just yet.
If you want to stay in your home but also stay on top of your financial and physical wellness, you may enjoy the benefits of our sale-leaseback program.
The sad truth is that even one moment of bad luck can snowball into debt. No one’s immune to financial stress, no matter how hard they work or what precautions they take. But with a sale-leaseback program, you can gain instant access to the equity you have in your home. With cash in hand, you’ll feel empowered to overcome your debts, manage your monthly bills, and invest in the future.
Between shifting interest rates and a historically turbulent housing market, many homeowners feel concerned about the strength of their investment. If you’re spending more time worrying about your home than enjoying it, Truehold’s sale-leaseback can offer peace of mind. Protect your wealth from an unpredictable market and take control of your finances. We can help get you out of your mortgage and on the road to securing your wealth.
If you’re struggling to stay ahead of your monthly bills, a sale-leaseback arrangement can help you increase your liquidity, fast. You’ve invested so much in your home and it’s okay to tap into your gains. In fact, many homeowners turn to Truehold to gain access to their cash and get back on strong financial footing—all while remaining in the homes that they cherish.
We understand that you may be looking for a timely solution to a challenging situation, so we’ll get to work right away. As soon as you reach out, our dedicated team will begin exploring your best options and developing an actionable plan that helps you move forward, fast. Many of our partners have been able to complete their sale-leaseback transaction within the span of about 45 days. In some cases, homeowners may be able to complete the transaction in even less time.
Put simply, sale-leasebacks are a series of simple transactions; a reverse mortgage is a complex loan that can result in more debt.
In a sale-leaseback through Truehold, homeowners gain access to 100% of their equity in the form of debt-free cash. And, because they make the transition from homeowner to renter, they’re no longer responsible for property taxes, maintenance and upkeep, and insurance fees.
With a reverse mortgage, a homeowner gains access to only 40–60% of their equity in the form of a complex cash loan that carries increasing interest and fees. Because individuals retain ownership in a reverse mortgage scenario, they will still be responsible for property taxes, home maintenance, and homeowner’s insurance. These costs and responsibilities can really stack up. And while homeowners aren’t required to make monthly payments to their reverse mortgage lender, they (or their beneficiaries) will eventually be required to repay the debt—sometimes by selling the home.
How long you stay in your home is entirely up to you. As long as you continue to pay rent and comply with the long-term lease agreement, there’s no limit to how long you can rent the property. Some of our partners see a sale-leaseback as a long-term, supportive solution for remaining in the house and community that they love. Others view a sale-leaseback with Truehold as the first step toward their next adventure.
Using best-in-class technology and years of experience in the real estate market, our diverse team of real estate professionals and financial experts will assess the property value of your home and any other owned real estate asset. Once a fair market value has been established, we’ll calculate a lease payment that aligns with comparable rentals in your area. If you have questions about the valuation process or your leaseback arrangement terms, one of our (real, human) team members is just a call or message away.
Real estate asset transactions can be riddled with fees. At Truehold, we’re committed to keeping as much of your cash in your hands as possible. When you sell your home, you will pay a standard real estate commission, or up to 6% of the home’s value. After you turn 100% of your equity into cash through the sale-leaseback agreement, we’ll charge a 5% fee for the transaction.
If you’ve owned or lived in your home for at least two of the past five years, it’s likely that you’ll only need to pay federal income taxes on your home sale if the profits exceed $250,000 (single) or $500,000 (married). That said, everyone’s situation is different. We recommend that you consult with a tax advisor while exploring your sale-leaseback arrangement options.
The inspection process is a standard part of any home sale and the sale-leaseback arrangement. We believe that transparency is essential to our process, so we conduct inspections before we close on retail properties. When we have the full picture of a home’s condition, we can arrive at fair prices and plan for any necessary repairs.
After we buy your home, we take on the burdens that come with property ownership—including taxes, insurance, and repair costs. All of those endless to-do lists and headaches? We’re happy to take those on, too.