Are you or do you know someone that is facing foreclosure of his or her home in Fremont California? This is a frightening experience and one that will leave you bewildered and wondering what you should do next. Well there is another option that we will talk about in our discussion today.  

Have you ever considered trying to find a buyer for your home that will allow you to stay in the home after the sale is complete, because you are going to rent it from him? This is a viable option, but one that we should take a closer look at so that you understand the advantages as well as the disadvantages.

Advantage #1 – You won’t be homeless

This is an obvious advantage, but one that does not need to be taken lightly. If you can arrange a sale/rent back option, you won’t have to move and find a new place to live. You can stay in your home by just making regular monthly payments.

Advantage #2 – Well defined information

When you are able to sell your house in this manner, then it is important that in your agreement, you define both the sale price and what the house is valued at from a rental standpoint.

Advantage #3 – Repurchase Opportunity

For a lot of people, the foreclosure and poor financial situation is a temporary situation. If this is the case, then you want to spell that out in your agreement. The price that you will purchase it back will already be defined when you sell the house. Additionally as part of the agreement, you want to make sure that the opportunity to buy back the house will be an option for you.

Disadvantage #1 – Low selling price

Remember that you will possibly sell this house at a price that will be below the value of the market for that house in Fremont California. It is very possible that you won’t feel that pinch very much as you also do not have to pay commissions such as real estate commissions.

Thank you for taking the time to read the information I have made available to you. This information is brought to you by your Fremont real estate expert Clyde Brown.  If you are considering buying or selling property, planning to relocate, looking for Fremont homes for sale, or looking for any other information about real estate in the Fremont real estate market, or the surrounding areas, please visit the most complete website dedicated to everything real estate related www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Bay Area Realtor, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. For all your East Bay cities needs including Fremont, Newark, Union City, Hayward, Oakland, Santa Clara, Milpitas, Dublin, Livermore, Pleasanton, and San Ramon. Clyde Brown Legacy Real Estate & Associates.