1. What is a home sale-leaseback exactly, and why is it a smart option?

To understand how Stay Frank.’s program works, let’s break down the phrase into its two core parts: “home sale” and “leaseback.”

1. The first part, “home sale,” is a direct translation: it implies you are selling your house. In a sale-leaseback real estate arrangement, we connect you with trusted investors who offer you a fair market value to buy your house.

2. The second part of the phrase— “leaseback”— is a key addition: you as the homeowner sell your house to our trusted investor; however, you get to lease it back. This means we allow you to still live in it as a temporary tenant. You simply become a renter by signing a lease and paying a monthly fee to stay in the home for a predetermined amount of time. That’s why a home sale-leaseback is also often synonymously referred to as a “sale-and-leaseback,” because you are selling your home while continuing to live in it as a leasing tenant for a bit longer.

To learn more about the benefits of our program, explore our Why a Home Sale-Leaseback? resource. 

2. Can I still qualify if I have bad credit?

Yes! Our program is not credit-based. Check out our Do I Qualify? page for a full list of qualifications. 

3. What qualifications must I meet to be eligible for your home sale-leaseback program?

We will ask you a series of simple questions about you and your home to qualify you for our home sale-leaseback program, including:

• Your employment status 
• How many bedrooms and bathrooms your house has  
• How much cash you are looking to get from the final sale 

Check out our Do I Qualify? page for a full list of qualifications.

4. Do I have to move out of my house?

We’re going to give it to you Frank.: Ultimately, yes, you will move out. However, the benefit of leasing your home as a tenant is prolonging the “when.” Most Stay Frank. customers stay anywhere from a few months to up to 5 years. The average customer signs a 2-year lease.

We know it can be hard to say goodbye, however, the point of our home sale-leaseback program is to help you transition into the next chapter of your life. You are selling your house to start over in a better financial position— and we’re here to help you ease into your new home with less debt and stress.

5. How much can I get for my home?

You can expect to receive an offer comparable to selling your home with a realtor. Our trusted investors offer fair market value for your home based on its current condition, neighborhood, square footage, and amenities. 

Your final cashout amount will vary based on the value of your house, what you still owe on the mortgage, and if you have any outstanding dues related to your home (i.e. solar or HOA fees).

7. Who takes care of the inspection, closing costs, homeowner’s insurance & property taxes?

• Inspection fee - We will handle the cost of the inspection fee for you so you have one less cost on your plate.

• Closing costs - After your house closes, you are responsible for its closing costs. The good news is that these costs are much lower than a traditional closing fee where a realtor would take a portion for their services. For example, most realtors take 6% of the sales cost in their commissions. Our Cash & Stay program eliminates commission fees, as well as many of the other costs and fees associated with selling and moving.

• Homeowner’s insurance - Since our capital investors will become the new owners of your house, they will pay for the homeowner’s insurance. As a tenant, you are responsible for a cost-friendly renter’s insurance policy to protect your personal belongings. For perspective, the average annual renter’s insurance cost is only $180 per year, compared to homeowner’s insurance at $1,899 per year.

• Property taxes  - The taxes you accumulated throughout the calendar year up until your closing date are your responsibility, however, you do not have to worry about future taxes.

8. Am I tied to the full terms of my lease?

The short answer is, yes. Like any housing rental agreement, you sign a lease and must follow its terms and conditions. After we agree on a timeline, we expect you to stay in the home until our agreed-upon vacate date. Should you find a new home sooner than expected and be ready to move early, fees for breaking the lease terms will apply. These fees will be clearly outlined in your lease agreement and will vary based on your home’s value and the remaining length of your lease period.

9. Can I repurchase my home after I sell it to you?

No. We know it can be hard to say goodbye, however, the point of our home sale-leaseback program is to help you transition into the next chapter of your life. You are selling your house to start over in a better financial position— and we’re here to help you ease into your new home with less debt and stress.

10. What areas do you serve?

We serve homeowners located across the United States. To see if your city applies, fill out the form below.

11. I see you partner with agents/realtors. How does that relationship work?

Agents can refer clients to us if they are not interested or prepared to sell and move, and still collect a commission.

12. How can I get started?

Does our home sale-leaseback program sound like the right fit for you and your family? Find out if you are eligible here: Do I Qualify?