Meet the Stay Frank. Team!
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Where we are.
Our headquarters is located in Phoenix, Arizona, but we have team members across the United States. Today we operate in Arizona, Nevada, Colorado, Texas, Kansas, Missouri, Indiana, Tennessee, Alabama, Georgia, Florida, and North Carolina. Having recently added Oklahoma and Ohio, we have plans to expand further! Contact us and we will be sure to let you know when Stay Frank. comes to your state!
FAQs
To understand how Stay Frank.’s program works, let’s break down the phrase into its two core parts: “home sale” and “leaseback.”
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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.
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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.
Yes! Our program is not credit-based. Check out our Do I Qualify? page for a full list of qualifications.
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.
We’re going to give it to you Frank.: Ultimately, yes, you have to 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.
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).