If you're a homeowner in Michigan facing financial stress, retirement, or just seeking more flexibility, there's a powerful option you may not have considered: a residential leaseback—also known as 'Sell and Stay'. This arrangement allows you to sell your home to an investor while continuing to live in it as a renter. It's a win-win solution that helps unlock equity without the disruption of moving.
What is a Residential Leaseback?
A residential leaseback—commonly referred to as 'Sell and Stay'—is a financial agreement where a homeowner sells their house to an investor and immediately leases it back. This gives you access to your home equity in the form of cash, while still allowing you to live in the same house. No moving trucks. No new schools. Just financial breathing room and stability.
Why Michigan Homeowners Should Consider Selling and Staying
Homeownership comes with major responsibilities: mortgage payments, property taxes, maintenance, repairs, HOA fees, and insurance. In a leaseback scenario, many of these responsibilities shift to the new owner, leaving you with a single monthly rent payment.
How Much Could You Save in Property Taxes?
According to the Michigan Department of Treasury, the average effective property tax rate in Michigan is approximately 1.54%. That means for a $250,000 home, you're paying around $3,850 per year in property taxes alone. By becoming a renter, you eliminate this cost entirely. In addition to skipping taxes, you'll also no longer be responsible for expensive home repairs or HOA fees.
Benefits of Selling Over Owning
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💰 Immediate access to your home equity—no loans or interest
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📉 No more property taxes (save up to $3,850/year on a $250K home)
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🔧 No costly repairs or maintenance
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📦 No need to move—stay in the home you love
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📉 Eliminate mortgage debt and HOA fees
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🛡️ Protection from foreclosure or credit damage
Introducing Sell2Rent: Sell Your House, Stay as a Renter
At Sell2Rent, we specialize in helping Michigan homeowners access the equity in their homes without having to leave. We connect you with real estate investors who are looking for homes with tenants in place, offering you a fast, fair, and flexible solution.
✅ Get a cash offer in as little as 24 hours
✅ Find a buyer and close in as little as 15 days
✅ Stay in your home under a flexible rental agreement
✅ No open houses, no intrusive inspections, no hassle
Whether you're looking to eliminate debt, avoid foreclosure, or simply want the freedom to cash out and rent, Sell2Rent is your trusted partner. We handle the process discreetly and professionally so you can focus on what matters most—your future.
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