How does a Buyback work?

• In short, we buy your house for below market value, and then you lease it from us for a while and lastly, buy it back from us for a pre-determined amount, also below market value. 
• We will pay up to 60% of the market value,
• This price is made up of your bond, the arrears municipal account, all costs and fees to transfer and register the house in our name and lastly, the cash amount you need to sort out your debt/business/etc.
• We will pay any upfront costs and fees on your behalf to avoid putting further strain on your cash flow,
• Your will receive an option to rent the property back from us for 12 months for 2% of the total amount we have to spend on the purchase and
• You will receive the exclusive option to Buyback your home for 20% more than what we paid for it.

What happens if I cannot Buyback my house?

An example!

• Your home is worth N$1million;

• Your outstanding bond is N$300’000;

• You need N$100’000 cash to do the things you want;

• Costs, fees, Deposit, etc, is N$50’000;

• That means our purchase price is N$450’000

• Rent is 2%, thus N$9’000 per month and

• The Buyback  amount is 20% extra, thus R540’000

• You don’t Buyback and sell to “little Johnny” for N$1million, thus you keep N$460’000 (N$1million less R540’000 Buyback amount)

The major advantage of a Buyback transaction is that nothing much will change in your daily lives; except you might have received a cash payment, have no bond, less debt (if you chose to spend your money wisely) but in essence, you would continue to live your lives as always. Your friends or family wouldn’t even know your situation, if you don’t tell them. Your dignity and pride will be intact. No upsetting sheriff calls late at night, threatening to take away your house, possessions, cars and dignity!

Remember, this is a big decision, for both of us. You need to have faith that you’ll buy your home back and we need to know that you’ll pay your rent. We are not a bank and depend on you to do your part of the deal. It is a win-win situation and must be mutually beneficial.

Remember, you have an EXCLUSIVE option to Buyback your home. This means that you can cede or transfer your option if you decide, prior to the end of the lease, you don’t or cannot Buyback your home. You can even sell your house to a 3rd party, to anyone who is willing to pay the price you are willing to sell for. As long as it’s more than the Buyback amount, you will keep the extra amount as we only want our share; the BuyBack amount.

Remember, we will never charge upfront fees! 

All applications are obligation free!