Truehold Home Sale-Leaseback Review

Best Overall

4.8 _/5

LendEDU Rating

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Home Sale-Leaseback

• Get a cash offer within 24 hours
• No limits on how long you can lease your home
• Truehold covers the costs of major repairs, property taxes, and HOA fees

• No option to repurchase the home

Closing time	30 days or less
Eligible homes	Single-family homes
Eligible markets	Select cities in Georgia, Indiana, Kentucky, Missouri, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Tennessee, and Texas

Selling your home but not ready to move out? Truehold offers a flexible solution with its home sale-leaseback program. After selling your home to Truehold, you can lease it back for as long as you need, with a minimum lease term of six months. This is ideal for sellers who need more time to transition and buyers who want to lock in their future home without immediate occupancy.

Truehold, specializing in home sale-leasebacks since 2021, operates in several cities, including Atlanta, St. Louis, and Cincinnati. With over 1,000 successful transactions, Truehold provides a convenient option for homeowners to sell their home without immediately moving.

How does Truehold work?

Truehold offers a straightforward process for homeowners looking to sell their property and continue living in it, providing flexibility and peace of mind during transitions.

Am I eligible for a Truehold home sale-leaseback?

If you live in an area where Truehold operates, you must own a single-family home valued between $90,000 to $400,000 with eligible home values varying by city. You’ll also need one of the following:

• Sufficient equity in your home to cover at least three years of rent payments
• A high credit score to prove you’re responsible enough to make rent payments

Home purchase and lease agreement

Once it determines you’re eligible, Truehold executes your home purchase in as little as 30 days. The lease agreement begins right after you close on the sale of your home.

Maintenance and updates

Like a traditional lease agreement, Truehold manages essential home repairs, and you may make small cosmetic updates. You can expect small annual rent increases but you’re not obligated to leave your home after a set time.

How Truehold calculates sale and rent

Truehold calculates the sale of your home and your rent using comparable rentals in your area, the square footage of your home, and amenities. You’ll get market value for your home and pay market value for your rent.

Transaction fee

You’re responsible for a 5.5% transaction fee on the home sale.

Pros and cons of a Truehold home sale-leaseback

Pros

• Quick access to cash

  You’ll get an immediate payout for the equity you have in your home (minus the transaction fee) and your only financial obligation is ongoing lease (rental) monthly payments and utilities. 

• Minimal fees

  Aside from the 5.5% commission, Truehold charges no other fees for a leaseback.

• Removal of expensive home costs

  You’re no longer on the hook for home repairs, homeowners insurance, property tax, and similar costs.

• Rent as long as you’d like

  As long as you can continue making monthly rent payments, you can stay in your home as long as you want. You can also choose to move out in as little as six months after your sale-leaseback agreement is signed.

• Fast closing time

  Because there’s no public listing, you won’t need to prepare your home for staging, pictures, open hours, or private viewings. The time from offer to close is as little as 30 days, and you can get an all-cash offer on your home in 24 hours.

• Speak with real people

  When you contact Truehold, you’ll always speak with real people, not an AI chatbot. It employs real estate agents and experts to help you determine whether a sale-leaseback fits your needs.

Cons

• Lose access to appreciation

  You’ll get your home’s full value minus what you still owe at the sale, but you won’t have the chance to build up further equity once you sell. 

• No more tax breaks

  As a renter, you won’t qualify for state or federal tax credits or deductions for homeowners.

• Potentially high rent payments

  If you live in an area with a high cost of living, your rent payments will often reflect the average rate for your home size and neighborhood. Rent payments could price you out of your leaseback.

• Only available in select cities

  See the list above.

If you’re unsure whether Truehold is right for your home equity needs, check out our full list of home equity companies we’ve reviewed.

How do I apply with Truehold?

Truehold designed its application process to be straightforward and user-friendly. Follow these steps to get started:

1. Check eligibility: Begin by completing the form on Truehold’s website to ensure your home is eligible. Truehold operates in select cities and requires homes to be valued between $90,000 and $400,000 depending on the city.
2. Initial contact: Once you confirm your home’s eligibility, you’ll speak to a Truehold Advisor to discuss your home and whether or not a sale-leaseback is right for you.
3. Review your offer: Receive your offer in 24 hours. Discuss the cost considerations, including potential monthly rent payments and the 5.5% real estate commission, and review your offer with any family, friends, or advisors you’d like involved in the conversation. 
4. Home inspection: Once you accept, there will be a third-party inspection to verify the final sale price for your approval.
5. Sign agreement: After understanding and agreeing to the terms, you will sign the leaseback agreement. Truehold will purchase your home and the lease will begin right after the sale closes, which can happen in as little as 30 days.
6. Transition to tenant: Truehold manages regular repairs of the home, and you may make small cosmetic updates.

This structured process ensures a smooth transition from homeowner to tenant, allowing you to access your home equity without the hassle of moving immediately.

What do Truehold’s customers say about the company?

Customer ratings can tell you what working with a company is like. These Truehold home equity reviews are newer, but its customers can give you an idea of what to expect. 

Source	Rating	Number of reviews
Better Business Bureau (BBB)	4.34/5	44
Google	4.1/5	116
Trustpilot	4.13/5	47

Positive feedback

Many say they appreciate the smooth and efficient process Truehold offers, praising the company for its clear communication and the professionalism of its representatives. Clients often highlight the convenience of the sale-leaseback model, which allows them to access their home equity without the need to move immediately.

Truehold’s ability to offer management of the property is also a commonly appreciated aspect, reducing the stress and costs associated with homeownership.

Negative feedback

Some early customers expressed dissatisfaction with the valuation of their homes, feeling that the offers were lower than they expected, although more recent reviews show customers who are pleased with their offers. A few reviews mention issues with the inspection process, where apparently previously discussed problems led to unexpected cancellations or renegotiations.

Several reviewers mention concerns about the potential for high rent payments, especially in areas with a higher cost of living. Overall, many experiences with Truehold are positive, but prospective clients should be aware of the potential challenges and evaluate the terms.

Does Truehold have a customer service team?

Truehold customer service is available by phone and email.

• When you call 314-353-9757, you can speak to a Truehold advisor. The advisor will review the set qualifications criteria, including ensuring your address is in an eligible coverage area, and your home is within range to sell. If you’re working with Truehold, you’ll get a dedicated service number to speak to a representative about your pending sale. 
• You can also email [email protected] any time, and someone will contact you.

Truehold alternatives

Truehold’s home sale-leaseback isn’t an option for everyone, especially considering its selective coverage area. 

Alternatives include the following:

• Another home sale-leaseback company. Truehold isn’t the only option for home sale-leasebacks. Check out other home sale-leaseback companies we like.
• Reverse mortgage. A reverse mortgage is when you borrow money from your home’s equity to secure a loan. Your home is collateral to secure the loan, and you’ll repay it when you move. This is only available to homeowners who are 62 years and older.
• HELOC. A home equity line of credit (HELOC) allows you to borrow money based on a percentage of how much equity you have in your home.  During the draw period, where you take out money against your limit, you must make minimum payments over a set time, often 10 years. Then the repayment period kicks in, which is also a fixed term for a set number of years. 
• Home equity loan. A home equity loan is a lump-sum loan where you can borrow based on your home’s equity. You’ll start immediate repayment and make fixed payments over several years. 

Home equity loans and lines of credit use your home as collateral.

Before you get into a home sale-leaseback, ensure you’re eligible and it’s the right move for you. Compare it to other options and make the best choice for you and your family.

How we rated Truehold

LendEDU’s editorial rating system is designed to help readers find companies that offer the best home sale-leasebacks. Our system awards higher ratings to companies with affordable solutions, positive customer reviews, and online transparency of benefits and terms.

We compared Truehold to several home sale-leaseback companies, using hundreds of data points from company websites, public disclosures, customer reviews, and direct communication with company representatives. We weighted, scored, and combined each factor to produce a final editorial rating. This rating is expressed on a scale from 1 to 5, with 5 being the highest possible score. Our take is represented in our rating and best-for designation, recapped below.

Product	Best for	Our rating
Truehold home sale-leaseback	Best overall	4.8/5