Our Unlock and Stay Program: Residential Sale Leaseback

At The District PHX, our Unlock and Stay Program lets you unlock the equity in your home while you continue living in it. It’s not like refinancing or a reverse mortgage; instead, it is a home sale that allows you to lease it back from the new owner while accessing your home equity.

What Is a Sale Leaseback?

The residential sale leaseback process is the smarter way to access the equity in your home without disrupting your life. With our Unlock and Stay program, you can use the proceeds from the sale of your home however you want — pay off credit cards, pay college tuition, or anything you dream — without immediate disruptions to your life.

With Unlock and Stay, you can

  • Pay off debt
  • Stay in your home as you rebuild your credit 
  • Limit the disruption of moving for your family
  • Avoid having a credit check 
  • Skip paying appraisal fees or realtor commissions
  • Ignore making any needed repairs
  • Avoid paying for homeowners insurance or HOA
Elegant dining room decorated in whites and greys with a large wood table opens to the Arizona evening

Step by Step: The District’s Sale Leaseback Process

It may be tempting to make a snap decision to solve the worries. However, selling your house is a decision you shouldn’t rush. At The District, we move fast, but we want you to explore your options thoroughly. Then, only if it’s the right decision for both of us, we purchase your home and you continue to live there.

The District’s Unlock and Stay process is designed to make sure this is the right solution for you.

Step 1: Explore Your Options

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We encourage you to get to know more about us and our programs.

We encourage you to get to know more about us and our programs.

Step 2: Meet With Us

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When we chat by phone or in person, we will:

  • Explain your options.
  • Describe how the house sale works financially.
  • Discuss lease options. 
  • Give you an estimated offer.
  • Answer your questions.

When we chat by phone or in person, we will:

  • Explain your options.
  • Describe how the house sale works financially.
  • Discuss lease options. 
  • Give you an estimated offer.
  • Answer your questions.

Step 3: Find Out If You Qualify

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If it is the right time for you to take advantage of our alternative ways to sell your house, we will determine if you qualify. You will need to: 

  • Answer a few intake questions.
  • Send us photos of your home inside and out.

If it is the right time for you to take advantage of our alternative ways to sell your house, we will determine if you qualify. You will need to: 

  • Answer a few intake questions.
  • Send us photos of your home inside and out.

Step 4: Receive a Fair Offer on Your House

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Once we determine that you qualify, we will present you with a fair and just offer. Then, here are the next steps you’ll need to take:

  • Decide if you would like to accept the offer.
  • Let us know your decision.

Once we determine that you qualify, we will present you with a fair and just offer. Then, here are the next steps you’ll need to take:

  • Decide if you would like to accept the offer.
  • Let us know your decision.

Step 5: Agree on Lease Terms

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With a residential leaseback with us, we want you to have the flexibility to choose. Depending on your goals, you can choose between these options:   

  • Full up-front lease payoff to eliminate monthly payments.
  • Partial lease payoff up-front and use part of the equity as you wish. 
  • Make full monthly lease payments to have full access to the equity.

With a residential leaseback with us, we want you to have the flexibility to choose. Depending on your goals, you can choose between these options:   

  • Full up-front lease payoff to eliminate monthly payments.
  • Partial lease payoff up-front and use part of the equity as you wish. 
  • Make full monthly lease payments to have full access to the equity.

Step 6: Complete the Sale and Lease Agreements

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We can set a closing date in as few as three days, at which time we will sign these two documents:  

  • A standard Arizona Association of REALTORS® contract that protects your rights and interests.
  • A standard rental agreement that protects you as a tenant.

We can set a closing date in as few as three days, at which time we will sign these two documents:  

  • A standard Arizona Association of REALTORS® contract that protects your rights and interests.
  • A standard rental agreement that protects you as a tenant.

Final Step: Build a Bright Future

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The most important step of our Unlock and Stay program is to use your unlocked equity to start building a bright future. 

The most important step of our Unlock and Stay program is to use your unlocked equity to start building a bright future. 

Elegant dining room decorated in whites and greys with a large wood table opens to the Arizona evening, Great room with modern decor, white furnishings, and stainless steel appliances

The District Residential Leaseback Difference

You deserve to be treated with respect regardless of your circumstances, and we will do so throughout the entire sales process and as your landlord.

Once the sale is closed, we will take care of the hassles and expenses that you used to manage.

  • Need a new roof? We’ve got it
  • Time to pay property taxes? We’ve got it.
  • Homeowner’s insurance due? We’ve got it, although your rental insurance will cover your personal property.
If I’m already planning to move, can you still buy my house?

Yes! Our Lock and Move program lets you sell your house without any of the headaches of a traditional real estate transaction — no listings, no strangers touring your home, and no waiting for an offer. Learn more about our Lock and Move program.

What selling and ongoing costs am I responsible for if I stay in my house?

Once we’ve purchased the house, you no longer need to worry about homeowner’s insurance, property tax, or HOA fees. You pay the balance due up until the closing date and then never have to worry about it again. If you take advantage of the Unlock and Stay program, you will be responsible for renter’s insurance, but most rental policies are only 10% of a homeowner’s policy.

How much cash will I get?

Our goal is to get you as much cash out of your home as possible. Every homeowner has a
a unique set of circumstances, from wanting to stay in the home, repairs that are needed,
potentially past due payments to the lender or HOA etc. Spending some time with us to walk
through your goals and current situation will allow us to more accurately discuss how much
equity is available to you.

One thing we can say is that with us, you will have access to your equity much more quickly, far more easily, and with a lot less hassle than traditional means of selling.

Can I access homes equity with bad credit?

Yes! When you’ve not been able to refinance your mortgage or need to access the money you’ve invested in your house, your credit score may not be the best. We understand that. We also understand that accessing your home equity may be the right solution to get you to a bright future, so we’ve designed our programs to be available regardless of your credit score.

Is it hard to qualify?

We understand that you might have some recent credit struggles that could affect your buying power or your renting capabilities. We prefer to take the approach of understanding where you were, and what this capital infusion for you will do for your financial future, helping you get back on your feet.

Ready To Ask Questions?

The District is by your side step by step as you navigate this challenging period in your life. Once you are ready to move on to Step 2 and meet with us to ask your questions, simply choose one of these methods:

Schedule a Call
Request Information

Get your offer today.