Estate agents have got a bad reputation over the years but this position is about to be challenged by a new breed of emergency property services. As the price of housing falls on average by 2500 pounds each month and the credit crunch is felt by many an overstretched homeowner, currently many circumstances are a case of the quicker the sale the better. And to deal with such conditions companies have emerged from the financial fog to offer services that can get you out of the property pickle you may be in. Although it's true that companies offering these quick selling methods can undercut the value of your property by up to 40%, the price will always be pre-agree and with a mortgage in arrears or repossession orders on your welcome mat you may need to acquire some capital quickly in which case these rent and buy-back options can help out massively.

The rent and buy-back schemes are promoted for those that don't want to lose their home completely and just need to free up some equity on a temporary basis. Most firms understand that everyone's predicament differs and therefore they attempt to customise the rent or buy-back package depending on specifics of your circumstance. Rental rates are based on the prices of the local market and can be on a short or long term tenancy agreement. And you can stipulate the right to buy back your property when you're ready. In addition these plans can be executed with the upmost discretion on the company's behalf if you wish not to lose face with your neighbours.

The more amiable firms offer free valuations of your house as well as covering the actual sale and any possible legal fees incurred. This is a huge positive for taking this route. The company will handle all the red-tape and paperwork and you as the client can be as involved with the legal side of proceedings as you want. Some organisations boast the ability to buy your house from you and sell it within 24 hours however such a significant event shouldn't be so rushed. Frequently the necessity of using one of these companies dictates a speedy sale but anything less than a week will be a hasty process.

Failing to keep up with the Jones' due to financial difficulties is a horrible weight on your mind, and especially on top of the idea of having to sell and lose your home in order to deal with the issues, it can all seem quite hopeless. However these quick sale and buy back companies present an easy solution that may just save you from bankruptcy and homelessness.