What is a
Lease Back?
Lease backs
are great options for sellers who sell their home quickly but still haven’t
found their new residence.
Who wouldn’t
love selling their home sooner than expected? More sellers are thrilled to see
that their home was on the market for less days than anticipated. While this is
great, it can put some sellers in a sticky situation. If the seller does not
have a new residence set in stone, we often negotiate a lease back!
A lease back
occurs when the buyers agrees to rent the home back to the seller for a
predetermined period of time. This allows the sellers to remain in the property
until they are able to find their new home. These terms are negotiated during
the offer process.
Working with a Realtor ® who knows your options as both a buyer and seller is crucial. We’re here to help you navigate the world of real estate.
Information Courtesy of Alecia Conway - (214) 802-0648