Why not rent your home back?
Buyers often agree to give the sellers a week to 10 days after closing to completely pack up and move out. However, did you know you don't necessarily have to move out of a home you sell right away?
A rent-back is a rental agreement between the home buyer and seller that allows the seller to continue to live in the home after the closing date in exchange for rental payments.
A rent-back agreement can have distinct advantages for both the buyer and the seller. You will want to carefully consider the unique circumstances of your situation before deciding if a rent-back is a good idea for you. Let's go over the benefits of rent-back agreements.
Buyers should never let sellers remain in the home without signing a formal agreement.
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