These are becoming more and more popular in this market… So let’s talk about what you need to know about a leaseback!
Because it’s a bit challenging to find the perfect home to buy right now, some sellers are asking their buyers for a little more time to leave their home.
Basically, the buyer gets to be a landlord for a little bit as the seller rents the property and the ownership transfers to the buyer.
If you as a buyer have some flexibility with your move-in date, definitely consider a seller’s lease back request–it will make them more likely to accept your offer and provide goodwill between both parties.
And sellers, if buying a home in this market has made you avoid selling your home, this is just one of the options to make buying a new home easier!
Want to chat more about leasebacks? Get in touch!