1,311,397
Lease-backs are very common these days as many sellers have not secured their next home as they are selling t\heir current home. Sellers becoming buyers and facing the difficult market for buyers need to live somewhere after their sale closes. Aggressive buyers are offering to let the sellers lease-back at no charge in order to make their offer more attractive.
-
Lyn Sims
Schaumburg, IL
-
Carla Freund
Raleigh, NC
-
Joan Cox
Denver, CO
-
Jeff Dowler, CRS
Carlsbad, CA
135,724
Building houses as fast as I can
-
Lyn Sims
Schaumburg, IL
-
Carla Freund
Raleigh, NC
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
3,345,091
Most of my listings are vacant.
However, when I do have a seller that also needs to buy, we require a 60-day rent back. In the hot seller market, this is not something buyers object to.
-
Karen Climer
Orlando, FL
-
Carla Freund
Raleigh, NC
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
1,502,998
Not a fan of leasebacks. Over the years we've had many a buyer who would decline to see a house because of them. Unless your potential buyer is living with mom and dad still or otherwise doesn't have to sell a place, it isn't a viable option.
-
Karen Climer
Orlando, FL
-
Lyn Sims
Schaumburg, IL
-
John Juarez
Fremont, CA
4,936,677
I agree with your suggestion on how to handle this. Had to do 3 like this in last 6 months.
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Carla Freund
Raleigh, NC
2,781,173
I have seen leasebacks make a comeback and is useful for all involved...
-
Lyn Sims
Schaumburg, IL
-
Carla Freund
Raleigh, NC
6,393,404
That is one of the options we suggest, in the end it comes down to what works best for the buyers and sellers.
-
Lyn Sims
Schaumburg, IL
-
Carla Freund
Raleigh, NC
5,049,183
Lease-backs have become more popular, both from sellers wanting them but being offered by buyers to be more competitive. We have a form here in CA to deal with this for renting less than 30 days, and 30 days or more. Obviously won't work for all buyers - depends on the situation.
-
Lyn Sims
Schaumburg, IL
-
Carla Freund
Raleigh, NC
5,868,544
Almost every home I have shown that is occupied is asking for 30-60 day rent-backs.
-
Carla Freund
Raleigh, NC
5,216,398
Once upon a time leasebacks were standard practice, then possession at closing became common and now we are back to leasebacks. What goes around comes around!
1,844,291
Have to do what you have to do. It's not optimum but should be kept in your tool box for sellers
921,504
In some states this provison is common or even baked into the transaction.
In my location, there has been no need to such a provision.
But, that does not mean there is not a value add opportunity.
Based on expressed or perceived need, I could do any of the following:
1. Repeairs
2. Clean
3. Arrange POD. this removes one pain point when needed furntirure delivered.
4. Provide POD packing resources
5. Pay moving costs
6. Arrange discounts for short term stays. I have several B&Bs where I can check scheduling to offer some flexibility.
I work like hell to eleimate any post closing complications. One 'I won't leave' situaion makes it clear you don't want to do there.
1,543,727
Rent back agreements are a given in CA so it has to be more creative than that for us. Individual plans tailored to the strategy of the individual seller that's what I'm tasked with here; way too much to share here...
but if you read some of my past posts a lot of what I've done is revealed.