Edie Waters, a Kansas City agent with 28 years of experience under her belt, says this used to be one of the most common reasons someone requested a rent back deal. Still others may be building their next home, and maybe it’s the construction crew that needs more time. “It was beneficial for her just to sell it to us and then just rent it back for a period of time,” David says. The funds from the sale of her home, coupled with the rent-back agreement, gave her time to downsize and find a new place to live. Ryan David, a real estate investor in Pennsylvania, recalls one recent rent-back deal he participated in where an older woman wanted to sell her home after her husband passed away, but she needed more time to sort through all of the belongings they had accumulated during their life together. Or they may simply need more time to move due to a variety of life circumstances. They may need additional time to find their next home but need the money from the home sale for their down payment. There are a number of reasons why a seller could request a rent-back deal. Scenario 1: The seller asks for a rent-back in the contract
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |