"Seller Leaseback"
A leaseback is a temporary lease to the seller of a house after the deal is closed. This allows the seller to receive the funds before moving out of the property he just sold.
For many sellers, a leaseback is a peace of mind knowing they will have the proceeds before having to move out. This also allows extra time for the seller to complete the purchase of another property.
Since we are in a sellers market, buyers ar negotiating favorable terms on these leasebacks:
- Longer leaseback durations
- Low rates or no charge leasebacks are common
There has never been a better time to sell your home! Reach out today, I am happy to help you!
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