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What Is a Rent-Back Agreement?

RIS Media

Under those circumstances, a rent-back agreement can be advantageous for both parties. How a Rent-Back Agreement Works. A rent-back agreement allows the seller to continue to live in the house for a period of time after closing. During that time, the seller pays rent to the buyer.

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Should I Sell My House in 2022? Factors to Help You Decide

HomeLight

Among survey participants, 23% agreed to a closing timeline preferred by the seller which would be more convenient if you’re waiting to move into your new house. A brand-new house is another option, but supply chain problems, labor shortages, and zoning issues are impeding construction. Buyer concessions offer convenience and savings.