Leasebacks trend as sellers struggle to find a home to replace theirs

Realty Biz

A lot of home sellers have tried to get around the problem by asking for a leaseback or rent-back agreement after the transaction has closed, to give them more time to find a new home. If the buyer doesn’t want to give the seller a rent-back, they just won’t get their offer accepted.”.

Success in NW!

The Living Room

1,400,000, no repairs and a gracious rent back! Congratulations JJ and Val! We have known one another a long time and this sale takes the cake! I am so happy for you and so proud that your efforts in remodeling your home were rewarded with an offer $100,000 over asking!

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It’s a seller’s market: What does that mean for contingencies?

Housing Wire

They might ask to rent back their home for a certain amount of time, hold off the deal until they find a new home, or ask you to assume a solar panel lease or loan, if there’s one in place.

Condos going quickly….

The Living Room

Seller’s got a price they loved, but more important were terms that allowed them some rent back and now they only have to move once. This sweet little condo only lasted 9 hours on the market!! Got a great offer after the first showing that the sellers were happy with.

5 Things Homebuyers Need To Know When Making an Offer

Keeping Current Matters

An agent can help you consider what levers you can pull that might be enticing to a seller, like: Offering flexible rent-back options to give the seller more time to move out. When it comes to buying a house, you’re looking for the perfect place to call home.

Gutsy move pays off!!

The Living Room

Quick cash sale on their home, plenty of free rent back and (after writing a great offer!), Gotta love clients who are in the game from the get go!! They needed to sell first, but understood that getting a contingent offer accepted was unlikely.

How To Actually Get Your Home Offer Accepted in Today’s Tight Seller’s Market

First Team Real Estate

Offer to Rent Back to the Sellers. A great way to sweeten your offer without crushing your finances is to offer the home seller a month of free “rent” so they have time to find a new home before moving out.

I Have to Make an Offer Contingent Upon Selling My House. How Do I Sweeten the Deal?

HomeLight

If the contingency isn’t met, it usually means that you can drop out of the purchase and get your earnest money back. With a sales contingency, you’ll also get your earnest money back if the deal falls through because your existing home doesn’t sell. Ask for a rent-back clause.

How To Guide: Selling and then Buying

The Living Room

Pricing your home too high can result in less interest, longer market time, and offers that may not give you that crucial rent back time. The number one question I get asked these days is “what happens if I sell my house and can’t find something to buy?”

Just Sold! Heavenly Home in Happy Valley

The Living Room

They received two months of rent back from their buyers to find a new place to call home. Tim and Emily are wonderful return clients who sold their house with us last month.

One and Done

The Living Room

They made an offer that gave the sellers what they needed- including the maximum amount of rent back- and it was accepted. In this market of multiple offers and disappointed buyers, it’s nice to have one of those transactions that just clicks.

Luxury Real Estate Headlines: Third Week in March 2021

Sotheby's International Real Estate

How a “Rent Back” Could Help You Win the Bid on Your Dream House – Apartment Therapy. Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Telluride, Colorado | Dan Dockray, LIV Sotheby’s International Realty .

SOLD: A perfect first home in Tigard for my wonderful clients

The Living Room

After writing 8 offers, with appraisal gap coverage, free rent back, and more we found ourselves in backup or position more often than not.

SO MUCH HAPPY!

The Living Room

They don’t quite have keys yet because part of our creative offer was offering the seller some rent back time to help his next move transition as smoothly as possible. I have said it before, and I will say it again… being a buyer right now is not for the faint of heart.

Redfin Agents Share the Most Unique Offers that Recently Won the Deal

Redfin

The offer also included paying up to $2,000 of the seller’s moving expenses, giving the seller 60 days to lease back their home free of charge, buying most of their furniture, and waiving the appraisal altogether.” . Offering a rent-back agreement could sweeten the deal. “My

Lasagna Loans For a First Timer

The Living Room

Fortunately there was only one other offer on the table so with an offer of $300k with some free rent back for the seller, Mac had her one and only offer accepted. Mac was referred to me by one of my favorite lenders, Jennifer Leon at Umpqua Bank.

Loans 52

Banging Down The Door To Home Ownership

The Living Room

Offering free rent-back up to 60 days. Banging Down The Door To Home Ownership: How Buyers Are Winning Offers In Today’s Hot Market. We are seeing it all in this early 2021 Portland market.

The ONE in West Linn

The Living Room

Thankfully, we negotiated with their buyer for a longer close and 30 day rent back. The Creighton’s found the ONE in West Linn! It’s no secret that the housing market in the Portland Metro area is HOT. At the end of July, the area had just 1.2 months of inventory available.

The Contingency Dance

The Living Room

We priced the home well, got it market ready, and went pending for $30,000 over asking price with multiple offers and rent back. I always say that buying and selling a home at the same time is not for the faint of heart.

Southern California Home Prices Hit All-Time High in April

First Team Real Estate

Southern California home prices hit an all-time high this April as the hot seller’s market got even hotter. According to statistics from DQNews, median home price increased 20.2%

Everything they Wanted and Needed, and More

The Living Room

We first began working together back in January of 2020, pre-pandemic with high hopes to get them into a new home in the upcoming months. Not only were my clients at a different place in their life, but we also came back to a whole new market.

How to Time Your Home Purchase with Your Lease Ending

The Living Room

So the first tip is that 30 to 45 days, after you’ve bought and owned a house, there’s a chance of rent back. And that what you commonly hear is called rent back. Is your lease ending soon and you promised yourself you’d buy a house at the end?

Good Things Happening for Good People

The Living Room

Linda and Jason recently moved back to Portland after about eight years in LA. Closing went off without a hitch and Linda and Jason get keys in a few weeks (a 20 day rent-back was one of the attractive terms of their offer). Hands down, the best part of my job are my CLIENTS.

Attitude is THE difference.

The Living Room

After a short rent-back period for the sellers, they will turn the key on their front door exactly 361 days after it all began, and I’m so very pleased for Tristan and Ian to finally enjoy their new home!

Don’t wait, sell your home now, real estate pros say

Realty Biz

In addition, sellers may try to negotiate a rent-back agreement with the buyer to give them more time to shop for a home.

6 Strategies for Representing Buyers in Today’s Market

RIS Media

Agents can help buyers write the very best initial offer by contacting the listing agent to find out their preferred terms for closing dates and occupancy, rent backs if necessary, financing or cash options, so that they can put the best terms in their initial offer.

MLS 82

6 Options to Consider When Selling and Buying a Home in a Seller’s Market

Redfin

You can also consider requesting a rent-back agreement from potential homebuyers. A rent-back agreement means that the homebuyer purchases your home and you rent it from them for a specified period of time. Homeowners in a seller’s market face a conundrum.

Hot Housing Market Leaves People Afraid to Trade Up

Realtor.com

Some sellers negotiate rent-back agreements, so they can stay in their home for a month or longer after selling while they house hunt. They listed their starter home north of Salt Lake City, which they had bought in 2013, and included a 60-day rent-back as a condition of the sale.

I Sold My House! Now Where Do I Go?

The Living Room

Negotiate a rent-back on your current property — Oftentimes in this market, Buyers are willing to offer any and all terms the Seller is looking for. Negotiating a rent-back would allow you to stay in your current home for an additional 30-60 days after closing on the sale.

Trade Up Houses : A How To

The Living Room

We relocated to a short-term rental as close to the house as we could since there would be a lot of running back and forth to it. This story is a both personal and professional one.

Old Home Gets Love it Deserves with New Owners

The Living Room

We navigated this sell-buy process by asking anyone making an offer on their home to please include a free 30-day rent back. Every offer we received included a rent-back of some kind. They lucked out by finding a home that had just come back on the market and making an offer right away. Annabelle and Fabiana have big plans to rebuild the supports for a sagging, enclosed, back sunporch and to repair a beautiful, covered front porch.

Old Home Gets Love it Deserves with New Owners

The Living Room

We navigated this sell-buy process by asking anyone making an offer on their home to please include a free 30-day rent back. Every offer we received included a rent-back of some kind.

Tricky Plan to Buy a Mid-Century in South Tabor Worked!

The Living Room

The sellers put us in back-up, and on the same day they allowed the first position buyers to walk through, they let us have 20 minutes to walk through the house as well so my buyers could decide if they wanted to stay in back-up.

Buyers: Here’s Your Negotiation Strategy for When the Appraisal on a House Comes in Low

HomeLight

Are you able to offer the seller more time to stay in the home, or suggest a rent-back agreement? With a rent-back agreement , the seller stays in the home post-closing, giving them more time and giving you leverage.). Can you offer a rent-back agreement to the seller?

20% of Winning Home Offers Waived the Inspection Contingency in June, Up From 13% Last Year

Redfin

The appraisal contingency allows the buyer to cancel a deal or renegotiate the price if the appraisal comes back lower than a specified amount. More buyers are making concessions to win bidding wars amid a deepening housing shortage, record-low interest rates. In June, 19.9%