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Updated about 8 years ago,
Rent back for sellers
Hello my name is Doug and I am purchasing a home for 2.5 million in the Bay Area CA. The owner would like to stay in the home for 2mos after sale. I'm fine with that but I don't want to pay holding for those two months. What are my options. Can I ask that the money not be released form the bank until the seller moves out or should I have them pay rent. In which case the rent could be almost 20k for two months and they will balk at that.
Any other options I'm not seeing.
Thanks
Doug