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Updated over 3 years ago,
seller lease backs in a hot market
I recently had a deal fall through for a SFR purchase in Indiana after a lease back request from the seller. I was frustrated that this desire wasnt communicated to myself and my agent during our communication with the seller agent beforehand but nevertheless I was okay with it and countered their lease back request with a 30 day rent amount that was roughly half of the market rent rate. I thought this was beyond generous yet the seller refused this demanding to not pay.
I hate to see a deal fall through for such a relatively small amount but my gut says if they made a big deal over something so reasonable imagine the issues once the deal closes and I technically become their landlord.
Well anyway, I was curious what is the going arrangement for lease backs in a hot market? Are buyers really letting sellers do 30 day lease backs at no rent amount??