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Updated over 3 years ago,

User Stats

172
Posts
93
Votes
Nathan Williams
93
Votes |
172
Posts

seller lease backs in a hot market

Nathan Williams
Posted

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??

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