Why Would A Property Seller Be Interested In A Rent Back?

Posted on July 27, 2007
Filed Under Real Estate |

The ability to sell a house quickly and then rent it back for an extended period of time has become more and more popular. Hundreds of these transactions have taken place over the last year and many former homeowners are now happily continuing their lives while living in the same house that was theirs.

Why would a homeowner want to rent a home back? What is it that ties them to a place and discourages them from simply taking the money from the sale of their home and making a fresh start? There are many reasons that a home owner may wish to stay in their previous residence after they have made a sale. For a family that is preparing to relocate it may be a matter of time until their new residence is ready, others may have children still in school and they do not want them to have to change schools at that point in time. Many have parents that are too far into their elderly years to be expected to thrive in a new environment, and others may simply have become attached to the neighborhood. On the flip side, a home owner who chooses to sell to rent back will probably not get the full market value for his property.

Tags: Real Estate

Why Would A Property Seller Be Interested In A Rent Back?

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