Selling a home can be an exciting yet stressful process especially if you need more time to move out. However, with the option of a rent-back agreement, sellers can experience a smoother transition that allows for more time.
Hi, I’m Tanja Odzak, Our East Bay Home brokered by eXp Realty.
So, what is a rent-back agreement? A rent-back agreement is a negotiation between buyers and sellers often done at the time of the offer. This agreement is a legally binding short-term lease that allows a seller to remain in their home after closing for a specified period of time.
This is often done if the seller needs more time to move into their next property or to relocate to a new job. Both parties need to decide on the lease period, rate, and security deposit. Once everyone agrees and the transaction closes, the buyer will officially take possession of the property and the seller technically becomes the tenant. In a seller’s market, rent-back agreements are often included in an offer to make the offer more appealing to the seller and often free of charge.
It is always best to have an experienced agent with good negotiating skills who can get the best possible terms on rent back. If you are a homeowner looking to sell, feel free to reach out to me so I can help get you the best possible terms on your property.
And ask me about my home selling plans where you get to pick which real estate services you want and the fee you pay… Most of the them include my super duper digital marketing that absolutely no one else does in our area. I’m Tanja and I sell homes. I offer simplified and transparent choices!
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?