How a Rent Back Can Help You Snag Your New Home

We are in a strong seller’s market in Seattle which means there are a lot of multiple offers. So, if you present an offer in which the purchase is contingent on your current home selling, chances are the seller will go with a more convenient offer.

Most people don’t know they can do this, but you can actually ask the person buying your current home to give you a rent back. A rent back gives you anywhere from 60 to 90 additional days in your home before the new buyer moves in. That gives you ample time to find a new home without having to worry about yours selling.

“A rent back gives you ample time to find a new home.”

Most of the time the buyer won’t even charge you rent, and the best part is that you will be able to submit a financed offer instead of one contingent on your home selling. That will make your offer much stronger.

If you have any questions about rent backs, or if you have other questions about the real estate market, please don’t hesitate to give me a call or send me an email. I look forward to hearing from you!

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