Seller Rent Back

Posted by Team Pritchard on Feb 17, 2012 in Blog, Featured Articles | Comments Off

If a seller’s new home is not ready to be occupied, he or she might request to rent back the (former) house for a short time. If the buyer is agreeable, as part of the sales contract, the seller agrees to pay rent equal to the new buyer’s mortgage payment (including principal, interest, taxes, and insurance). This common...