FocusRealty
  • home
  • This Week's New Listing
  • 2418 Madeline Loop
  • 6400 Lakeshore Drive
  • 7812 Dakota
  • Zuma
  • Full Move
  • Help Us Buy a Home
  • Steps in Buying a Home
  • Come Sell Our House
  • Reviews
  • New Clients Please Watch
  • Steps in Selling a Home
  • Austin Realty Blog
  • Buy before Selling
  • Sold on Legend Hills
  • Recently Bought & Sold
  • Texas Real Estate Commission Information About Brokerage Services
  • Real Estate Marketing Photos
  • Travel Blog
  • Cabinet Painting
  • Milburn Park
  • Lakeline Metro Rail
  • Hill Country
  • Selling Process Overview
  • Contract Class
  • Big Bend Adventure
  • Lake Cedar Park
  • Search
  • Make Ready Consultation
  • Safety During Showings
  • Vendor Recommendations
  • Working By Referral
  • Mortgage Pre-Approval Process
  • Live MLS Search
  • Mulitple Offers
  • Cancel Insurance
  • Make an Offer
  • Counter Offers and Negotiation
  • Contract on a Home!
  • Negotiate Concessions
  • 80
  • Another sale on Old Mill
  • Pending Without Option

If You Need to Stay After the Sale - Lease Back

Sometimes you need the proceeds from the sale of your personal home before you can move out.  The most common situation is waiting on a construction of a new home.   One of the ways John can help coordinate the two parts of your move is to use a lease-back provision.
Negotiating a lease-back is where you (seller) lease the house back from the buyer (new owner) for up to 60 days.  This can give you time flexibility.  It is a concession that many buyers will consider.  Rent is commonly based on a daily rate of 1/30th of the buyer's new mortgage payment.  That way the cost to the buyer is effectively  zero.  Sometimes the number of days can be flexible.  Much is open to negotiation.  The limit of 60 days is a lending rule.  Buyers who lease a home for over 60 days need to switch to investor financing, often with higher down payments and interest rates.  There is no limit when the buyer is paying cash.
Picture

Subscribe

Join our mailing list today!
Join Now

John
Stapleton
512-219-Sold
Broker
Owner
Founder
Focus Realty™

Texas Information About Brokerage Services and ​Texas Real Estate Commission Consumer Protection Notice
  • home
  • This Week's New Listing
  • 2418 Madeline Loop
  • 6400 Lakeshore Drive
  • 7812 Dakota
  • Zuma
  • Full Move
  • Help Us Buy a Home
  • Steps in Buying a Home
  • Come Sell Our House
  • Reviews
  • New Clients Please Watch
  • Steps in Selling a Home
  • Austin Realty Blog
  • Buy before Selling
  • Sold on Legend Hills
  • Recently Bought & Sold
  • Texas Real Estate Commission Information About Brokerage Services
  • Real Estate Marketing Photos
  • Travel Blog
  • Cabinet Painting
  • Milburn Park
  • Lakeline Metro Rail
  • Hill Country
  • Selling Process Overview
  • Contract Class
  • Big Bend Adventure
  • Lake Cedar Park
  • Search
  • Make Ready Consultation
  • Safety During Showings
  • Vendor Recommendations
  • Working By Referral
  • Mortgage Pre-Approval Process
  • Live MLS Search
  • Mulitple Offers
  • Cancel Insurance
  • Make an Offer
  • Counter Offers and Negotiation
  • Contract on a Home!
  • Negotiate Concessions
  • 80
  • Another sale on Old Mill
  • Pending Without Option