Buying a home while simultaneously trying to sell your home sometimes comes down to timing. In a seller's market (like here in Lake Havasu), you may sell your home quickly. But finding a new home among the limited inventory available may take a little time. Plus, you might need to use the equity from your Havasu home sale to purchase a new property. In that case, you might want to include a rent-back agreement in your sales contract.

How a Rent-Back Agreement Can Help a Home Seller
What Is It?
A rent-back agreement is exactly what it sounds like. This agreement allows the seller to rent the home from the new owner for a specified period of time and amount of money per month. It also allows the seller to stay in the home while they look for a new one. Plus, it avoids the hassle of moving twice: into a rental property when you sell and then into your new home when you buy. Instead of finding a temporary home while you look for a new one, you pay the new owner a monthly fee (plus a . ...