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Rent-Back Agreement | Coldwell Banker Realty Blog

Thursday, November 18, 2021   /   by Steve Ticknor

A Rent-Back Agreement Helps Some Havasu Home Sellers

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 . ...

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  lake havasu real estate, home selling tips, rent-back agreement

Coldwell Banker Realty
Steve Ticknor And Bob Ulery
2148 McCulloch Blvd N #105
Lake Havasu City, 86403
928-302-6177

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IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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