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You are here: Home / Real Estate / Leasebacks increasing

Leasebacks increasing

May 20, 2021 By Geoffrey Disch Leave a Comment

Leasebacks – or rent-backs – are becoming more and more common as sellers struggle to find a home to replace the home they’ve just sold. According to a report from Redfin, 60 percent of homes on the market go under contract within two weeks while 47 percent are sold within a week or less.

With such rapid movement and tight inventory many sellers are asking for a leaseback agreement after the transaction has been closed to give them more time to find a new home. In fact, many sellers won’t consider an offer unless a leaseback is part of the deal.

On the other side, buyers are waiving the leaseback fees or even offering free or discounted rent to sweeten their offer.

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Filed Under: Real Estate Tagged With: Leasebacks

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