What Does Lease Back Mean?

Dated: August 23 2024

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If your home sells more quickly than you expect it to, that's a good thing, right!? For most sellers, it's a resounding YES. For others, that might mean you're scrambling to find a place to live before your next closing date.
In certain situations, we might negotiate a leaseback with the buyer. A leaseback occurs when the buyer agrees to rent a home back to the seller for a predetermined period of time so that they can remain in the property.
​This is an option for sellers who get an offer before they've found their new home, as it assures the funds to make an eventual move plus a grace period so you don't have to rush into another purchase.
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Stacy Vidro

Vidro Realty Group, led by Stacy Vidro, specializes in marketing and negotiating luxury homes, waterfront properties, and high-value real estate in Palm Beach County, Florida. Originally from New Yo....

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