Is it Possible to Sell My House for Cash and Rent it Back?

While most homeowners looking to sell hope that they’ll be able to close and move right into their next home, it doesn’t always work out that perfectly. Sometimes, there are delays that prevent your new house from being ready to live in. In this type of situation, you might want to rent your sold house for a time until you are ready to move.

Why Would I Sell When I’m Not Ready to Move?

You might wonder why homeowners would sell their house when their new home isn’t ready for them yet. Sometimes, homeowners come across an offer that they simply can’t turn down, and want to sell early in order to guarantee their buying price. This is especially common in a competitive market where there are lots of homeowners looking to sell. Additionally, some homeowners might need the extra funds that come from selling their home to cover the closing costs and final expenses of their new home. These are just a few of the situations where renting might prove beneficial for a homeowner.

How to Negotiate Renting

When you’re looking to rent back your house, you should know what kind of buyers will likely have the flexibility to allow that. Many traditional buyers won’t allow you to rent your house back since they’re looking to live in it themselves once they’ve bought it. On the other hand, cash buyers often purchase homes they plan on renovating and updating. This means that they won’t be in a rush to get a new renter or homeowner living in your space, giving you the flexibility you need to rent your home back for a time. So, if you’ve just received an offer on your home that you can’t turn down and want to negotiate to rent, here is how you can get started. 

Selling to a Cash Home Buying Company

When you want to sell your home for cash and rent it back, make sure that you’re selling to a cash home buying company. These types of cash buyers generally have the most flexibility when it comes to renting. When you sell to a cash home buying company, you’ll get a personalized cash offer that is calculated based on your home’s value. This means that you’ll always get an excellent deal, even if the traditional market says that your home is outdated and not worth much. Make sure that you talk to your cash home buyer to negotiate how long you’ll need to rent after selling. Once that is settled, you’ll be free to sell your house and enjoy your cash payment. 

So, if you ever find yourself facing a great cash offer but you’re not quite ready to move, remember this article. You can accept the offer, sell your house, and rent until you’ve closed on your new home. This will help you enjoy more financial security while still having a comfortable place to live. 

Do you want to sell your house for cash and rent it back? If so, click here to contact Ocean City Buys LLC and get a cash offer today!

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