Seller Rent Back in Frisco, TX: Staying After You Close
By Steven Hoeke, Breaking Down Fast-Sale Options for Texas Sellers
(House Buyers Texas)
A seller rent back is when you sell your house and stay in it for a short time after closing, as the buyer's tenant. In Frisco it comes up when a family has bought the next house but cannot get into it yet, or when kids need to finish a school term. It sounds simple. The simple part is the idea. The details are where it goes wrong. I buy houses for a living, and rent-backs are a regular request from sellers. I will tell you what the Texas statute says, where I am giving opinion, and where I did not read something and will not pretend to. How a seller rent back works You sign a contract to sell. You close, the deed goes to the buyer and you are paid. Then you stay in the house for an agreed number of days under a lease with the buyer as your landlord. At the end you move out and hand ove...
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