What is a Seller Rent Back?

With more people selling their house to buy their new home, a seller rent back aka seller leaseback is very common. But what is a seller rentback? Is a rent back a good idea? What are rent back agreement risks you should know?
#WhatIsASellerRentBack

If you've ever wondered, "can I sell my house to rent it back?" That answer in short, is YES! It depends on the negotiations at the time you're selling your house and has specific terms outlined.

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📒 Show Notes 📒
What you'll learn:
1. What does a seller rent back mean? FYI... the terms "seller rent back" and "seller leaseback" are often used interchangeably and are referring to the same scenario in real estate practice.
2. Why would you do a sale leaseback?
3. How to negotiate a seller leaseback after closing! FYI... The best practice is to involve your real estate agents during the closing process to ensure a smooth, hassle-free, transfer of the property when the time comes.

NOTE: To adjust video speed for your listening/ viewing pleasure, please use the settings icon on the bottom right of your screen. It looks like a gear. =)

Timeline:
1. 0:52 - Why you might want a leaseback!

2. 2:07 - But... What's in it for the buyer and why should they agree to a seller rent back clause!?

3. 3:13 - Be sure to protect everyone's rights with a seller lease back addendum aka a post possession agreement.

4. 3:48 - 13 point checklist to clarify terms of an agreement to successfully perform sell a house and rent back option!

5. 7:18 - Ensure you have appropriate insurance coverage for a seller rent back! i.e. The seller should have renter's insurance and the buyer should have owner's insurance with a provision for tenants.

6. 8:17 - How to calculate sale leasebacks!

Thank you for watching! =)

Enjoy an amazing day!
-Your Trusted Real Estate Advisor, Andrew Finney

Contact info:
Andrew Finney
USMC Combat Veteran/ Trusted Real Estate Advisor
License #S.0173260
Email: Andrew@AndrewFinneyTeam.com
https://www.andrewfinneyteam.com/

King Realty Group
6955 N. Durango Dr. Suite 1004
Las Vegas, NV 89149

Designations-
Certified Residential Specialist (CRS)
Accredited Buyer's Representative (ABR)
Sellers Representative Specialist (SRS)

Certifications-
Military Relocation Professional (MRP)

Disclaimers/ Credits:
At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with King Realty Group (KRG) in Las Vegas, NV. Andrew's videos are his own and do not necessarily represent the views and/ or opinions of KRG. The purpose of Andrew's videos is to educate you and help you make sense of the real estate process. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, professional trades, or any other services, you are advised to reach out to the appropriate professional for further counsel about your own unique situation. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or any other and may be outdated or inaccurate; it is your responsibility to verify all information for yourself. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that is free from error. Linked items may create a financial benefit for Andrew Finney Team. Any use of other media is by fair-use or license only.

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Видео What is a Seller Rent Back? канала Andrew Finney Team