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Old 01-16-2019, 06:31 AM
 
Location: Columbia, SC
10,146 posts, read 19,856,763 times
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Either is a great idea...if you want to eliminate 90+% of your potential buyer pool.

I hate rent backs, but delayed closings are just more time for something to go wrong and the deal fall through. If I was forced to pick between those 2 options, I'd still pass and find another home, unless there was something uniquely desirable about your home.
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Old 01-16-2019, 02:06 PM
 
Location: Lake Coeur D’Alene
5,178 posts, read 7,652,847 times
Reputation: 5367
Quote:
Originally Posted by Brandon Hoffman View Post
Either is a great idea...if you want to eliminate 90+% of your potential buyer pool.

I hate rent backs, but delayed closings are just more time for something to go wrong and the deal fall through. If I was forced to pick between those 2 options, I'd still pass and find another home, unless there was something uniquely desirable about your home.
It was definitely worrisome and if we’d found something better we’d not have done the delayed closing. But it was uniquely desirable. The almost perfect house on the perfect lake lot. So we put it under contract and waited. Someone else came along talking a highe price and the seller made noises about wanting more but we made noises about the contract and involving an attorney and ultimately it all came together. But for a buyer at least...it was more stressful than I would have liked.
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Old 01-17-2019, 12:33 PM
 
Location: Holly Springs, NC
4,177 posts, read 1,935,373 times
Reputation: 5203
I am only giving my opinion as a buyer - it would 100% make me walk the other way (unless your house has that "one of a kind I gotta have it" thing going on). You're just creating a headache from the buyer - what if he or she were in the same situation and now they have to rent because you can't get out on the day your house was sold?

If you need a place to stay, find your own rental. Don't shoot yourself in the foot by asking to rent back.
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Old 01-18-2019, 07:58 AM
 
400 posts, read 446,708 times
Reputation: 834
We did a 60 day rent back when we sold our last house. It was a mutually agreeable solution. They weren't ready to move in and we hadn't found a house. I probably wouldn't do it again. By the end they got very pushy, wanted us out early because they were ready to move now, etc. We had to point back to the rental agreement we signed. Just not worth the headache IMHO.
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