What is a rent back?

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What is a rent back?

In the process of transitioning from selling their current property to purchasing a new one, homeowners often confront a significant challenge. The financial dynamics may require certain sellers to sell their existing property in order to generate the necessary funds for a down payment on their prospective home. Fortunately, a practical remedy exists that alleviates the complexities of finding temporary housing during the intermediate phase – typically the period between property sale and the completion of the new purchase. This remedy comes in the form of a "rent back" arrangement or post-settlement occupancy agreement, as stipulated in contracts.

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A Seller's Guide to Strategic Home Contingency Options

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A Seller's Guide to Strategic Home Contingency Options

When selling a home in DC, Maryland, or Virginia, you'll encounter various options regarding the home inspection contingency that can influence your transaction. Understanding these choices will help you and your real estate agent determine the approach that aligns with your goals.

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A Seller's Guide to Home Inspections

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A Seller's Guide to Home Inspections

Congratulations on making a significant step towards selling your home! You've put in the effort to prepare your property and attract potential buyers, and now it's time to navigate the process of home inspections to ensure a smooth and successful transaction. Just as buyers go through the excitement and anticipation of finding their dream home, sellers too must be proactive in understanding the importance of home inspections and how to approach them strategically.

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