Can You Sell Your House for Cash and Rent it Back?

Sometimes, your plans for your perfect home sale won’t always work out and you’ll need to sell unexpectedly. You might even need to sell ASAP before your new home is ready to move into and rent your house back temporarily. In this case, a cash buyer can help you with an easy, convenient home sale. 

Why Sell Now and Rent After?

You might wonder why homeowners would need to rent back their homes. Sometimes, the conditions of the market are perfect for selling before their new home is ready to move into. You might receive a great offer that you want to jump on even if it means that you’ll need to rent back your house for a short time. Additionally, affording a new home can be quite expensive. Selling your home sooner and renting it back can help you to use the funds from your home sale to more easily afford the closing costs and down payment on your new home. Unfortunately, if you’re trying to sell your home to a traditional buyer, they likely won’t be flexible in letting you rent your home. Traditional buyers usually buy homes to use as their primary residences. 

Selling to a Cash Buyer

If you know you’re going to need to rent your home back after selling, one great option is to sell to a cash buyer. Cash buyers are individual investors in the real estate market. They often rent out the homes they purchase for cash. They also might renovate and sell your home for a profit. Because of these purposes that cash buyers have for the homes they buy, they usually don’t need you to urgently vacate your home after purchase. Instead, they can offer you a great cash price and allow you to rent it back. Some cash buyers might have different repair or buying requirements, so make sure you discuss that before accepting their cash offer. 

Selling to a Cash Home Buying Company

Another great option for renting your home back after selling is to sell to a cash home buying company. These companies function similarly to cash buyers. However, they won’t have any repair requirements for your home sale, guaranteed. Cash home buying companies purchase homes in any condition without requiring repairs or even inspections in some cases. They also won’t need you to clean or empty your home when you move out. So, you can rent back your home comfortably and leave behind any belongings that you don’t need when you move. 

So, if you’re trying to sell your home and are considering renting, remember that cash buyers and cash home buying companies can help. Selling your home for cash can give you extra flexibility with your timeline. Once you’re ready, you’ll be able to move into your new dream home without any issues.

Do you need to sell your house and rent it back for a time? If so, the Home Helpers Group can help! Click here to get a cash offer today.

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