Published May 30, 2024
LiveMARYLAND Seller Tip | The Rentback | Maryland Realtors
Written by Tim Mcintyre
Have you thought about selling recently but wondered, "But where will I go?"
You're not alone!
If you need to sell before buying, whether it's because you need the money for the downpayment or wouldn't qualify (or don't want) to hold both mortgages at the same time, a rentback option may be something to consider!
So, what exactly is a rentback? It's an arrangement between the buyer and seller in which the seller remains in the home for a set period post-settlement, with the buyer assuming the role of landlord (meaning you, the seller, essentially become the tenant!).
Have questions about how you can buy and sell simultaneously in our current market? Get in touch with us today! We would love to discuss your options to help make your next move seamless and enjoyable!
Tim McIntyre, Associate Broker, GRI
The McIntyre Team of Keller Williams Integrity
Direct: (443) 870-4268 | Office: (443) 574-1600
Joanne Louzon, Realtor
Shari Arciaga, Realtor, GRI
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