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We have a buyer for our house but we don't have another house picked out yet. Can we rent short term

Until we find our ideal house?
  • September 17 2013 - Williamsville
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Answers (2)

You can sell your house contingent on finding another. Or you can have both agents negotiate terms for you to rent-back your home once escrow closes. This situation came up with a client of mine - the owner was unable to move to her new home as it wasn't finished. The buyers of her home were so happy with the house, the price, that they were very happy to rent back to her for 4 months at a fair price for both. The key to this happy ending was to be up front and open about your situation from the beginning so that everyone is on the same page, with no surprises.

Start looking now for your next home - good luck!
  • September 17 2013
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You can make the contract contingent upon you finding another home to live in. This way the contract is still open until you do find your ideal home. If you want to rent until you find a new home then you will have to find an apartment that is either month to month or a 6 month lease. 
Hope this helps
  • September 17 2013
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