You searched for Sadly you have learned a very valuable lesson: Terms can be more important than price. When you are competing with other buyers, you need to be very mindful of the seller’s terms. The scenario you are referring to is called a “rent back”. They have become common in our market.

Questions About Today’s Real Estate? Ask Phyllis!

By CV Weekly on May 26, 2016 Between Friends

Rent Backs Dear Phyllis, After looking at homes for months, my fiancé and I finally made an offer. The sellers had several and they countered all requesting a 45 day period after the close where they could remain in the home as tenants. Although, we are renting month to month, we were fearful that this […]