Hi r/personalfinance first time poster longtime lurker. I'm currently in the process of searching for my first home to buy and I've finally found a house I'm willing to put an offer on. The issue is my market is incredibly hot and houses are going for significantly over asking. The owners of the house I'm currently looking at do not have a purchase lined up so if they are looking for some flexibility with closing. I was wondering what are y'all's opinion on including a leaseback provision in my offer. I'm currently on a month-to-month rent so my living situation is not an issue but from my research a rent back agreement might make my slightly lower offer more compelling to these buyers. I'm going to go over my offer with my agent tomorrow morning and I wanted to get your guys's opinion on this. For reference I live in MA.
Submitted May 08, 2021 at 07:43PM by halifire https://ift.tt/3hd9mYo
