Should You Offer to Let a Seller Lease Back a Home?

Published On: December 29, 2021|Categories: Blog, Buyers, Selling, Tampa Bay|Tags: Should You Offer to Let a Seller Lease Back a Home|

Tampa Bay, your real estate agent will talk to you about things you can do to increase the chances of your offer being accepted. Here’s one of them.

Should You Offer to Let a Seller Lease Back a Home?

Sometimes, prospective buyers find that offering to allow a seller to lease their home back after the sale can increase the chances of an offer being accepted.

Let’s break that down.

A lease-back is an agreement in which a buyer allows a seller to stay in the home after the purchase is complete. Usually, the seller immediately becomes a tenant in the property. The new buyer often charges the seller rent to stay in the home. These arrangements can last between a few weeks and a few months.

So why do sellers like this arrangement? Why does it make them, in some cases, more likely to approve an offer?

The fact is that as soon as a sale closes, the seller is put into the position of having to find a new place to live. As a buyer yourself, you already know the process of finding a new home isn’t as easy as it seems. However, agreeing to allow a seller to remain in the home after you buy it takes a little bit of stress off the seller’s shoulders. They know they don’t need to scramble to find a new place to live, pack up and move within a matter of days, or face a lengthy hotel stay if something goes wrong with their own home purchase.

This stunning 5 year old home in Citrus Park, on the edge of Westchase, is the epitome of turn key and move in ready. With over 2,000 square feet of space, this D.R. Horton home offers 4 bedrooms and 2.5 bathrooms, perfect for all your needs. Upgrades galore can be found throughout, including custom made blinds, a water softener system, upgraded trim, tray ceiling, wainscoting, quartz countertops, and a fenced-in backyard with a brick paver patio. The main living areas feature beautiful tile flooring, while the bedrooms offer cozy carpeting, all painted in peaceful and neutral colors. The open floor plan allows for easy entertaining, while the kitchen boasts tall cabinets and stainless steel appliances. For some relaxation, step out onto the screened-in porch and soak in the hot tub with plenty of privacy and no rear neighbors. The 2 car garage with a painted floor offers ample storage with custom made cabinets. Don't miss out on the opportunity to live in this quiet neighborhood conveniently located near all that Tampa has to offer.

$669,000 Active

8326 Praise Drive Tampa, Florida

4 Beds 3 Baths 2,035 SqFt 0.140 Acres

The opportunity you have been waiting for! A refreshed home with charm and character, freshly painted throughout, new luxury vinyl flooring for a seamless transition from the living room with tray ceiling and indirect lighting to the open kitchen with new custom cabinets, granite counters, farmhouse sink, new stainless steel appliances (including washer and dryer in garage) and dining area which leads to a Florida room like never before seen with it's very own brick oven ready for your culinary creations. This home has three spacious bedrooms with large built in closets and is placed on an almost half acre lot with gorgeous oaks and mature landscaping creating a sense of adventure and separation from the bustling city just minutes down the highway. The added BONUS to this property is a "pool house" ready for you to breath new life, it has the bare bones for a kitchenette and a full bathroom with a one car garage of its own. The potential and possibilities are endless for those who can dream the dream, including a possible division of the lot to provide for another SFH to be built or sell it as land (proposal has been sent to the city to get this process started by the current owner). Not to mention the serene location sitting across the street from Druid Park, a waterfront park on Hillsborough River and located just 13 miles to Tampa International Airport, 7.4 miles to University of Tampa (UT), 2.6 miles to Tampa General Hospital and 6.7 miles to Armature works.

$420,000 Active

1630 E Mulberry Drive Tampa, Florida

3 Beds 1 Baths 1,522 SqFt 0.470 Acres

Beautiful, well-maintained, and one of the few houses on the market with direct lake access and a stunning view of the lake. It has a sought-after 24-hour guarded gate at Cory Lake Isles in New Tampa. With 3 large bedrooms, 2 full bathrooms, no carpets, a tiled roof, and many more upgrades, this home is a must-see! You will notice the breathtaking ski-size lake view through the pocket slide door from the large great room leading to a screened lanai with brick pavers. The kitchen in this elegant home has granite countertops, stainless steel appliances, an eat-in space, 18" tile flooring, 42" maple wood cabinets, a closet pantry, and a breakfast bar. The master bedroom has a walk-in closet and tray ceiling. The master bathroom has a double vanity with maple wood cabinets, a granite countertop, a garden tub, and a separate shower. Resort-style community with pocket parks, pool with slide, sandy beach and beach club, boat dock and ramp, playgrounds, fitness, tennis and basketball courts and so much more. Easy access to I-75, USF, Moffitt Center, VA, Wiregrass Mall, Tampa Premium Outlets, and Nature Trails. CDD included on Taxes.

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18024 Java Isle Drive Tampa, Florida

3 Beds 2 Baths 1,917 SqFt 0.180 Acres

Location, Location, Location. Nice corner lot a half mile in from Dale Mabry Hwy. Storage, Garage Space, Two Carports and Large 12'x20' Shed/Workshop are some of the great features to love about this property. Multiple bonus rooms in house provides ample storage. The largest bonus room at the SE side of home measuring 13x17 feet has its own exterior entrance door making it ideal as a home office, primary bedroom or home gym. This versatilely designed home would be ideal for someone who needs a place to park their work trailers and vehicles. No HOA. House sits on a corner lot and has a circular drive way in front with large parking pad, a garage 21'x28', a front carport that is 28ft deep. Side street has an entrance to backyard that features another large carport measuring 13'x24'. The interior and exterior of home have been freshly painted. A tankless water heater has been installed. One of the AC's was recently replaced. Windows in home are high impact double pane windows with a lifetime warranty against breakage. Screen enclosure at the front side of the home and back side of home provide countless hours of time to sit outside and enjoy the outdoors. The property has an irrigation system. Plumbing pipes were recently upgraded. Kitchen was updated with new cabinetry. Kitchen has a trash compactor. There is an extra storage room in between second bathroom and utility room. Washer, dryer and water softener in utility room will convey. The county is in the process of providing underground utilties for electric. A survey of the lot was recently done. Check back for more details about this well maintained home.

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3217 Hoedt Road Tampa, Florida

3 Beds 2 Baths 1,626 SqFt 0.460 Acres

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