Can I Sell My House As-Is to a Cash Buyer and Rent it Back Afterwards?

Sometimes, the timing of a house sale doesn’t always work out in an ideal way. Some homeowners might need to sell their house to solidify a great deal and then rent it back temporarily while their new home is in the closing process. If you’re in this situation, it might be a great option to sell your house to a cash buyer. 

Selling Your House As-Is

When you sell your house to a cash home buying business, you can sell your house as-is. This can help to speed up your selling process and lock down the great cash offer that you’ve received. A cash buyer will help greatly if this type of sale is your goal. This will help you to avoid repairs and renovations, which are delays that can be costly for your wallet and your timeline. When you sell your house on the housing market, traditional buyers will often require you to go through these lengthy repairs, and then your deal might fall through if they don’t have the loan approval necessary to purchase your house. With cash buyers, you’ll never need to worry about that. They’ll always have the cash to pay you from the moment that they give you your cash offer. 

Renting Your House

If you’ve just accepted a great cash offer from your cash buyer, but your new home isn’t ready to move into yet, consider renting your house back for a while. This can help you to have a place to live before your new house is ready to move into. You’ll want to contact your cash buyer to see if a rental agreement situation will work for them. Some cash buyers, such as cash home buying businesses, will be more flexible than others.

Selling to a Cash Home Buying Business

If you need to rent your home back after you’ve sold it for cash, a cash home buying business might be a great fit for you. Many cash home buying businesses purchase homes to flip and renovate them down the road. This often means that they’re not in a rush to get new renters or owners into your home once they’ve purchased it. If your cash home buying business has a similar setup, they might have the perfect situation for you to rent your home back while you’re waiting for your new home. 

So, if you’ve just found your dream home and you’re trying to close ASAP, but you need some extra cash in the meantime, sell your house to a cash home buying business. This can help you to get the funds that you need to close on your dream home, and then you can rent back temporarily so you have somewhere to live. If you arrange this perfect setup with your cash buyer, you’ll be living in your dream home in no time.

Do you want to sell your house to a cash buyer? Click here to get a fast cash offer today from Joe Homebuyer Dallas-Fort Worth!