Lease Back : A Great Strategy for Albuquerque Home Sellers

Lease Back : A Great Strategy for Albuquerque Home Sellers

Tego: If you just said something there really quick, and you said lease back for the seller. Can you explain what that means?
Tracy:
Well, you know, the market right now, sellers have some leverage, right? So I,
Tego:
To say the least
Tracy:
In two instances that I can think of in the last couple weeks where we helped to sell or sell, but we negotiated as a part of that sale contract that they could stay in the home for 59 days or 60 days. There’s some, some implications there with a new borrower’s lending. So 60 days is sort of the most, if they’re getting a loan that says a primary residence, but we can negotiate a lot of buyers right now are willing to allow you to stay in that house while you get your new house under a contract and get moved. So
Tego:
Hope there’s no real estate agent. We don’t want to give away all our secrets.
Tracy:
Oh, that’s,
Tego:
That’s true. We do. I know we have a lot of real estate agents that listen, cuz I always hear from. Right. So yeah, so I mean that’s the, the whole lease back idea. So basically the home closes you’ve been funded, but basically you’re rent back the house h until you’re ready to move. And that’s, that’s a great strategy for home sellers and again, you know, home sellers, you know, that’s, that’s something that could be a condition of your sale, that you would like to have.
Tracy:
Right. So that’s just one of the strategies and one of the programs. So we can definitely talk if you’re interested. Just give us a call at that four, four eight, eight, eight, eight, eight. And we’ll get you set up with the best home seller expert on our team. We have several, you know, Melissa who grew up out in the Mai edge area, east mountains, east mountain, east mountains. Yeah. Yeah. East mountains, you know, she loves to represent those properties. We’ve got Shayna in Rio, Rancho. Not that they don’t cover all areas, but you know, we have different people with affinities, Janes and CORs Lisas in the Northeast Heights. So just we like to match people up with the right agent to help them sell their property and help them understand the options.