Updated about 7 years ago on . Most recent reply
Rent back to seller, should I?
Im I. A probate situation and the closing has extended 2 times already. We are looking to close on the 27th of this month but the seller needs more time to vacate. I'm considering a rent back. What should I charge for rent? Market rents plus a %premium? Or should I not even consider a rent back as a newbie?
It's an all cash deal with a wholesaler. I'm afraid they will abandon me and run at closing (of course they would) and leave me with a mess.
Should I encourage postponing closing again? I'm not heartbroken if she backs out.