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How do I rent back my house after it's sold?

How do I rent back my house after it's sold? I'm hoping to sell and then stay for a couple weeks to do work on a new place. What are strategies for negotiating this?
Asked By Steve | Phoenix, AZ | 516 views | Renting | 2 years ago
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123 Answers
Chris Yochum

Dickson Realty

(24)

Most often when needing to stay in home after closing this is negotiated up front when accepting an offer preferably, though it can be done after with some negotiations. When an offer comes in you can let them know what is needed for time you would like to stay and depending on the buyers situation can sometimes rent back for a while or in competitive situations get a no charge rent back after closing.
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Nicole Parker

Dennis Realty & Investment Corporation

(17)

This is something that your Realtor can guide you through. Usually it is a situation that you will negotiate with a potential buyer up front, prior to accepting an offer. Your realtor can also put a mention in the MLS stating the need for a lease back situation.

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Robbie Holycross

West USA

(69)

What you're referring to is called a seller rent-back or post-possession agreement—and it's a common strategy when you need a little extra time to transition after closing. Here’s how it works and how to negotiate it: Negotiate It Upfront: Bring it up early—ideally when negotiating the purchase contract. Let buyers know you’ll need to stay for a set period (e.g., 1–2 weeks) after closing. Put It in Writing: Your agent will help draft a short-term lease or post-possession agreement. This outlines the length of your stay, rent amount (if any), deposit, insurance, utilities, and responsibilities during that time. Set a Daily Rate or Flat Fee: Some sellers stay rent-free as part of the negotiation (especially in hot markets), but it's common to pay a daily rate based on the buyer’s PITI (principal, interest, taxes, insurance) or fair market rent. Offer Security: Buyers might worry about damage or delays. Offering a refundable security deposit or setting clear move-out terms can ease those concerns. Insure Accordingly: You’ll likely need renter’s insurance during this period since you no longer own the property, and the buyer’s homeowner policy may not cover you. A rent-back can be a win-win if it’s clearly agreed upon and professionally documented. Your real estate agent and escrow/title company will help make sure it’s handled properly.

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