You are definitely asking yourself the right questions. Have you talked to your agent about your thoughts? If not, you should.
Since you have a repair request still outstanding, assuming that you have a contingency, you may use this as leverage. Get your repairs and be a little flexible. You can also negotiate rent back during the time they occupy the property. This should be at least the amount that you will have to pay in mortgage, property taxes, insurance, etc. during the rental period. You may also want to consider a security deposit to be sure that they maintain the property in the condition that you currently see it.
These are all things that your agent can help you with. Just remember that everything is a negotiation and that there is a little give and a little take.
Please feel free to contact me if you have any other questions, but again you should make sure that your agent is aware of your concerns.
Good Luck and congrats on your future home.
Everyone is working toward the same goal - a successful close. A little give and take on both parts would make this a smooth transaction. Have your agent come up with some scenarios that would work for both parties and have him/her get in there and go to bat for you!
There should definitely be something in this for you and a stipulation should be made in the agreement of the exact date they will be completely out - leaving the house clean and in as good or better shape as the day you close the deal! Definitely charge them a deposit if that gives you more of a comfort level.
Wishing you the best!
I have to say that I don't agree with Ally. Yes, it is a buyer's market so you're probobly getting a very good price for your home.
Bridge loans are very tough to get right now.
There is no harm in "being nice". Traditionally you get paid a nice per diem for every day the seller's stay in the house after close of escrow.
I agree with Ray that you should get a security deposit.
You pose an interesting question about liability in a lease-back. I look forward to hearing what the other agents have to say because I don't know the answer.
You are in a good position to have your repair list accepted. I must caution, however, that repair requests should be for safety issues & code issues, not matters of taste. If your repair request is reasonable, you should have your realtor contact the listing realtor to explain that you will answer the lease-back request only after your repair request has been resolved to your satisfaction.
Best of luck,
On the other hand, if you do accommodate and something "goes wrong", call me. My specialty is unwinding real estate complications and resolving contract disputes.
The L.A. Condo Store
Downtown Sales Specialists