Qi Li, Home Buyer in Texas

In the lease back case, how can we walk through the house if the seller is still living in the house? Thanks, Lee

Asked by Qi Li, Texas Thu Sep 27, 2012

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8
Cathy Browne, Agent, Plano, TX
Sat Apr 12, 2014
It is very common to have a "seller leaseback". The buyer can do a walk-through prior to closing, and in most cases, all turns out fine. I have found that the majority of sellers will leave the house in good condition for the buyer.
1 vote
Michael Brow…, Agent, Allen, TX
Sat Mar 15, 2014
Simply schedule the walk-through and also do another walk-through at the duration of the leaseback.
1 vote
Gary Geer, Agent, Antioch, IL
Fri Sep 28, 2012
In addition to the great feedback you have already recieved, I would recommend that you take pictures of every room of the property to help establish the property condition as of that date.
0 votes
Susie Kay, Agent, Dallas, TX
Fri Sep 28, 2012
Qi Li,

Your agent should be able to give you advice on this.

A lease back is quite common but I would suggest doing a short one such as a 2 day lease back. You can do a walkthrough before closing to make sure there is no damage and that the seller is ready to move out and has packed. Most of the time the home will be almost empty anyway. You may do another walkthrough when sellers have moved out.

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0 votes
Melissa Hail…, Agent, Plano, TX
Fri Sep 28, 2012
Lee,
Definitely talk with your Realtor about your specific situation, as they are there to assist you with your specific situation. An example might be: if you asked the seller to make repairs - they should be completed prior to closing the sale at the title company. I would definitely recommend scheduling a walk through prior to closing to view those repairs to ensure they were completed.

Good luck! Congratulations on your new home!
Melissa

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0 votes
Barry Hardman, Agent, Frisco, TX
Fri Sep 28, 2012
You can walk through prior to closing looking for obvious things, but after the lease back, do another walk through. In oreder to protect yourself, on the temporary lease back contract in paragraph 5 you can require a deposit at funding of the sale. This can be a credit to you at escrow. This protects your interests, and put in special provisions paragraph 11 that the house will be professionally cleaned upon termination.

Barry Hardman
Ebby Halliday, Realtors
(940) 783-2524
0 votes
James Gordon…, Agent, Hamilton, OH
Fri Sep 28, 2012
I have had that talk with buyers a few times. If there are repairs you need to check and see if they are completed you coordinate with the sellers for access. There is no way to check and see if there was damade on the move out yet as they are still there and that needs to be done later. If you are just checking for move out damage you are wasting your time doing a walk through.
0 votes
Dallas Texas, Agent, Dallas, TN
Thu Sep 27, 2012
All is based on the executed sales agreement

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0 votes
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