By Natalie Novarro, REALTOR®
Sotheby’s International Realty – Beverly Hills
Serving: Hollywood Hills • Sunset Strip • West Hollywood
Can you sell your home and stay in it after closing?
Short answer:
Yes — it’s called a leaseback, and it’s more common than you might think in Los Angeles.
If you’re thinking about selling your home in the Hollywood Hills, West Hollywood, or Beverly Hills but aren’t ready to move immediately, a leaseback can give you flexibility.
What Is a Leaseback?
A leaseback allows the seller to remain in the home for a set period after closing while paying rent to the new owner.
Why Sellers Use Leasebacks
Many sellers use leasebacks when:
– They need time to find their next home
– They’re relocating
– They want to avoid moving twice
How Leasebacks Work
The terms are negotiated during escrow and typically include:
– Length of stay (often 30–60 days)
– Rent amount
– Security deposit
– Responsibilities for utilities and maintenance
What Buyers Consider
Buyers will evaluate:
– Whether they need immediate occupancy
– Rental terms
– Risk and flexibility
In competitive situations, buyers may agree to a leaseback to secure the property.
Risks to Be Aware Of
Leasebacks must be structured carefully to avoid:
– Insurance issues
– Liability concerns
– Disputes over move-out timing
Why Strategy Matters
A leaseback can be a powerful tool — but it needs to be negotiated correctly as part of the overall deal.
Thinking About Selling?
If you’re considering selling your home and need flexibility with your move, I can help you structure the right strategy.
Visit https://natalienovarrohomes.com
Contact https://natalienovarrohomes.com/contact
Call or text 323-719-3360