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I doubt you'll find buyers willing to let you live in your property for that long. Three days, sure. Three weeks, maybe. Three months? I doubt it.

I did it.

Me, too.

Was either of these long rent back periods associated with a recent purchase? Especially with all of the PIA things that CC has been bringing up, and the tighter occupancy requirements that are being imposed, I would suspect that it would be difficult for a buyer to get an owner-occupant loan when the contract included a 3 month initial rent-back.


My current mortgage guidelines for the purchaser allow for a maximum rent back of sixty days. Anything longer written into the sales contract and the loan is considered as being on an investment property, an then the purchasers must meet investment purchase guidelines.

The D.C. area is a seller's market and a 60 day rent back is not unusual. Generally the sales agreement is worded that the sellers pay rent at the equivalent of the the buyer's new PITI, but I've seen aggressive buyers provide a free rent back for sixty days to the seller. Just one more item that's negotiable.

I have also heard second hand of addendums to the sales contract that are not shared with the lender, which allows more flexibility past those sixty days.
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