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Person wants to rent my house so they can eventually buy it
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So my house is currently on the market for sale, and has been for 5 months now (housing market is slow). I have a person that’s interested in leasing it because they want to buy it after their divorce goes through. I guess the situation is that they’re going through a divorce, both their names are on the old house, and they won’t be able to sell the house for the equity until they both find a different place to live. Hence him wanting to rent it so he can purchase it later.

My hang up is that I don’t want to miss the buying season (summer). The other thing is that I had planned to put some of the equity from the sale into my current house (the pool needs redone) and pay off my two car loans. If I were to rent it, the rent price would only cover one car loan, and I wouldn’t be able to do the pool until later.

Is there any downside to signing a lease for say… three months, so I can still catch summer? I must admit, the income from three months of renting would be nice after bleeding for the past five months on it. Then that would give him some time to get his divorce and assets in order. Although… with it being a slow market who knows when his house would sell. He may not be in a position to buy it in three months either. Im also afraid of being hit with capital gains if I went to sell it in a couple years if he didn’t buy it.

He keeps coming back to my realtor and is basically begging for me to rent to him.

Or any other options I’m not thinking of that would allow him to buy the house in the middle of a divorce? Thanks

Edit: I told him no thanks.

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11 months ago