At CoreMark, we’re committed to delivering the highest level of service through every stage of the selling process. Our goal is simple: to help people get to their next chapter in one simple and seamless transaction.
One way we simplify the process is through a seller leaseback—a flexible solution designed to ease the transition between selling your current home and moving into your next.
Timing Matters
In a perfect world, your home sells just as your new one becomes available. The movers arrive, you hand over the keys, collect your proceeds, and step into your new space without missing a beat.
In reality, aligning the sale of your current home with the purchase of your next one can be a challenge.
Many of the people we work with:
- Haven’t yet found their next home
- Need proceeds from the sale to fund a down payment
- Are navigating competitive markets where homes sell quickly—often with multiple offers
Imagine you’ve found the perfect home and secured an accepted offer—but now you’re on the hook for a down payment before receiving funds from your home sale. That’s where a seller leaseback becomes a powerful tool.
What is a Seller Leaseback?
A seller leaseback (also known as a sale-leaseback or holdover) allows you to sell your home and then lease it back for up to 60 days after closing. This option gives you access to your equity while remaining in your home as you finalize your next move.
It’s more common than you might think—over 20% of sellers take advantage of leasebacks when transitioning between homes.
To learn more about market timing, check out our guide: Selling a Home in an Uncertain Market
How Our Leaseback Program Works
Our leaseback agreements are outlined in writing as an addendum to your original Purchase & Sale Agreement. Each arrangement is tailored to your timeline and needs.
Whether you need just a few extra days or the full 60-day leaseback, our team will help craft a plan that works for your situation.
Key Considerations
Time Frame
If your next home already has a closing date, setting the leaseback length may be simple. If you’re still searching, the 60-day option gives you additional flexibility.
Rent
We calculate rent based on daily proration using current market rates for principal, interest, taxes, and insurance (PITI). This is often lower than local rental rates, making leasebacks a cost-effective bridge option.
Insurance
Homeowners’ insurance typically ends on the day of closing. Our leaseback pricing includes property insurance, but we recommend securing renters’ insurance to protect your personal belongings during the lease period.
Security Deposit
A standard security deposit is held from your sale proceeds. You’re responsible for returning the home in the same condition as on the closing date.
Flexible. Convenient. No Extra Cost.
A seller leaseback is just one way we make selling simpler. It gives you access to your equity, provides breathing room during your transition, and costs nothing out of pocket.
If you’re interested in learning more or would like to take advantage of our leaseback program, speak with your transaction coordinator today.
