How much do sellers have to pay in rent to stay in, once they sell their house?

Question

If the sellers need to stay a couple of months in their house, what is the normal rent to be paid daily? I know it ranges from "free" rent to any number... but on average????

Answer 1

What ever the Buyer agrees on but normally the higher of the two: amount of their mortgage payment ( PITI ) for the home they have just purchased or the current rent /mortgage payment the Buyer is having to pay to continue living where they are at until the Seller moves out.  Plus, a security deposit.

ps. never heard of a Seller getting to live in a property for two months "free"

Answer 2

most people take their total monthly mortgage payment and divide by 30. or make them pay two months at close and a per diem of the daily rate if they stay longer  

Answer 3

It is whatever the buyer wants to charge.  Seller either pays it or leaves on time.   One month is the most every given.  A buyer is nuts if they let the seller stay.  Who is responsible for damages, heat, utilities and so on.

Answer 4

Having been in that position (as both renter and seller), the rent is usually the mortgage payment.  Divide the new mortgage payment by the number of days in the month and that would be your daily charge.  If I am the buyer, however, I would not give the seller a "couple of months" - At best I would give 30 days and more preferably 15 days or less.  If someone is selling a house, they should be ready to move out.

Answer 5

The going rate in the area for renting a residence of that size and type.  

Answer 6

If a seller makes an arrangement to occupy after closing, a typical rent scenario would be the monthly mortgage payment of the new owner, monthly property taxes and monthly insurance total, plus about ten percent.

If someone does this for 'free', they are as naive as it gets.