What struck me – they want to rent at YOUR costs… I’m not sure if your sales price is higher than your purchase price – and chances are your prop taxes are lower than theirs will be… Why should they benefit by renting at *your* costs… not what their costs *will* be.
My friend was in this situation in the 90’s. They were selling for 40% higher than their purchase price. They agreed to rented back to the buyers at their costs… and then the buyers dragged their feet getting the paperwork for the mortgage done. Why should the buyers be motivated since the rent covered the sellers cost – but was a lot lower than the costs when they’d purchased. My friend had to file an eviction notice to get the buyers motivated to get the loan.
