Ever heard of a house sale with a buyback provision? Any thoughts?

I'll be moving soon but will likely return. My options one are to leave my place vacant, rent it, or sell it.

Due to the unique and attractive qualities of my house, I''m exploring a fourth option: selling my place with a buyback provision. I think in terms of the stock market and this is like selling stock and buying a call option.

Anyway, how difficult would it make selling? Scare people away because it is uncommon, or possibly be attractive for to the y terms? And because of how uncommon it is, what kind of terms could I expect?

Here's an example. Let's say my home is worth $500k. I want to sell it now with a buyback provision such that I can buy it back in 5 years.

It could be a discount or a premium structure, like bonds.

A. I'll sell it to you for $350k today if I can buy it back at the same price (or perhaps something higher) in 5 years. If I don't want it in 5 years, then you keep it at this awesome price. If I want it, you'll have had 5 years with an underpriced mortgage.

B. I'll sell it to you today for $500k, but I have the option to buy it back in 5 years for a premium at $600k (or market rate, or the greater of these or whatever).

I think A would be more appealing as a buyer since I get immediate benefit. My risk as a buyer is that I need to house hunt in 5 years.

For any agents, have you seen these provisions in the wild before?

submitted by /u/wsc-porn-acct
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/10gtwvl/ever_heard_of_a_house_sale_with_a_buyback/