If a seller needs to remain in a property beyond the closing date, what can they do?

If a seller needs to remain in a property beyond the closing date, they can choose to lease the property after closing. This arrangement allows the seller to continue occupying the property while formalizing a rental agreement with the buyer. The lease terms, such as rent amount, duration, and responsibilities for maintenance, can be negotiated to meet both parties' needs.

Leasing after closing is a common practice known as a "post-closing occupancy agreement," which provides a legal framework for the seller to stay in the home while ensuring that the buyer's ownership is respected. This option is practical for sellers who may need more time to move or who are waiting for their new home to be ready.

In contrast, other options listed do not effectively address the seller's intention to remain in the property. For example, purchasing the property back is not a typical or practical solution, as it would entail selling and repurchasing the same property, which is cumbersome. Transferring ownership to the buyer would contradict the seller's need to stay in the home. Vacating immediately is not feasible for the seller in this scenario, as the question explicitly states their desire to remain after closing. Therefore, leasing the property after closing is the appropriate response to the seller's situation.