What are model home leasebacks?
Model home leasebacks in most cases are homes that are occupied and maintained by the builder’s sales staff. They use the home as a tool to sell and showcase their products. The model homes include all the amenities, features and upgrades available by the builder to entice potential buyers to build in their community. Typically, the upgrades can add an additional 20-30% to the base price of a home. You can buy the model home as equipped and then lease it back to the builder for a period of time, usually until the development is completed several years down the road.
