What are the pros and cons of selling a home and leasing it back from the buyer for about a year?

For the seller, a fair-market lease-back has little downside; the hard part is finding a buyer who can actually do it. The extra risk in these arrangements sits mostly on the buyer's side, so your real challenge is the buyer pool. Most buyers intend to move into the home themselves, and there is a financing reason they cannot wait a year: owner-occupied loan programs generally require the buyer to occupy the property within 60 days, so a year-long lease-back rules out anyone using owner-occupied financing. That pushes you toward a cash buyer or an investor, which narrows the field considerably. A seller who wants to stay for a year eliminates a large share of typical buyers before the home even hits the market. If you do line one up, expect to give a price concession. The buyer's money is tied up while they cannot occupy the home, and the lease payment often will not fully cover their carrying cost. It can work. It just takes the right buyer and a price that accounts for the inconvenience.