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Homeownership Terms to Know: Rent-Back Agreement, Joint Tenancy & More

Windemere Buying

Rent-Back Agreement. A rent-back agreement (also known as a sale lease-back) is tailor-made for homeowners who are buying a home while selling their current one. When co-buyers hold a title as tenants in common, shares of the property can be divided equally or unequally. Homeownership Terms to Know.

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Listing agents: Don’t ghost your sellers

Real Trends

When you’re the listing agent: Please don’t list and ghost. Keep that person looped in on the progress of the showing and offer period so that they can update interested buyers and their agents with up-to-date information, as dictated by your client. . It all rolls down from the listing agent, every time.

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How to Compete With Cash Offers: 10 Ways to Write Winning Offers

The Close

Luckily, beating a cash offer on a house is not as hard as many agents think. Many listing agents today will not review the offers for three to four days after the property becomes active. Some buyer’s agents believe the best strategy is to wait until the last minute before submitting an offer. Offer a Signing Bonus.

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16 Tips to Win a Bidding War on a House

The Close

I contacted the listing agent only to learn that all offers were due by 5:00 p.m. Offer Above Asking Price When your buyers are competing with others in a multiple-offer situation, and the listing agent is asking for the “highest and best” offer, it’s a good idea to suggest offering more than the asking price.

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What to Do Before Offering on a Home

RIS Media

Allowing the seller to rent back for a specified amount of time. Speak to your real estate agent about what to expect. You can expect the seller’s listing agent to require it as well. Your agent can help you get pre-approved for a mortgage in the current market. This one is a biggie.

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Reality Check: 9 Things to Expect When Selling Your Home

HomeLight

For expert insight, we spoke with Kurt Thompson , a top real estate agent and former president of the Massachusetts Association of Realtors®. ” Start by clearing off flat spaces like your kitchen counter — an essential task, according to nearly 97% of real estate agents surveyed by HomeLight. Open escrow. Hire a home inspector.

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Opendoor vs Offerpad: How Do These Homebuying Companies Match Up?

HomeLight

In normal home sales, many real estate agents are negotiating rent-back periods for home sellers. Opendoor charges a daily rate which is calculated based on: home value, utility costs, and days of rent-back. Offerpad will let you stay for three days after close. Better Business Bureau : 3.1 Trustpilot : 4.6