HomeLight

MARCH 2, 2023

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Do they need to do a rent-back on the house, or do they want a quick close?

Closing

HomeLight

APRIL 17, 2024

If you accept Offerpad’s Express Cash Offer, you’ll pay a service fee that is 5% of the offer price plus 1% in closing costs. Opendoor charges a 5% service fee and an estimated 1% for closing costs. In normal home sales, many real estate agents are negotiating rent-back periods for home sellers.

Seller concession

HomeLight

MARCH 20, 2023

Offer to pay the seller’s closing costs. Closing costs for a seller represent a significant expense. It “sweetens the deal” to pay some or all of these costs. Allow the sellers to select the closing date. Offer to accept a rent-back agreement. Flexibility shows good faith.

Home sale contingency

Realty Biz

JULY 7, 2021

The type of contingencies that you might want to skip is for the seller to pay part of your closing costs or for a home warranty. You want to be able to get out of the deal if the inspection reveals major damage like dry rot or structural damage without nickel-and-diming the seller until they back out of the deal.

Inspection contingency

HomeLight

APRIL 21, 2022

Buyer flexibility : If the seller needs to postpone closing or defer moving , it’s incumbent upon the buyers to be flexible if they want their offer to be accepted. One solution might be a rent-back that would financially compensate a patient buyer if the seller needs more time to transition after the sale.

Inspection contingency

HomeLight

NOVEMBER 10, 2021

They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. A good agent will reach out to the seller’s agent and ask about non-financial perks, such as a flexible closing timeline or rent-back period, that could seal the deal.

Inspection

HomeLight

MAY 24, 2022

Ask buyers to rent back if you need more time to find the right property or rent another home until you do. Determine if you will recover selling costs amounting to 9%-10% of the sale price including agent commissions and closing costs. Waiting to sell if you recently refinanced.

Pre-approval

HomeLight

AUGUST 31, 2021

Not only can a full-price offer give you an edge over cash if it’s a low cash offer, but you can gain additional advantage by offering to pay closing costs.

Due diligence

HomeLight

MARCH 28, 2022

Also known as a seller rent-back agreement or a holdover , this allows you to stay in your home for a designated period ?of Essentially, it makes the buyer your landlord so you have time to rent or buy a new home and arrange for the movers to collect your belongings. of time after you sell.

Purchase and sale agreement

HomeLight

APRIL 19, 2021

Closing costs can range from 2.5% But working closely with your agent allows you to determine what else matters to the seller, like the timing of the deal, or possibly the opportunity to rent back the unit for a few months while they figure out their own next move. million in condos. Flood zones in the city?

Earnest money deposit

HomeLight

JANUARY 4, 2022

Dashner adds that cash buyers are much less likely to include requests for seller assistance with closing costs compared to offers with certain types of financing, which can also help improve the seller’s cash position. So once a seller has an offer on their place, they can write an offer on a new house.

Investor

The Close

FEBRUARY 6, 2024

For example, many agents ask sellers to cover closing costs for their buyer clients. If your buyers can pay for their closing costs, that could put them at the top of the heap. Offer Rent Back The possession date is often a point of negotiation in any sale.

Pre-approval

HomeLight

OCTOBER 12, 2020

She talked about the five parts of an offer: price, earnest money, down payment, close date, and what she calls the miscellaneous bucket. That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. I’ve gonna give them free rent back.

Agents

HomeLight

MARCH 22, 2021

She talked about the five parts of an offer: price, earnest money, down payment, close date, and what she calls the miscellaneous bucket. That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. I’ve gonna give them free rent back.

Agents

HomeLight

DECEMBER 15, 2022

For many of them, they want a short inspection period, such as three to five days, a quick close, i.e. 30 days, possibly a rent-back option , or for the buyer to waive the inspection or appraisal contingencies. Consider the seller’s closing needs. Lanham mentioned a rent-back period, or a quick close.

Inspection

Housing Wire

APRIL 23, 2025

We can close as fast as (date) if the sellers want! Offer a rent-back If the sellers want more time and the buyers are ok with it, offer to do a rent-back, also known as a leaseback. This is when the sale closes, but the sellers dont move out right away. What date works best for them?

Inspection contingency