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 63

Earnest money deposit Due diligence Inspection Agents 63

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 99

Seller concession Inspection Rent back Closing 99

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 90

Inspection Title Agents Pre-approval 90

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 95

Closing Earnest money deposit Sales Inspection 95

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 93

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 93

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 98

Pre-approval Equity Agents Closing costs 98

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 98

Investor Finance Inspection Sales 98

Realtor.com

OCTOBER 29, 2020

If you’re getting a loan, one of the best ways to prepare is to thoroughly review your closing disclosure , also known as a HUD-1 settlement statement. the interest rate and duration), and additional fees you’ll pay, called closing costs (which account for anywhere from 2% to 7% of your home’s price).

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

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 107

Inspection contingency Home sale contingency Pre-approval Agents 107

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 114

Purchase and sale agreement Equity Agents Staging 114

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 73

Agents Inspection Inspection contingency Pre-approval 73

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 98

Agents Inspection Inspection contingency Pre-approval 98

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 92

Inspection Closing Rent back Agents 92