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Buying a House Online? How to Get it Done in 15 Steps

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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.

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Sell Your House for Cash: For Some, the Convenience Can’t Be Beat

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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.

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Do I Accept the First Offer on My House, or Wait and See?

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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.

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Thinking About Writing a Love Letter to the Seller of Your Dream Home? It’s Not Always a Good Idea

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Pre-foreclosure or short sale transactions. Someone facing a foreclosure or who has negotiated a short sale with their lender could have a very negative reaction. Your best purchase price offer is a mix of the final number, earnest money, and perhaps paying some of the seller’s closing costs.