Housing Wire

AUGUST 10, 2023

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. Department of Housing and Urban Development (HUD) in August 2022.

Renovation 350

Renovation Development Rent back Principal 350

HomeLight

APRIL 27, 2022

Work with a top agent to develop a strong pricing strategy. We might need what we call a leaseback,” or a rent-back , in which the seller leases the house back from the buyer until their new home is ready. A top agent can develop a strategy that will help you list your house at a higher price. Get Estimate.

Renovation 98

Renovation Agents Sales Rent back 98

HomeLight

APRIL 19, 2021

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. A top agent will help you remain competitive even in a cash market. Flood zones in the city?

Earnest money deposit 62

Earnest money deposit Inspection Due diligence Agents 62

HomeLight

JULY 29, 2022

Transition via rent back. If your home sells before you find one to buy, you can opt for a “ rent back ,” also known as a sale-leaseback, holdover , or “possession after closing,” in which you rent your home from the new buyer for a specified period of time, usually no more than 60 days. How to make it work.

Debt-to-income ratio 109

Debt-to-income ratio Loans Rent back Equity 109

HomeLight

FEBRUARY 28, 2022

As Ruiz states above, it’s not uncommon these days for a seller to ask for either a rent-back option, where they rent the property back from the buyers for a period of time, or to make it a condition of the sale that they have 30 or more days after closing to actually vacate the house.

Equity 119

Equity Debt-to-income ratio Closing Loans 119

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. Local agents also know the housing stock in the area — including which builders built which local developments, the common issues in their homes over time, or the most desirable new areas.

Inspection 87

Inspection Title Agents Pre-approval 87

HomeLight

JANUARY 28, 2021

Another option may be to negotiate a rent-back agreement with a buyer to stay in the home an additional 30-60 days past closing, giving you the time to line up your next place. There are just too many new and beautiful developments in Boston, and the city has so much to offer, it’s an incredible place to live,” Tokos says. “I

As-is 103

As-is Purchase and sale agreement Agents Equity 103