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The share of owner-occupants buying foreclosures has doubled — here’s why

Housing Wire

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. I rented back to the previous owner, and they are still the tenant.

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How to Sell Your Home With a Rent-Back Agreement

HomeLight

You have options, such as a rent-back agreement, aka, a lease-back deal, that would allow you to stay in the home you just sold a bit longer to give you time to find a new place, to wait for the next home to be built , or to let your children finish the school year. What is a rent-back agreement?

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How Much Should You Sell Your House For? Insider Tips for Pricing it Right in 2022

HomeLight

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. They’ll advise you on how to clean and stage the house, and even guide you on some small renovations. If you’re not up for a renovation, don’t stress.

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Turnkey Homes for Sale Are Selling Fast in 2023

Marco Santarelli

Location Matters While properties that need major renovation and updates, like a new kitchen or bathroom and major systems, are not selling well, these problems can be overlooked if the home is in a great location. Buyers are always looking for improvements that have already been done.

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How Will Kim Kardashian West and Kanye West Divide Up Their Real Estate Empire?

Realtor.com

The couple also reportedly poured a ton of cash (upward of $20 million) into an extensive renovation over the years. It seems that Kardashian West owns the land in and around the house, but the actual structure belongs to her soon-to-be ex. Complicated! Wyoming ranch: West. Kimye’s ranch sits on 9,000 acres near Cody, WY.

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16 Tips to Win a Bidding War on a House

The Close

So, my broker coached her clients, the buyers, to keep their backyard renovations to themselves so as not to spook the sellers from completing the sale. She encouraged the buyers to express fondness for the home, even the parts they intended to renovate. Offer Rent Back The possession date is often a point of negotiation in any sale.

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Get Your Own Slice of the Big Apple: Buying a House in Manhattan

HomeLight

Painting and refacing cabinets in your new home are doable, but if you’re eager to make bigger home improvements after your purchase, know that many buildings only allow a few units to be renovated at a time. Getting the necessary approvals can take up to four months, so plan for this ahead of time. Inspections & attorneys.