Skip to main content

Seller rent back after closing advice needed

We just closed on the house but we were so "generous" that we gave our sellers 25days rent free so they could move out in peace (they were buying their house with the money they got from the sell and they are also planning to do repairs in the new house). Of course now its bugging me because what if they cause damages to the house before they move out (at the end of the day its no longer theirs) or what if they overstay. We have to camp in airB&B until they leave. I feel that I own the house I cant even go to and while I am aware we agreed to it on the contract (sellers market, make your offer attractive to get the house..) it bugs me a lot now. I wanted to ask if this is a typical situation and maybe I am just overexaggerating and how to approach seller and when? I am hoping they dont need 25 days to move out and maybe will be out after 2 weeks. But I dont want to keep on calling them. Also not sure if it's a good idea for a buyer to approach seller directly? Our agent is suggesting to wait a week or two and then he said he would give them a call.Would appreciate any advise on that thanks.

submitted by /u/RelevantDisk
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/l91tuk/seller_rent_back_after_closing_advice_needed/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

Co-signing as non-primary resident - effect on size of required downpayment & first time home buyer status?

Contemplating co-signing on a house with my mom and splitting the mortgage payment. I currently have a significantly higher income and much better credit than her. I'm looking at potential home costs and related downpayments but have difficulty using some of the online estimators. From my perspective, this would be somewhat of an investment purchase (I intend to stay in my current location in a different state and contribute to the mortgage), however, for my mom, this would be a primary residence. For purposes of the downpayment size and the type of mortgage arrangement, would it be an investment property or a primary residence? Many thanks for any help. submitted by /u/piercalicious [link] [comments] source https://www.reddit.com/r/RealEstate/comments/km4hvl/cosigning_as_nonprimary_resident_effect_on_size/
Post a Comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more