I just got an offer on my condo in San Diego 92117. It is slightly lower than I wanted but with the changing market conditions it seems fair. Since I am selling my condo to get funds to put a down on a house I asked for rentback and they gave me 1-29 days after close of escrow. So this is the part that worries me. I basically have to find a house that I like and close on it within 2 months. To me it seems very likely that I will have to move twice unless I find something very quickly. There is more inventory popping up lately in some of the central areas in sd but it seems like for my price range (<900000) it is still challenging to find a place that is turnkey (clairemont, mira mesa, serra mesa). Can you guys quantify the risk that I am taking is it big and unnecessary, or is this just a normal part of dual transactions.
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/wciigb/offer_with_rentback/
Comments
Post a Comment