We just had the sellers kill the deal during attorney review because they got nervous that they wouldn't find a new place in time (older couple, don't know if they want to buy or rent or what). We signed a contract that would allow an august closing and then a 60 day post close posession, giving them until October to find something. Apparently their attorney got in their ear about the post close posession and that it could create headaches for them if we try to kick them out, and they killed the deal. We tried to offer delaying the closing date, but they didn't like that either because more risk. They said they wanted to find a place first and would then re-list it. Obviously this is disappointing in this market as we were being extremely flexible and were offering them any terms they want. We were thinking of writing a separate contract that would allow them to have a longer post-close posession if they need to and leave it off of the main contract. We will do whatever they need, we just want the house. Apparently banks can throw a fit for a post close posession longer than 60 days. Anyone have any ideas on how we might tweak an offer to make it work for them?
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source https://www.reddit.com/r/RealEstate/comments/1djga84/brainstorming_ideas_for_longer_postclose/
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