Skip to main content

Brainstorming ideas for longer post-close posession than 60 days?

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?

submitted by /u/corymathews2011
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1djga84/brainstorming_ideas_for_longer_postclose/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

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/