Keeping Current Matters

JUNE 21, 2021

An agent can help you consider what levers you can pull that might be enticing to a seller, like: Offering flexible rent-back options to give the seller more time to move out. When it comes to buying a house, you’re looking for the perfect place to call home. Here are five things to keep in mind when you’re ready to make an offer.

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Housing Wire

AUGUST 10, 2023

The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is prompting more retail buyers to take on the additional challenges that come with buying a distressed property at auction. My wife and I currently live in an Auction-purchased home,” said Dwayne, a survey respondent from Maryland.

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HomeLight

JANUARY 28, 2021

A report from CoreLogic recently revealed that homeowners enjoyed an average annual equity gain of $17,000 in Q3 2020, pushing equity levels to record heights nationwide. But as home prices across the country surge, so do intense waves of coronavirus cases. Others may still feel skittish about listing while infection rates remain so high.

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Windemere Buying

NOVEMBER 21, 2022

Rent-Back Agreement. A rent-back agreement (also known as a sale lease-back) is tailor-made for homeowners who are buying a home while selling their current one. The money collected from sellers’ rent payments is an obvious bonus for buyers. 7 Signs You’re Ready to Buy a Home. Tenancy In Common.

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Realty Biz

MAY 16, 2021

A lot of home sellers have tried to get around the problem by asking for a leaseback or rent-back agreement after the transaction has closed, to give them more time to find a new home. Such an option enables the seller to rent the home back from the buyer for a specified period of time at an agreed upon rate. “I’d

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Sotheby's International Real Estate

MARCH 19, 2021

How a “Rent Back” Could Help You Win the Bid on Your Dream House – Apartment Therapy. Telluride, Colorado | Dan Dockray, LIV Sotheby’s International Realty . Tom Cruise’s Action-Packed Colorado Estate Lists for $39.5 Million – Wall Street Journal. Most Expensive Home in Puerto Rico Sells for $30 Million – Mansion Global.

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HomeLight

JUNE 30, 2021

If the contingency isn’t met, it usually means that you can drop out of the purchase and get your earnest money back. Whatever your reason, if you currently own a home, it can actually make it harder to shop for a new one! This is why many buyers make offers on their new home that include a sales contingency. What is a contingency?

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First Team Real Estate

MAY 21, 2021

Offer to Rent Back to the Sellers. A great way to sweeten your offer without crushing your finances is to offer the home seller a month of free “rent” so they have time to find a new home before moving out. Work Fast to Get Your Home Offer Accepted. Run the numbers and make the offer ASAP. Don’t let fear slow you down.

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Realtor.com

DECEMBER 10, 2020

One example would be closing earlier and offering the seller a short rent back to allow them an easier move into their next home,” Dibble says. Of course, price is important when you’re buying a home. But it’s not the only negotiable part of the sale—there are plenty of other ways to haggle aside from list price. “In Time to close.

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HomeLight

APRIL 22, 2024

You’ll be asked to move out by the agreed-upon date, or some companies will approve a short rent-back period. Sell Your House Fast in Burbank With a Cash Offer Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in 24 hours and close in as few as 10 days.

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Realtor.com

OCTOBER 29, 2020

If something is wrong, you can request that it be fixed—or you can back out of the sale. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Clear the title. As the home buyer of this piece of real estate, you’re entitled to choose the title company.

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Realty Biz

MARCH 5, 2021

In addition, sellers may try to negotiate a rent-back agreement with the buyer to give them more time to shop for a home. With the current high market demand for homes and slim housing inventories, sellers have far more negotiating power than they’ve had in a long time, real estate experts say.

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RIS Media

APRIL 18, 2022

Allowing the seller to rent back for a specified amount of time. There’s no guarantee that the property you like will be available when you’re ready to make an offer. You’ll want to be sure you understand the current market and what houses are available. Look at recent sale prices, as well as neighborhood trends.

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Marco Santarelli

AUGUST 12, 2024

Clients are waiving home inspections, offering appraisal gap coverage, letting owners rent back, or even paying the owner’s property taxes for a year—anything they can do to make their offers stand out,” she explains. Oshkosh, WI Emerges as the Hottest Housing Market in the U.S. appeared first on Norada Real Estate Investments.

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HomeLight

OCTOBER 1, 2020

But after the appraisal, the tides have turned — the price initially seemed right, but the appraiser doesn’t feel the same way. So, what can you do? Do you know how to negotiate with a seller after a low appraisal? However, there are many options that allow you to turn things around so you can come out on top and still snag that dream home.

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The Close

APRIL 28, 2022

Once the property is purchased, the buyer rents the property from Homeward until their loan is finalized. While losing a deal to a cash offer might not hurt as much as getting punched by Mike Tyson, it’s still frustrating for your buyers, and more work for you. Here’s how it works. There is a charge for this service. Don’t do this!

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First Team Real Estate

MAY 25, 2021

Southern California home prices hit an all-time high this April as the hot seller’s market got even hotter. According to statistics from DQNews, median home price increased 20.2% year over year to a record $655,000, across Southern California including LA , Orange , Riverside , San Bernardino , San Diego , and Ventura Counties. to $700,000.

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HomeLight

AUGUST 17, 2022

If you’re thinking this all sounds very back-and-forth — so the Fed wanted us to spend money during the past two years but now we’re supposed to spend less? Though mortgage interest rates have taken a recent dip amid recession concerns, it’s no secret that these numbers have been climbing since the historic lows we saw in 2020 and 2021.

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HomeLight

APRIL 17, 2024

In normal home sales, many real estate agents are negotiating rent-back periods for home sellers. Opendoor charges a daily rate which is calculated based on: home value, utility costs, and days of rent-back. Opendoor charges a daily rate which is calculated based on: home value, utility costs, and days of rent-back.

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Realtor.com

JUNE 4, 2021

Some sellers negotiate rent-back agreements, so they can stay in their home for a month or longer after selling while they house hunt. Chase Robertson The housing market is so hot that some homeowners have become afraid to sell. In more normal times, first-time home buyers move into starter homes. Cori Prainito. “It Mr. Pettiford said.

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HomeLight

AUGUST 16, 2022

We’re (somehow) more than halfway through 2022, which has given interest rates plenty of time to adjust as the world eases back into normalcy following the worst of the Covid-19 pandemic. We’ll get into more details shortly, but it is safe to say that market activity is to blame (or thank!) for mortgage interest rates at any given time.

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RIS Media

JULY 8, 2021

Agents can help buyers write the very best initial offer by contacting the listing agent to find out their preferred terms for closing dates and occupancy, rent backs if necessary, financing or cash options, so that they can put the best terms in their initial offer. Over-prepare on pricing strategies in advance.

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HomeLight

FEBRUARY 28, 2022

In a perfect world, you can put your current house on the market, sell quickly to get your equity out of your home to use for a down payment, and find your next dream home just as quickly. In the real world, however, it’s not always that easy, and you can usually expect some overlap as you navigate how to sell and buy a house at the same time.

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HomeLight

APRIL 28, 2022

When you’re selling a house, finding a buyer means you can start thinking about the next big step: actually moving. This includes packing up your stuff, booking a trustworthy mover, and getting everything to your new home. Follow these expert moving tips and packing advice for a smooth transition. Always book early, when possible. Packing tips.

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HomeLight

JULY 29, 2022

Timing is critical in all things, but it can be especially challenging when it comes to real estate. Deciding whether to sell your home before buying a new one is a difficult decision. It could land you in temporary housing if you haven’t found a house to buy. That means two moves, which is nobody’s idea of a good time. In a buyer’s market.

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Real Trends

MARCH 3, 2022

If you have clients that are thinking about offering, keep in mind that the offers we have already received are well above list price, have waived inspection and appraisal, and are willing to honor the Seller’s request of a free 60-day rent-back.” Here are a few techniques and tips to keep in mind as you go to battle.

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Realtor.com

SEPTEMBER 18, 2020

and American Homes 4 Rent , are up 79% and 59%, respectively, since stocks bottomed on March 23. Other home-rental operations have also sold nearly $6 billion of rent-backed bonds, including three deals presently in the market, according to Akshay Maheshwari of Kroll Bond Rating Agency.

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HomeLight

MARCH 31, 2022

Inspection contingency: This grants the buyer the right to have a professional home inspection, and then allows them to renegotiate the price, ask the seller to complete repairs (neither of which the seller is obligated to do), or back out of the contract entirely if the inspection reveals more dramatic issues. What is a contingency clause?

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Realtor.com

JANUARY 6, 2021

Getty Images/ Ian West - PA Images; realtor.com; Google Maps 2021 is starting off with a big-time celebrity shake-up: Kim Kardashian West and Kanye West are getting divorced. Another source says West has become increasingly frustrated with the Kardashian family’s reality TV star lifestyle.

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HomeLight

SEPTEMBER 23, 2021

In Vegas, Alessi says that the summer and fall are the best times to list: “Usually, when the kids get back into school , it frees up time for parents to sit down and really think about trying to find a home. . The time of year and market conditions you list your home in can significantly impact your sale speed and price.

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HomeLight

NOVEMBER 30, 2023

They’ll know what sellers are asking for in your area — from rent-back periods to an extended close date — and what could make your offer stand out. For a buyer who’s never experienced this step in the journey before, it’s a stressful and exciting moment: If the seller likes your offer, you’ll be a homeowner soon!

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HomeLight

APRIL 29, 2021

And don’t forget clutter in your front and back yards: 62% of agents surveyed by HomeLight said clearing exterior clutter is critical , particularly for listing photos and virtual tours. Do you need interim housing, a specific closing date, or a seller rent back ? As it turns out, selling can be tough — overwhelming, even.

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HomeLight

JANUARY 7, 2022

We’ve talked to veteran real estate agents to build an end-to-end guide on how to buy a house while selling your own. So, instead of stressing your way through two sales, you can set yourself up for success and have your bags packed for your new home in no time. Enclave Team. Real Estate Agent. Enclave Team. Real Estate Agent at RE/MAX Results.

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HomeLight

MARCH 28, 2022

As the Great Resignation causes many Americans to reassess their work situations, career exploration is on the rise and that sometimes means relocating within the country or seeking out global options. But packing up your belongings and starting a new life in a different state, coast, or overseas on a tight deadline is no easy task. Request Offer.

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HomeLight

APRIL 21, 2022

Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. Eventually, the call comes. Should you take the first offer on your house? It depends. Here are a few: It’s an all-cash offer with no lender involved.

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Redfin

MAY 7, 2021

You can also consider requesting a rent-back agreement from potential homebuyers. A rent-back agreement means that the homebuyer purchases your home and you rent it from them for a specified period of time. Homeowners in a seller’s market face a conundrum. It can be tricky to know exactly what path to take.

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HomeLight

MAY 24, 2021

Our expert-backed guide is here to help. Your budget is $300,000. You see a house you love, and it’s listed at $300,000. Perfect match, right? Not so fast. If you’re looking to buy in 2021, then you already know that the market is white-hot. Home sales have skyrocketed, and home inventory is historically low. Source: (Jodie Cook / Unsplash).

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