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These iBuyers are coming to a market near you

Housing Wire

A fury of iBuyer expansion hit the industry this week, with Redfin and Opendoor announcing new locations and Offerpad announcing Thursday it will go public. “We let homeowners choose their closing date and stay in the home after the closing through a rent back, so that they only have to move once.”

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Millions Are House-Rich but Cash-Poor. Wall Street Landlords Are Ready.

Realtor.com

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. Koch Industries Inc., Beyond that, investment firms Blackstone Group Inc., Morgan Asset Management and Brookfield Asset Management Inc.

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Buyers: Here’s Your Negotiation Strategy for When the Appraisal on a House Comes in Low

HomeLight

In 2020 especially, the economy is volatile, and the future remains uncertain for various markets and industries across the board, real estate included. Are you able to offer the seller more time to stay in the home, or suggest a rent-back agreement? Can you offer a rent-back agreement to the seller?

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Opendoor vs Offerpad: How Do These Homebuying Companies Match Up?

HomeLight

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. You can work with local industry experts to help you set your home’s price.

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What to Do Before Offering on a Home

RIS Media

Allowing the seller to rent back for a specified amount of time. Buyers are waiving a home inspection. Buyers are waiving their home appraisal or offering an appraisal gap guarantee. Getting rid of the mortgage financing clause in their offer. You may see some of these things or all of them before making an offer.

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When Should I Sell My House? 6 Tips to Help You Decide

HomeLight

Timing the market is challenging and is best left to industry experts: real estate agents. “So we do a lot of contingencies , rent-backs, and long escrows to try to make two transactions happen at the same time.” . “It depends on what the market’s like in the area and what the inventory is like.”

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Listing agents: Don’t ghost your sellers

Real Trends

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.”

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