Housing Wire
OCTOBER 24, 2024
The most powerful evidence of equity stripping shows up in subsequent resales (flips) of pre-foreclosure purchases that occur within 30 days of the original pre-foreclosure sale — indicating the pre-foreclosure buyer would have little time to add value to the property through renovation. Sometimes the seller wants one month rent back.
Housing Wire
AUGUST 2, 2024
“The demand slippage in late Q2 could be an early indication that local community developers buying at auction are becoming increasingly wary of rising retail inventory, which represents competition for the renovated homes they sell or rent back into the retail market — typically within six months of buying at auction,” Daren Blomquist, vice president (..)
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Housing Wire
AUGUST 10, 2023
Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. I rented back to the previous owner, and they are still the tenant.
HomeLight
AUGUST 4, 2022
You have options, such as a rent-back agreement, aka, a lease-back deal, that would allow you to stay in the home you just sold a bit longer to give you time to find a new place, to wait for the next home to be built , or to let your children finish the school year. What is a rent-back agreement?
HomeLight
APRIL 27, 2022
We might need what we call a leaseback,” or a rent-back , in which the seller leases the house back from the buyer until their new home is ready. They’ll advise you on how to clean and stage the house, and even guide you on some small renovations. If you’re not up for a renovation, don’t stress.
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. You’ll want to know how long the current owners have lived there, whether it’s been renovated, and how long it’s been on the market.
Realtor.com
JANUARY 6, 2021
The couple also reportedly poured a ton of cash (upward of $20 million) into an extensive renovation over the years. It seems that Kardashian West owns the land in and around the house, but the actual structure belongs to her soon-to-be ex. Complicated! Wyoming ranch: West. Kimye’s ranch sits on 9,000 acres near Cody, WY.
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