negotiation: Rent-backs Reverse Desire to Find Walk-Through Items
- 07/04/18 06:53 AM
"Rentbacks," technically known as post-closing seller occupancy agreements, have a surprising way of reversing the motivation of sellers to have property condition issues identified in the walk-through just before closing. Usually sellers hope for to minimize the identification of any issues at the walk-through just before closing to avoid any last minute closing delays or at the table negotiations. When a rentback is involved, however it is essential for the listing agent to strongly encourage a formal walkthrough prior to closing resulting in a walk-through list signed by buyers and sellers at closing which documents the condition of the property … (0 comments)
Master negotiators: 550+ transactions last 12 years. 150+ bank-owned transactions 2007-13. Short sales listed, under contract, and buyer offers pending. First time buyer & investor specialists. MBA, MSE, MA Psychology.
"Rentbacks," technically known as post-closing seller occupancy agreements, have a surprising way of reversing the motivation of sellers to have property condition issues identified in the walk-through just before closing. Usually sellers hope for to minimize the identification of any issues at the walk-through just before closing to avoid any last minute closing delays or at the table negotiations.
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