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Tips To Seal The Deal On A Home
Tips To Seal The Deal On A Home
When you’re trying to negotiate on buying or selling a home and one of the involved parties won’t budge, here are a few practices real estate agents use to move the process along. Try these tips and see if you can move forward and close the deal.
 
Rent-Back
With housing prices at a high and the moving process being a notoriously daunting one, sometimes the seller needs to act on an opportunity to make a sale but isn’t quite ready to pack up and leave. A common practice in this case is for the buyer to allow the seller to stay put when the escrow closes for an agreed upon period. In exchange, the seller rents out the home he once owned, paying money to the new owner – usually the monthly mortgage.
Sometimes, buyers will even offer a free-of-charge rent-back, as oftentimes, the date of closing isn’t the same date they’ll move out of their current home, meaning rent and new mortgage costs might overlap. Taking advantage of a rent-back eliminates this excess expenditure while allowing both parties to take their time in the moving process.
Buying Down Interest Rates
Let’s face it: sometimes, the amount of money a mortgage ... more

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