FAQ : What Is A Rent-Back Agreement?
At most residential real estate closings, after all the paperwork is signed and the final transaction check has been handed over, the new buyer is handed a set of keys to their new home. It’s all theirs! They now have the right to move in and possess their new home. However, some closings do not end so neatly. From time to time in our experience dealing with the Omaha housing market, we’ve had to deal with a situation where the seller wants to remain in the home after closing on the sale. This can happen for any number of reasons, but generally involves the seller’s new home not being ready for them to move in yet.
FAQ : What Is An “Offer Letter” And Why Do You Need One?
It’s not surprising that with the Omaha real estate market being so tight, most sellers want the most money they can get for their home (even over their asking price, in some cases!) and a quick closing. However, it’s also known that many sellers have built a long-term attachment to this major investment in their past - their family home. The memories made inside the house itself and in the neighborhood surrounding it are often a bittersweet pill to swallow when it comes time to accept an offer on the home the sell has built. Writing a letter to the tell the sellers a little about you and the attachment that you’re starting to form to their home, might give you an edge over other potential buyers.