Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc.  - Denver Real Estate - 720-231-6373)

Spam prevention
Rainmaker
2,683,652
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

If Real Estate was a dog, I would say its running around off the leash. However, it still comes home! Let us remember that the driving core force of all deals are negotiations. EVERYTHING is and still remains negotiable 

Jul 22, 2022 11:55 AM
Ambassador
3,145,350
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

"Free" 60-day Seller rent backs were expected in my market.  Let's see what happens as the tides shift. 

Jul 22, 2022 10:29 AM
Rainmaker
1,000,443
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Sellers were frequently proviced rent free post-close occupance after COE so they would have time to buy and close on their next home. By providing this gratuity to the seller, the buyer made their offer more attractive.

Now, with the market changing, we may see sellers paying rent-back money to the seller, thus making the post-close occupancy less attractive.

Jul 22, 2022 10:15 AM
Rainmaker
961,963
Peter Mohylsky. BRIX REALTY
Brix Realty - Destin - Miramar Beach, FL
BRIX REALTY -DESTIN

Not a big fan of pre closing or post closing occupancy.

Jul 22, 2022 09:49 AM
Rainmaker
4,432,078
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I wasn't seeing those in the first place. Can't think of a single transaction in the past two years where seller got a post occupancy agreement. 

Jul 22, 2022 09:39 AM
Rainmaker
687,623
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

It's great to see the days of ridiculous demands from sellers being in the rearview mirror.  We were seeing demands that were unreasonable and the terms being complied with and even exceeded.  Sit and Wait, cooler heads eventually prevail.

Jul 22, 2022 09:35 AM
Rainmaker
1,424,800
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Those were common out here when people had to sell first so they could compete with the cash buyers and those that have been waiting on the sidelines since their home sold.

I haven't seen a mention of those in the MLS in quite a while.

Jul 22, 2022 03:41 PM
Rainmaker
1,346,364
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

We average 75% closings need a rent back and 29 days or less is typical, 60 days is uncommon but, happen still.

Jul 22, 2022 02:43 PM
Rainmaker
417,777
Shayne Stone
HomeSmart - Fulshear, TX
"Your Rock Solid Choice Realtor"

In Texas, we simply do a Lease Back option. But knock-on wood, I haven't done one in over a year now!

 

Jul 22, 2022 10:21 AM
Rainmaker
2,124,582
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Every real estate market behaves differently. Not seeing any post closing occupancy and lots of affordable housing or not so expensive to build where lumber, building materials are way way cheaper. Might have a few "need use of the garage till the weekend after a closing" situations but house possession is ready or who is buying is "not going to be here for a year in the gotta sell my house now that I bought one in Maine" scenario Joan Cox .

Jul 22, 2022 05:29 PM
Rainer
301,737
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

90% second homes in my market, so not ever needed much.

Jul 22, 2022 02:24 PM
Ambassador
4,721,332
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

They have been common in my area but that may be shifting a bit.

Jul 22, 2022 02:10 PM
Rainmaker
5,263,206
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

In today's MLS we are seeing Sellers offerine thousands to buyers to buy down their interest rate.   Showings are getting slim!

Jul 22, 2022 10:55 AM
Ambassador
3,071,066
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

It's rare in my market.  Think we've had two in the past three years.

Jul 22, 2022 08:15 PM
Rainmaker
808,261
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Not as much. A lot of it has to do with the fact school is out. Many of our sellers want to have the security of selling in the spring but not having to move until school is out. Of course, some have to do with people waiting for their home to be built. I only have one seller still in his house waiting for his new house to be complete. 

However, I do think we'll see less of that for a little while.

Jul 23, 2022 05:52 AM
Rainmaker
4,508,476
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

In the early 70's in Illinois, the contract provided occupancy after closing in the first few paragraphs. By the late 80's occupancy at closing was normal. The pendulum swings!

Jul 23, 2022 05:02 AM
Ambassador
5,697,346
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Sellers may be getting a little less demanding as uncertain times approach.

Jul 22, 2022 10:25 PM
Rainmaker
584,557
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 602.710.8161 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

I stopped seeing the rent back agreements around May. Now we see a lot of concessions the Sellers offer to Buyers, especially rate buy-downs.

Jul 22, 2022 05:52 PM