Community Answers

1. 

   4-30-11

   Real Estate Guy says:

   YES. We sold many homes where the builder paid closing costs AND 6 months of the new mortgage.

   There is a limit as to the amount a seller can pay. Usually 3 to 6%. Check with your lender.

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2. 

   4-30-11

   Ron Berue says:

   Tie-up the property for the amount of time you need.
   For example: Your lease expires August 15. You submit your sales contract next week. One of the contingencies should be words to this effect:
   “It is understood and agreed that the Buyer is currently leasing a property. That lease expires on August 15, 2008.

   It is further understood and agreed settlement/closing/escrow will be held on August 15, 2008. In the event the Buyer is able to be release from the lease, the Biter will notify the Seller’s agent, in writing, of the change in the lease term.

   It is further understood and agreed if the Buyer is able to go to settlement/closing/escrow, the Buyer will also notify the Seller’s agent of this as well.”

   THEN AFTER the agreement or sales contract is signed, you give the proper written notice – in accordance with the terms of the lease. Ask for an acknowledgment in writing. It also helps your cause if you can get an earlier termination of the lease. Ask for this in your notice. The VREY WORST answer you’l;l get is “Mo”/ Other than in love and romance, “No” never hurt any one, did it?

   TIP: THE PRIME rental season is from mid May through mid August. This is when children are out of school AND when folks take vaCATION.

   Once you get the acknowledgment and the release, then you can proceed.

   Its better to have more time than you need and go earlier to settlement, than it is to wait until the last minute and be under stress.

   Thanks for asking your Q! I enjoyed answering it!

   VTY,
   Ron Berue
   Yes, that is my real last name!

   for th

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