Noticing Sellers Asking for Long Closing Times

[Anonymous]

We’re house hunting and noticing some sellers seem to be asking for unreasonably long times to close. Asking to close 4-5 months out doesn’t seem reasonable to me. Why aren’t they just waiting to list their house?

[Anonymous]

They want the money to buy a new house and don't have the money for a downpayment otherwise. 30 days, don't close till they are out. They can rent somewhere.

[Anonymous]

Anonymous wrote:They want the money to buy a new house and don't have the money for a downpayment otherwise. 30 days, don't close till they are out. They can rent somewhere.

How? They need to close to get the funds right? How does that help?

[Anonymous]

Or they're worried that the house will take a long time to sell given the high interest rate environment. So they list in the hot spring market recognizing that it could be sold quickly or slowly, but wish they could stay a bit longer than the 2 months post contract. That's what happened with my elderly parents. Their house went quickly and they were surprised.

[Anonymous]

Boomers with lots of sh#t in their house go sort through.

You can’t do a rent back for more than 60 days after closing if you’re financing. Are they asking you to push out closing for 60+ days and then rent back another 60 days? That’s a long and expensive rate lock.