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Reply to "Having cold feet about a house because of renting back"
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[quote=Anonymous]We toured a house that fits 80% of what we like in a dream house and have been thinking of putting an offer in. As we are thinking of the number, we start having cold feet about it. The seller asked to close late and want a rent back for 2 months. We realized that 1)would make it hard for us to sell our current place 2) we started having a sense of the market is changing, not as hot as before. At least, we have become more hesitant to add much over the listing price, while before we always had to add 100K and still lost the bid. Is people doing the rent back thing because they are trying to catch the heat and make the most $ out of it?[/quote]
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