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Reply to "How common are rent backs in this market?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Free rent back is a disgusting power play by sellers taking advantage of desperate buyers. Not just a financial burden for buyers, but a huge inconvenience as they are trying to manage a move with their own families. Most sellers are making tons of money from their home sales nowadays, so they could pretty easily afford to pay rent, or find temporary quarters, but they've chosen to fleece buyers above their inflated list price. Sellers: Buyers will smile at you and say it's fine, and they'll offer free rent back in their contract, but [b]never forget that the buyer knows you're fleecing them and thinks you're a total bastard for it.[/b][/quote] I can live with that. Doesn't bother me at all. Do you really think that people do, or should, care? Why? It's a business transaction. What you're basically saying is that sellers should knock ~$10k off the price. "Oh, you'll pay $980k? Well, let's make it $970k, so you'll like me. Grow up. [/quote] How about instead of knocking 10k off the price, how about getting the hell out of the house after you make 1M selling it? You're not doing it to make the buyer like you (the buyer will never like you), you're doing it to not be a total bastard. And if you don't care about that, then may the same happen to you.[/quote]
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