Reply to How common are rent backs in this market?

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[quote=Anonymous][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]

Or, how about I sell it to the person who is happy to provide a 2 month rentback, and you can look elsewhere?

The reality is, for many people in this market a rentback is just as important as waiving any of the contingencies.  I'm not willing to pull my kids out of school to accommodate the buyer if I don't have to - and I don't have to.  You may not like it, but my response is (i) tough), and (ii) you are free to not make an offer.  We still have 9 others to choose from.

Seems like a strange hill to die on, though, as you are presumably looking to be in the house for a long time.  [/quote]

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