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I am slightly north of Denver selling our home and would like to solicit some opinions.
We listed our house in this hot marketplace and the buyer offers $25k over the listing price. Now the appraisal comes back $10k over the listing price. They want to close at the beginning of June we did not want to move out until the beginning of July. This market is crazy, the house was on the market 4 days before we reviewed offers and accepted.
They are:
FHA approved
Loan rate expires in the beginning of June
They are verbal offering $2k over appraisal and allowing us to lease back (not sure of terms yet)
We:
Can move out early, but need to stick around until July
Anyone see issues with Leaseback if we close in June? Should we work terms on the leaseback?
What are the risks of leaseback? I kinda want to just wash my hands, move into a hotel and be done until we leave town. But there is some value I see of staying in the house until then.
Should we go back on the market and wait for buyers with more $$$?
Any other ideas?
Leaseback is a higher risk for buyers (new owners) than it is for you.
As far as waiting for the higher price - I wouldn't do it. It sort of depends on what other offers you had (I'm assuming you had more than one and chose the highest).
It looks like you are getting 12K over asking and a leaseback. I don't see how this is bad for you.
Leaseback is a higher risk for buyers (new owners) than it is for you.
As far as waiting for the higher price - I wouldn't do it. It sort of depends on what other offers you had (I'm assuming you had more than one and chose the highest).
It looks like you are getting 12K over asking and a leaseback. I don't see how this is bad for you.
Thank you both for your feedback. Hopefully this was not construed as bad. Just looking for some opinions. We are very happy about the overall situation, so my apologies if I presented it wrong.
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