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Added for You - Should You Allow Buyer To Rent During Closing?
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3. Buyer is in the home for two months and comes to the closing table with a long list of needed repairs he has discovered during residency.
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You're a bad guy if you refuse and often in hot water of you agree. Here are the potential problems with renting before closing:
1. Buyer is in the home for two months and then the potential lender decides the buyer can't qualify for the mortgage loan. Now that's bad news!
2. Buyer is in the home for two months... gets a bad case of buyer's remorse and wants out of the deal. Now that's bad news!
3. Buyer is in the home for two months and comes to the closing table with a long list of needed repairs he has discovered during residency.
If you are list building (and you should be list building) you should be using squeeze pages. A squeeze page is a web page that has as its only function the opting in of your visitors. That means nothing should be on your web page except for content and your opt in box. No Adsense, no PPC, n
You're a bad guy if you refuse and often in hot water of you agree. Here are the potential problems with renting before closing:
1. Buyer is in the home for two months and then the potential lender decides the buyer can't qualify for the mortgage loan. Now that's bad news!
2. Buyer is in the home for two months... gets a bad case of buyer's remorse and wants out of the deal. Now that's bad news!
3. Buyer is in the home for two months and comes to the closing table with a long list of needed repairs he has discovered during residency.
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1. Buyer is in the home for two months and then the potential lender decides the buyer can't qualify for the mortgage loan. Now that's bad news!
2. Buyer is in the home for two months... gets a bad case of buyer's remorse and wants out of the deal. Now that's bad news!
3. Buyer is in the home for two months and comes to the closing table with a long list of needed repairs he has discovered during residency.
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2. Buyer is in the home for two months... gets a bad case of buyer's remorse and wants out of the deal. Now that's bad news!
3. Buyer is in the home for two months and comes to the closing table with a long list of needed repairs he has discovered during residency.
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3. Buyer is in the home for two months and comes to the closing table with a long list of needed repairs he has discovered during residency. Now that's bad news!
4. Buyer is in the home for two months during which time he does serious damage to the property and then disappears. Now that's bad news!
Is there any good news? Well, you are getting rent money for those two or so months.
Let's check the score card:
Bad News = 4 Good News = 1
I would say that the investor comes out on the short end of that game. Let's agree that the only time you rent during closing is if you are in dire need of that rental income.
If you must rent then you must carefully prepare a lease agreem
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