Thank you, Thank you.... I got this today with Sellers Multiple Counter ...So if the sellers do not close on their replacement property by the time of COE on the one they are selling (buyers want to get moved in) can buyers back out? Or does escrow remain open on Sellers property until they find replacement? Does the buyers counter have to include rent back, or a date sellers must move out, in case buyers need to move in sooner than later.. I just was introduced to this form today. It is kinda a scary form for buyers, as if the sellers can stay on property until the close on their replacement property...
@@JoshPainterDrums got an sprp from sellers, they want 120 days. I don't think they'll get offer accepted on a new home with 120 days so don't want my buyers to be stuck. Trying to get them sell and get 2 months rent. They have better chances buying a new one with cash in hand.
Great straight to the point ! Appreciate it!
Thank you, Thank you.... I got this today with Sellers Multiple Counter ...So if the sellers do not close on their replacement property by the time of COE on the one they are selling (buyers want to get moved in) can buyers back out? Or does escrow remain open on Sellers property until they find replacement? Does the buyers counter have to include rent back, or a date sellers must move out, in case buyers need to move in sooner than later.. I just was introduced to this form today. It is kinda a scary form for buyers, as if the sellers can stay on property until the close on their replacement property...
So if a buyer accepts it, can they back out before the contingency is removed (if they find a new property)?
Yep!
@@JoshPainterDrums got an sprp from sellers, they want 120 days. I don't think they'll get offer accepted on a new home with 120 days so don't want my buyers to be stuck. Trying to get them sell and get 2 months rent. They have better chances buying a new one with cash in hand.
@@AaditSitaula Yeah, I'd accept but keep looking for my buyers and in meantime, maybe this one will work out.
@@AaditSitaula Also, this vid is 2 years old, form has been revised a bit. Essentially says the same thing, but I should do an update video.
@@morethanjustarealestateagent thanks
Good info 👍