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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
I'm just not meant to buy a house...
So we fell in love with a house in Lewisberry. We were all set to put an offer in on it, and then the selling agent said the owners wanted to close the end of March and do a lease back for "a month or two." Umm... no way. No how. Why would I have the house in my name, the homeowner's insurance in my name, and then let them live there? They could trash the place or torch it, and it'd be in my name - my responsibility! And God forbid someone got hurt and sued me - it'd be my house and my liability! So instead of closing the end of April and not having to lease back, they're insisting on closing the end of March and doing this lease back. I said "sorry - deal breaker" and walked away. They've been complaining to my agent all day. I don't think that I'm being rediculous - I've got valid concerns and they're looking at DH and I like we're nuts. Both our parents said they would never consider that either. What do you think?
Re: I'm just not meant to buy a house...
Good luck with your house hunt!
I agree with Jill though, unfortunately it's not uncommon especially when people are moving into the next house and they are contingent upon when they can get in. I agree with you that I wouldn't be comfortable with it personally but it's not unheard of to ask it.
On one of the final homes we were not considering before we found the one we bought, this was the issue with the sellers as well. For them, it was because of the timeline on their new house that they were moving in to. We ended up not putting an offer in on it since we found our current home, so I didn't have time to really think about it, but I think it can be more common than what they're used to. Also, maybe they are hesitant to close later if they're afraid you could pull out. Not that you would, but given the economy, maybe they are just trying to make sure they have their house sold and having funding that is needed to close on the next deal.
?That being said, go with your gut. I'm not sure I'd be 100% confident without knowing them well and understanding the reasons behind it.?
If you really love the house and you're not in a big rush to move, I'd say don't walk away just yet...
Your lease agreement would cover you with regard to any damage they may do, although it's unlikely. In fact, since you'd in essence be renting to them, you, as the landlord and owner, can set inspection standards and penalties for when they move. Your realtor or settlement attorney should be able to draw up a pretty standard lease agreement that would put any liability for damages during the lease period on the current owners.
In any case, good luck and don't give up hope!