In real estate, timing is a critical ingredient that can shape the sale of your home. The timeliness of a lender to process a loan and even the availability of local contractors to fix things required by an inspection can drive or relocation logistics can delay the closing date. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know there are a few things you can consider as you and your agent work to set closing and move-in dates. Do you have your loan in hand and the flexibility to move out of your current home? If so, depending on the seller’s situation, this could give you the upper hand in the negotiation process. Your agent may be able to feel out the seller’s urgency to sell and determine if they might accept a lower offer for a faster settlement.
Asking for a delayed settlement date, longer than 30 or 45 days, is another option, but generally this is less appealing to the sellers. Each day is another opportunity for something to go wrong that could kill the deal. Closing quickly and then renting the home back to the seller can make the schedule work for buyers or sellers who might not be able to pack up and move immediately. If you consider the rent-back route as a buyer, work with your agent to develop a solid rental contract that spells out liability. Check out below to see what sold in Arcadia Ridge in May 2016:
48878 Freestone Drive, Northville: 4 bedrooms, 2.1 bathrooms, 2,734 sq. feet, 2 car garage, Sold Price: $460,000
48871 Freestone Drive, Northville: 4 bedrooms, 3.2 bathrooms, 3,279 sq. feet, 3 car garage, Sold Price: $530,000
49064 Running Trout Lane, Northville: 4 bedrooms, 3.2 bathrooms, 3,206 sq. feet, 3 car garage, Sold Price: $550,000
With years of negotiating experience and an in-depth knowledge of the current local market, our Team can build a sales timeline that works to your benefit, both financially and logistically. For more information on Arcadia Ridge, or similar Northville or Novi neighborhoods such as Quail Ridge, Walden Woods and Timber Ridge, contact The DiMora Team today at 248-505-7728 or email@example.com.