Have you got a great house that you want to sell, but are holding back because you don't know where to move to? You've got options! Let's cover them today:
A Use & Occupancy Agreement is something the closing attorneys can put together to allow the seller to remain in the home for a period of time post-close.
Another option is to request a longer close, in addition to the standard 30-day close period, you can also request a 60 or 90-day close period. Just communicate that right away to help your lender plan for the rate lock date.
That's not all! The third option is to put your home on the market "subject to suitable housing". What does this mean? It means if you, (the seller) are unable to find a home to move into, you can cancel your current contract and withdraw your house from the market.
So don't worry if you don't have it all figured out yet! There are so many options, and I'm here to help!
