Posted by Lubasha on November 03, 2010 at 23:41:29:
I cannot tell you enough thank you for your advice. I sent email to tax title services and hope they will answer this coming Thursday. Meantime would it make sense to offer the buyer to pay for their stay in motel for 2 weeks (my title company is asking buyer to extend contract for 2 weeks but we did not get answer yet)?
The house is in move in condition but it is not updated in full (old roof, windows, AC, cabinets and flooring is old terrazzo) but it is priced accordingly. My neighbor over there is a fellow investor and he is going to put kind of similar house on market for 145k but he is doing major rehab.
Point is that my buyer if occupy the house certainly will have many reasons to complain no matter that they get it in desirable location good size house and lot for cheap. I don’t anticipate to find myself in this mess.
Beside, that was my request to speed up closing for reason I mentioned in previous discussion (LLC or Land Trust? Or both?). That’s why I feel that I have at least to compensate their motel expenses.
Should I ad the clause on this part if they will agree to extend contract?