Which kind of lease has no time limit?
Which kind of lease has no time limit?
A periodic tenancy allows the tenant to remain within the property for an undetermined period of time, as the lease has no set end date. The lease, however, typically stipulates when notice to vacate is required, and both parties are required to adhere to that clause.
How do you get a seller to accept a low offer?
How To Get A Seller To Accept Your Lower Offer
- Connect with a local Realtor. Rather than going it alone when you’re searching for the right property, hire a buyer’s agent who understands the local market.
- Learn the seller’s motivation.
- Make your offer attractive financially.
- Fine-tune your contingencies.
- Be prepared to negotiate.
What is a lowball offer?
What Is Lowballing? A lowball offer is a slang term for an offer that is significantly below the seller’s asking price, or a quote that is deliberately lower than the price the seller intends to charge. To lowball also means to deliberately give a false estimate for something.
Can a seller refuse to sell to someone?
Rejecting an offer is entirely legal as long as you do it for the right reasons. There are many reasons that are legally acceptable, including low offers and concerns about the buyer’s financial position. But sellers cannot discriminate against individuals protected under state and federal law.
Can a Ebay seller refuse to sell?
No, you don’t have a “right” to refuse to sell. (If you do refuse, you open yourself up to negative feedback and a defect on your account for it.) Your buyer has a “right” to receive the item that they bid on & won, though.
Can I back out from selling my house?
But unlike buyers, sellers can’t back out and forfeit their earnest deposit money (usually 1-3 percent of the offer price). If you decide to cancel a deal when the home is already under contract, you can be either legally forced to close anyway or sued for financial damages.
Can seller back out if appraisal is low?
The listing agent will typically ask if the seller will agree to reduce the price to the appraisal value, “which is what most buyers expect the sellers to do.” “But the seller may or may not agree to that, and the buyer options are to make up the difference,” she adds.
What happens if a home doesn’t appraise for sale price?
If the appraised value is less than the purchase price, lenders use that value to determine your LTV. Unless the seller agrees to lower the price, you will have to increase your down payment to get the same mortgage and interest rate. Buyer or seller requests an appraisal rebuttal (see below)
How do you fight a low appraisal and win?
Fighting A Low Appraisal Value
- Get your own copy of the appraisal.
- Look for mistakes.
- Look for comparisons that you don’t agree with.
- Make sure there are no permit issues.
- Create your own (unofficial) appraisal.
- Petition the appraiser for another appraisal.
- Take a hard look at the appraiser.
- Request another appraisal.
