Grow your real estate investing business with the most competitive and transparent private lender for bridge loans (hard money, fix & flip, rehab, ground up construction), DSCR rental loans.

Private Lender for DSCR Loans and Fix & Flip Loans | OfferMarket

Private Lender for DSCR Loans and Fix & Flip Loans

## How you get paid:

 

When you sell your home, the title company, title attorney or real estate attorney will collect funds from the buyer and disburse funds to you, the seller. You will be asked by the title company or attorney's escrow agent how you prefer to be paid. Typically you can elect to be paid via wire or check.

 

## When you get paid:

 

Unless you're selling to a cash buyer, in which case you can receive your funds on the day of closing, it can take up to 2 business days for the closing agent to complete their post-closing process and disburse your funds. Do not expect to receive funds on the closing date (aka settlement date).

In nearly all cases, when you sell your home, the title company, title attorney or real estate attorney will collect funds from the buyer and disburse funds to you, the seller.

When you sell your home, how do you get paid? - OfferMarket

When you sell your home, how do you get paid?

Closing costs in a real estate transaction vary by state and county and typically range from 1% - 4% of the purchase price of the property. 

 

In traditional on-market (MLS) transactions, the seller and buyer split closing costs equally -- though if you want to make your offer more competitive you should consider offering to pay all closing costs.

 

In off-market For Sale By Owner (FSBO) and wholesale real estate transactions, it is standard for the buyer to pay all closing costs.

 

Buyers in off-market transactions are more likely to be investors who are more likely to have enough cash to offer a compelling value to the seller by paying all closing costs whereas on-market buyers are typically cash-constrained and trying to reduce the amount of cash they need to bring to the closing table.

In off-market For Sale By Owner (FSBO) and wholesale real estate transactions, it is standard for the buyer to pay all closing costs.

Who pays closing costs in an off-market, wholesale transaction?

Wondering what happens to tenants when a rental property is sold? When a rental property is sold, the buyer assumes the lease from the previous owner (seller) and is required to honor the terms of the lease.

 

When the lease agreement expires, what happens to the tenant depends on the *condition of the property*, *performance of the tenant* and the *objective of the buyer*. 

 

If the property is in acceptable condition (no major [rehab](https://www.offermarket.us/real-estate-glossary/rehab) is required), the tenant is current on their rent payments and abiding by the terms of the lease agreement, and the buyer is a rental property investor, the buyer will want to keep the tenant in place once the lease is up for renewal. In this situation, the buyer may raise rent to "market rate" if the expiring rent rate is objectively low and require at least a 1-year lease term.

 

If the property is in unacceptable condition or the buyer desires to conduct a major renovation, the tenant is not performing, or the buyer is looking to move into the property as their primary residence, then the buyer will issue a notice of non-renewal and a notice to vacate. Depending on local law, this can be 30 or 60 days from the first of the month.

When a rental property is sold, the buyer assumes the lease from the previous owner and is required to honor the terms of the lease. Read more in this FAQ.

When you sell your home, how do you get paid?

How you get paid:

When you get paid:

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