December 23, 2022
Sellers: You can close on the sale of your home, take a breather and then move when it's convenient for you.
Last year over 65% of our transactions had a “Seller in Possession” after the close of escrow.
A Seller in Possession (SIP) period is intended to grant the seller a license to remain in possession of, and use, the property after the Close Of Escrow for short-term occupancy (i.e. 29 days or less).
A "SIP" gives sellers access to the funds and the extra time they may need to pack and move.
Buyers: Offering an SIP can strengthen your offer and put you ahead of the pack.
Benefits to Sellers:
Benefits to a Buyer:
Note: A “Seller in Possession” is not the same as a “Seller Rent-Back", which is a used for possession that is longer than 29-days.
Talk to a Coastwoods agent to find out how an SIP can be used to your advantage.
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You’ve got questions and we can’t wait to answer them.