Home offer & concessions in high demanding market

[Tiffani T.]

Hi BP folks!

I am making an offer on a townhome that is fairly well priced in today’s hot, high-demanding market. There are many offers but besides elevating the sales price as a concession, I was given the option to allow seller temporarily renting the home for one week after closing per sellers remarks.

I have never seen this before where buyers would be willing to agree to the terms allowing buyer to stay after purchase has come to closure. Seller noted in remarks that he would like to rent for one week due to unknown reason. I am sure I can be more creative on the contract so we can come to terms but staying for one week after inspection have already completed and closed? I’m a bit eery making this move.

Have you experienced this scenario in any of your purchase? Thanks!

TM