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Also the cost of moving twice. First into a short term rental so you can get the money for your next down payment from your current home, then moving into your
by jdross 10y ago
Also the cost of moving twice. First into a short term rental so you can get the money for your next down payment from your current home, then moving into your new home.
- shostack 10y agoI thought banks offered bridge loans just for this sort of thing, no?
- jdross 10y agoDepends on your credit, it's not too common and they're also quite expensive. And if your sale falls through, you're pretty screwed
- shostack 10y agoInteresting. So Opendoor removes that risk for a premium on fees it seems. What is the path to reducing the fees overall? 6% seems a bit much in this day and age, particularly in the Bay Area where an agent sets up a few signs, posts the listing, does an open house for one weekend and that's it. And agents (both sides) are incentivized to close more deals, not get the best prices. Ultimately homeowners/buyers get screwed.