Most of my contracts state upon closing and funding. Occasionally a buyer may do a lease back to allow the seller extra time to pack up and move, or to arrange for a later move possession.
Every seller has their own motivations just as every buyer has so this is really going to be a case by case process you just need to explore and find out for yourself. Your seller's look to have children and wanted to give themselves a good opportunity to sell the home while not disrupting their children's schooling. While many people may have waited a little longer to list their homes a lot of people understand how long it took to sell a home just a year or two ago and may not have fully realized how the market has changed.
That being said, overpricing a listing is still the kiss of death, even in a hot market where values are increasing you can't expect to list a home and sell it if you do not look at the comps and the competition.
Hope this helps.
Don Groff | REALTORÂ® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 | email@example.com
websites: http://www.AustinListed.com | http://www.360LendingGroup.com
Since you're asking that question here, I assume you do not yet have a Realtor. If you are in the market and would like some excellent, free professional assistance, feel free to reach out to me and I will do all I can to assist. I represent buyers at no cost and I'm very good at negotiating terms such as move out dates, price, etc.
Joe Jarusinsky, Realtor/Master Instructor, Keller Williams Realty, Austin's #1 Real Estate Company, Call 512-261-4415
One thing to consider regarding the "move in at the end of the school year" question: If you purchased a home and required a loan to complete the purchase, you may only allow the previous owner (seller) to reside in the home for 59 days. I believe the lender would consider it an investment, or non-owner occupied home, at 60 plus days.
John Crowe, Broker
Feel free to write or give me a call if you would like to talk in more detail.
Keller Williams Realty
"Austin's Modern Home Specialist"
Please feel free to contact me if you have any additional questions or would like a detailed analysis on any home or neighborhood.