It really depends on the area, I'm a broker in the Columbus, IN Area and 15-30 days is normal for the buyers to write in on their purchase agreements. There are two lines in the possession clause on the state purchase agreement. The first one says that the buyers get possession by XX time, XX days after closing, or you can mark at closing. If the sellers aren't out by that time, they owe whatever amount the agent writes in there as rent per day after that. I usually write $180. The second line is what John Bradley is referring to. It is where you say The buyers want possession say 30 days after closing, and the sellers are to pay $180 per day as rent from the day of closing. I've never used that line in a purchase agreement, and never had a buyer's agent use it on any of my listings. I know a lot of people who are new to this area find it strange, and will usually ask for immediate possession, which most people can make happen if they need to. As far as liability on the property after closing before possession, your liability doesn't begin until you take possession of the property. If the sellers trash the house in that time, you have a legitimate lawsuit which should be easy to win in court.... more
I just listed a 158 acre farm in Norman, IN. The whole Northern and Eastern property line is shared with Hoosier National Forest. This section is home to the Hickory Ridge trail system which has over 48 miles of horse riding trails. Feel free to email me at firstname.lastname@example.org or call 812-325-8207 with questions.
You can contact the listing agent who will be able to help you learn more about that specific property (and probably will know a lot about similar properties in the area). To find an agent, just click on the yellow button on the property's Trulia listing and you will be able to start a dialogue.
Please let me know if you have any questions or if I can help with anything else. I am happy to be a resource for you. Good luck with the search!
Come buy ours at 10019 N. State Road 135, Freetown IN 47235. Call Roberta at 800-294-2615 to see a beautiful home on 10 acres next the Hoosier National Forest--very quiet and clear constellations at night... more
I completely agree with Erik & Jody. The bottom line is you can easily spend a couple of hundred dollars to make these improvements that will in turn save your thousands! How? The answer is simple, if you find a buyer that is interested in your property as is, they know it will come with a long "to do" list; so naturally they will ask for a significant price reduction (usually in the thousands.)
The other thing to keep in mind is the longer the property sits on the market, the more it loses its VALUE, so again you can lose thousands of dollars. You have to think of your "home improvement dollars" as an investment that has the potential for a 8-10% Return On Investment, because it usually does!... more
A bridge loan might work, or if you are building a home with special needs in mind, a construction perm loan would be probably be the best product for your situation. Both of these products are not main stream loans and you may need to shop around to even find a bank in your area who offers this type of product. I am a builder/agent in the Kansas City market and we only have capital federal and first federal saving that offers both these products in our market of about 1000000 people.... more