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Housing sales and purchase PDF Print
Articles - Values
Written by Bob Fishman   
Friday, 26 September 2008 19:23
I am considering the value of starting a new unit at RHD that would help buyers and sellers settle with a first closing  on "transfer" of a house with an agreement that is 50% of the highest price for the property during the last two years.

The agreement will stipulate  that there will be an assessment of value in five years from the first closing at which time either the buyer will retain ownership with no additional funds needed or if the price does increase the buyer will have the choice of paying the difference and continuing to own the property.

during this period the title will be controlled by RHD and the buyer will be responsible to pay for all housing insurance, taxes, etc or forfeit ownership back to seller.

Rhd would eollect a small fee for management of this process

We might try this model a few times with the affordable houses we now own.

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Seller Incentive?
written by AHoward, December 02, 2008
What is the incentive to the seller in this process? Did he reject a higher offer and now cannot find a buyer?

Also, how do you guard against fraud? What if a seller colludes with a friend to make a high offer that he rejects, then, two years later makes the same offer?

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