John's Tip this week about Double Moving takes about 47 seconds to read.
 
   The idea for this week's tip comes from a conversation with Gayle Henthorne.   We were discussing the double move the sellers of the home he was buying would need to make.  Since half of the houses on the market are vacant the sellers who are living in their homes are finding they have to give possession at closing so they don't lose the buyer to a vacant home.  Gayle said, "Welcome to the 'Double Movers Club' ".  He had just moved into an apartment until the transaction closes on his new home.  It caused me to think back on the last time I was able to negotiate 30 days free possession for a seller.  I can't even recall the last time.  I did negotiate a delayed possession on one last month, but the seller had to make the buyer's payment.  
 
  It had been a long standing tradition in central Ohio for sellers to get 30 days possession after closing to vacate. FREE! with black racing stripes!!  This area was one of the few if not the ONLY place in America to have such a custom.  How did that come about?  Here's my take on it.  Central Ohio is one of the few places the seller pays for the title search and title insurance.  The cost of title insurance is about the same cost as a payment on the house.  So maybe the custom of permitting a seller possession after closing was just a trade off.  The local custom of seller paying for the buyer’s title still remains even though the current market has caused the 30 days free to go away.  Say goodbye to an old friend.  The 30 DAYS FREE has gone the way of women's hose that had the black racing stripe up the back of the leg.  Reminds me of my first love, a white ’67 Z/28 Camaro
 
John Jacobus, ABR, GRI, CRS
 
RE/MAX Impact
Broker/Owner
440 Polaris Pkwy
Westerville, OH 43081
614-523-1000
cell 614-296-8350