Home Buying in Selbyville>Question Details

cab121003, Home Buyer in Selbyville, DE

IF THE OWNERS ARE ALLOWED TIME AFTER CLOSING TO VACATE THE PROPERTY, WHO IS LIABLE FOR ANY INJURIES OR HARM THE OWNERS INCUR WHILE STILL IN THE HOUSE?

Asked by cab121003, Selbyville, DE Tue May 7, 2013

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4
Ron Thomas’ answer
You ask it as though you are not the person giving them permission to stay:
As the Buyer you have Insurance, starting from the day that the Escrow Closes.
And you have the right to your house.
If they are squatting, you might want to serve them and their Agent with a NOTICE.
0 votes Thank Flag Link Wed May 8, 2013
The owner of record is responsible for any damages or injuries incurred on the property at the time of the incident. So if Seller is allowed to occupy the property after settlement then then the new buyer would be liable and you would want to make sure home owners insurance policy would cover anything that occurred.

John R. Thomas
Primary Residential Mortgage
NMLS 38783
302-703-0727 Office
0 votes Thank Flag Link Wed May 8, 2013
Technically, once title has passed, the new owner would be liable from there forward, however, lawyers should be be involved from that point , with a detailed contract, clearly outlining terms and conditions, of the extended stay.

Faith C Borbee
Licensed Realtor, DE
Remax Associates, Wilmington
302-535-0469
0 votes Thank Flag Link Wed May 8, 2013
Once closing has taken place, the new owner is now responsible for any and all injuries from that point of time. However, that is why we have lawyers, and courts. I am not a lawyer or judge.
0 votes Thank Flag Link Tue May 7, 2013
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