You do need to review your contract to see if there are provisions for seller occupancy after close of escrow. If it does not, and you are agreeable to the sellers remaining after close of escrow...your agent or attorney should draft a rent back agreement which is very specific and holds the sellrs responsible for rent and possible damages.
It would also be advisable to collect a security deposit from the sellers that you can return once the house is left in the same condition it was during the final walk thru. Even though the sellers are not making any money thru the sale....it is not unreasonable to insist for a deposit.
Good luck...and make the decision only on the advice of the experts!!

B,

Nope....It is not advisable to close escrow with the owners living in the home......unless you are looking for an occupant that's going to be dragging their feet leaving the property. Our recommendation is to take a firm stand and insist they move out ASAP.

No one can make a comment unless review of your executed sales contract. Have your buyers agent go over the terms and conditions you have agreed to includes buyer / seller performance clauses.

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
Lynn911