Home Selling in Boston>Question Details

Trulia Boston, Home Buyer in Boston, MA

Once you sell your home, how long do you have until you have to move out?

Asked by Trulia Boston, Boston, MA Wed Oct 31, 2012

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Selling and buying real estate is an agreement between the seller and the buyer. As such everything is negotiable for the proper and acceptable consideration ($). Therefore, times and dates are also negotiable.
Your real estate agent is aptly to help you on all this.
Good luck selling your house.
Jaime Fernandez-de-Castro
2 votes Thank Flag Link Wed Oct 31, 2012
This is a negotiated term of your executed sales agreement. Generally it is the day before closing. However it is common for the seller to sell their home and close and rent back for a specified period of time agreed upon with before seller and buyer.





Tamara Schuster
Certified Relocation Specialist
Naperville. Il and Western Suburbs
http://www.BrokerOfNaperville.com
1 vote Thank Flag Link Wed Oct 31, 2012
This all depends when you negotiate with the buyer of when they need to move out. Once the P&S is signed and all they money has cleared than that's when the buyer should move in.
1 vote Thank Flag Link Wed Oct 31, 2012
The time from an accepted offer to closing is usually six to eight weeks. The agreed to closing date will be specified in the offer. The exact time for the closing (not the standard language in the form) usually gets pinned down a week or two before the closing. You'll be expected to be out of your property by the time of the closing. The buyer and buyer's agent will do a walk-through - ideally once your move is complete - before you meet at the closing.

If a seller needs more time that is generally hammered out in advance and the attorneys will draft a use and occupancy agreement. Typically you will pay for any agreed to days at a rate that's equivalent to the new owners' carrying costs.

If you're simply late getting out of the house on the day of the closing - and this is to be avoided if at all possible - it's likely that the attorneys will agree to hold back money - enough to motivate you! - until you're out and the buyer has given the OK that the place is as he expected to find it.

Liz Bolton
ReMax Destiny Cambridge
1 vote Thank Flag Link Wed Oct 31, 2012
you move out at closing or prior, and submit the keys to the new owner.
If you mean after an offer has been accepted? or after the P&S has been signed?
Then, closing can be according to the P&S, or negotiated with the buyer.
please make sure that you get everything in writing.
Best,
1 vote Thank Flag Link Wed Oct 31, 2012
Good point.
If it is not in writing and agreed (signed) by each party, it is not enforceable.
Flag Wed Oct 31, 2012
There is usually an option to move out the day of closing, or do a temporary lease back option where they can give you time to move. It all depends on what you negotiate with your buyers. Speak with your real estate agent about this, as it is a very common question.

Best of luck,

Brian Rayl
B&B Realty Group - Keller Williams Elite Dallas, TX
214-601-4192
Brian@Rayl-Estate.com
1 vote Thank Flag Link Wed Oct 31, 2012
It will depend on the agreement and can be negotiated right along with price. Most regular financed deals are in the 45-60 day range unless mutually agreed otherwise.
0 votes Thank Flag Link Sun Nov 25, 2012
The agree to closing date will be specified in the Purchase and Sale. Technically you own the house until the deed is recorded. You best be out by then. I suggest being out no later than the morning of the closing or the evening before at the latest.
0 votes Thank Flag Link Mon Nov 5, 2012
You should be out by the final walk-through before closing unless you've worked out an agreement, as Brian Rayl mentioned, a lease-back option. You no longer have rights to the property once the title has changed hands/been recorded.

Stephen Bourassa
Executive Vice President
City Central Realty, LLC
0 votes Thank Flag Link Wed Oct 31, 2012
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