Thatâ€™s a great question!
However, this should have never come up as a problem, since your agent should have discussed this matter with you on the very beginning of signing the Purchase Agreement. Buyer normally takes possession after close of escrow, or if different it has to be stipulated in the purchase agreement (3 days after closing at 5:00pm) etc. I had some closings, the buyer requested 10 days after closing close, to take possession and move in.
Again Real Estate is the place where everything is possible, as long it is in writing and all parties involved agree to the terms.
Ryan Gussman, Realtor
Alter Wilson Real Estate
Assuming your not a renter unless a "lease-back" where you lease the property after closing is negotiated and your not a renter you need to be out when escrow closes.
The Carrabba Group
Keller Williams Hollywood Hills
If you do need more time, then an option is to negotiate a "use and occupancy" agreement which essentially allows you to rent back the property for an agreed up on time.
Good luck to you,
Unwavering Commitment to Service
Look at the purchase contract. The buyer specifies if you need to be out at the day of closing or if they will give you a few days. As a seller, you can always counter and ask for more time, but this needs to be done before you sign the contract.