In Real Estate anything can happen as long as both parties agree to it. It is always best to be moved out at closing and funding of the property... but as we all know...it isn't that simple. If you both agree upon a different date just make sure you have it in writing! Don't forget to keep your insurance on your belonging also. Good luck! When in doubt...ask your agent or attorney.
That is common. Talk to your agent. A good option is to have some of the sellers funds held in escrow at settement. Once they vacate the property and have it cleaned out to your satisfaction than those funds would be released to the seller. Another option would simply to just have the settlement date moved back a few days to accomodate their move.
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The agreement of sale (contract) has a closing date that was established whne it was originally signed. The buyer leaglly takes possesion of the property at time of settlement. If you know in advance that you will need more time you have two options.
First, have your agent request an extension of the settlement date to a later day and time. This is done frequently and is very easy as long as the buyer agrees. Another option is to do an post settlement addendum allowing you to have the extra time you need to finish moiving your stuff. Again this is done easily if the buyer agrees, however they are taking a risk.
The easiest and best thing for all parties involved is to simply move settlement date. Most of terms in the contract are easily changed with an addednum. The tough part is getting the buyer and seller to agree to the change in terms.
Unless the actual agreement states that Seller can move another time, the agreement should state that Seller must vacate at time of closing and the Buyer can have the keys and move in at the same time. That is the way things are done in Lancaster, PA. However, specific issues are different in different counties. If all parties are in agreement, and the Seller needs the weekend to move in, you may agree, but please have all parties sign documentation accordingly. Hopefully, you have a Realtor that is helping you in your move, please confirm all questions with that person, it is our specialty. If you need a good Realtor in your area, please let me know.
You are the seller of your home. Your listing agent will present you with an agreement of sale. In this agreement , it will include all the terms of the sale. This will include the price , conditions, inspections, and of course the timing. Timing is always of the essence. You will all agree in writing what dates will be used. When you all agree in writing, and each party has a copy of the fully executed agreement of sale, then this is what you will follow. It is that simple. It is your home, you control the deal on times.
Now, should you need to make a change to the agreement, for example, you need more time to vacate, then your Realtor must prepare an addendum, and have it signed by all parties. This is the way to do it. Everyone agrees in writing.
Typically, the seller must be out by the settlement date. The final walkthrough is held by the buyer of the property as close to the settlement time as possible. The seller must be out before the walk through, and the keys are transfered at the closing table.
Again, an addendum is very easy to prepare, to change the dates of the agreement. But each party will need to agree in writing, and each party needs to have a copy of the addendum to make a change.
Good luck. Should you need a good realtor in the area, please call
Don BRadbury http://www.bradburyteam.com
Delay the closing until the property is empty.
I granted a grace period and it almost literaly bit me in the posterior. After the closing they were in no rush to empty the property of their belongings that were convienently being guarded by their huge dog. I was held hostage for only a short period until I informed them that I was going to smash one of MY new windows and the dog could then go as he pleased. They cooperated quickly at that point.
All the best.
LOL, boy were you ever lucky. I bought a FSBO back before I was an agent. No agents on either side. We negotiated they would stay in the house 5 days to give the poor elderly folks time to move. They ended up taking the RUGS and leaving subflooring, and all the fixtures that were attached to the house, leaving just wiring. I vowed never to go unrepresented after that.
Michael D Delp
4802 Old Bethlehem Pike,
Telford Pa. 18969