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Hannah, Home Seller in East Greenbush, NY

Yes, Pam. What can I do to keep the rent back clause?

Asked by Hannah, East Greenbush, NY Thu Aug 9, 2007

The buyer has changed his mind and wants to eliminate the rent back clause. I need 3-5 days after settlement to move out. I'm not willing to sign an apartment lease until after settlement. Sorry, but I just don't trust this buyer or my agent. I,m a senior citizen on a fixed income and cannot take the chance of something going wrong at settlement. Shouldn't I have a letter officially stating the settlement date, time and place. The AGS says August 31. Time is getting short. I have to retain a mover. Where is this going?

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4
Hanna....I am not sure if you received my answer before. If all parties have executed the agreement then it is enforcable. Talk with you agent about this.
0 votes Thank Flag Link Fri Aug 10, 2007
Pam Winterba…, Real Estate Pro in Danville, VA
MVP'08
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An executed agreement outlines the terms of the transaction. Any changes to the contract cannot be made unilaterally. Perhaps, you should focus on moving out and moving on. Ask your agent to clarify the logistics regarding the settlement and rent back; if their unable to provide adequate answers, contact the broker of the firm representing your property for assistance.
0 votes Thank Flag Link Fri Aug 10, 2007
Hannah
Your purchase contract stipulates the terms of your agreement.
If you think that your Realtor is not trusworthy, call the office and ask to speak with the broker. Hopefully he/she will help keep things on track.
The settlement date should be stipulated in the contract. The concerns you mention are real and seriousl. As good as Trulia may be, consult with the broker or an attorney as soon as possible.
Let us know what happens.
PS>>>we do not offer legal advice....to protect yourselft, in most real estate transactions..."time is of the essence" so don't waste time., Resolve concerns now, not later...it's like a cavity...it only gets worse, is more painful, and costs more!
0 votes Thank Flag Link Thu Aug 9, 2007
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
Contact
If you have a signed oppucancy agreement giving you time after closing that should be the last word. I am guessing you are represented by an an agent. Talk with your agent communicate with him you will use a portion of the rent back. From what you are saying it sounds as if you have an enforcable contract.
0 votes Thank Flag Link Thu Aug 9, 2007
Pam Winterba…, Real Estate Pro in Danville, VA
MVP'08
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