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Home Selling in Egg Harbor City : Real Estate Advice

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Donald Campb…,  in Bayonne, NJ
Thu Mar 11, 2010
Donald Campbell answered:
Hi Brenda,

here's some advice for the people who bought your home.

The home buyer should take steps to ensure that the proper agreements are in place before permitting the seller to remain in the home.

Specific purchaser concerns should include:

- damage to the property
- timely vacation of the property by the seller
- assertion of rights by the seller based upon the creation of a landlord-tenant relationship

Another consideration is that the mortgage provider may require the property be owner-occupied. If this is the case, permitting the seller to remain in the home could potentially be construed as a default on the mortgage.
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