Yay, the day is almost here!  You've jumped through the hoops, waited anxiously on the edge of your seat for appraisal, approvals, underwriting and more.  You've even had your financial history autopsied all the way back to your first lost tooth.  So, enough already . . .
When can you move in?!   Moving Box Frog


The answer - when the deal is DONE.  Not a minute sooner.  In Laramie, that typically means after all the papers are signed, the money exchanged and the title transferred at closing. 

Sounds obvious, right?  It is, but . . . what can it hurt to just put a few things in the garage?  Or how about sneaking over and watering that yellowish patch of grass?  Or getting the premium cable installed so it's ready when you get there?

No, No and No.

To be fair, there are occasions where people do make other arrangements but generally, it is not a good idea.   For example, you've put everything you own in the garage of your soon to be new home the day before closing.  That night the house burns down destroying everything.  Who pays for your things - their insurance, your insurance, is it even covered at all?  The answers to this and other things that could happen are not simple.  So the best rule of thumb is for buyers and sellers is to wait until it's official - then, it's all yours!  (Hip, Hip, Hooray!)

 

*This information is intended only to provide further clarification of real estate issues in Laramie, Wyoming. I am not an attorney.  This article is not endorsed, approved or affiliated with Century 21 Real Estate Center, Inc.  Any consumer with questions about the real estate process should always consult an attorney of their own.

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8 Comments on Laramie, Wyoming Real Estate: When can I move In?

FEB
14
2011
229,764 Points 1 Featured Post Called Shot Master

Ha! I've been going through this one for a few weeks now with a buyer. It's a 12,000 sf building that needs extensive remodeling. The seller already gave permission for the buyer to cut exploratory holes in it to look at the framing, insulation, and roofing, but drew the line there. The buyer wants to start his remodel NOW. And today, closing got held up another day because Fedex lost, then found, the buyer's signed docs...
10:48pm • #1
167,145 Points 4 Featured Posts Outside Blog

Tim, now that's a tricky one!  I think it's even trickier when a buyer wants to pour their money into it before the closing - there's alot of what-ifs there!  Hope it closes soon and everyone can be happy!
11:37pm • #2
FEB
15
2011
194,319 Points 11 Featured Posts Called Shot Master

Brenda, somebody in the past few weeks posted this exact same thing.  I think the buyers were living in an RV in the back yard if I'm not mistaken or something like that.  Thanks for the reminder.
11:09am • #3
167,145 Points 4 Featured Posts Outside Blog

Joe, Now that's a creative twist I didn't even think about!  I can't even imagine all the negotiations that take place  as closings near!
11:27am • #4
2 Featured Posts Outside Blog Attended Rain Camp

Hi Brenda - Good job on the blog.  Some things can never have enough written about them seeing as how they come up so often.  You seem to be working in an interesting niche, frogs.  With the size of those families it seems to me bigger and bigger places will be needed...grin  Thanks for the blog.
12:29pm • #5
167,145 Points 4 Featured Posts Outside Blog

Hi Steve - Yes, they seem to be making a big splash in the market!
3:49pm • #6
FEB
16
2011
469,049 Points 18 Featured Posts Localism Sponsor Hit Router Attended Rain Camp Called Shot Master

Brenda--I had a deal fall one week before closing because seller would not agree to pre-closing possession.  This was just last year.  I was the listing agent.  Seller is now leasing the home. :-(
8:01pm • #7
167,145 Points 4 Featured Posts Outside Blog

Pat - What a bummer!  Sounds like it was a lose-lose situation for everybody . . .
10:30pm • #8


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Brenda Whitman, Associate Broker, Laramie, Wyoming

Laramie, WY

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CENTURY 21 Real Estate Center, Inc., Laramie, Wyoming

Address: 2900 Grand Avenue, Laramie, WY, 82070

Office Phone: (307) 742-2289

Cell Phone: (307) 399-5477

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