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No, you may not get the keys early!!

Reblogger Debbie Reynolds, C21 Platinum Properties
Managing Real Estate Broker with Platinum Properties- (931)771-9070 TN Broker: 208698

It happens so often that I think buyers are reading the same script. Not only do they want the keys early but they want to clean or just move a few boxes in the garage. I remember a seller letting the buyer move a few boxes in the garage the day before closing and by closing time all they had left to do was unpack and set up the beds. 

Original content by Lee Ann Obenauer

Holding keys and model houseTime and time again I receive requests from buyers to get the keys at the final walk through.  Granted, the closing is usually the next morning, but yet, you don't own this property yet.  The owner has every right to still enter and occupy this home until it is closed and they deserve the privacy to do so.  Now some buyers beg and plead and make promises that they won't enter the property until the morning, but no offense I can't trust you.  Not that you aren't trustworthy, but the pressure will get to you and before you know there you stand the night before closing inserting key into door knob. 

Early on as a Real Estate agent I let a couple of people have keys early who swore on the lives of their children that they would not go into the property before they owned it.  The last time I gave a key to a buyer early, they started to move in before they owned the property.  I drove by about 2 hours after the final walk through to find a moving truck out front and everything moved in.  On another occasion I found the buyer and their whole family (20+ people) wandering around the home before they owned it. Needless to say I have learned my lesson the hard way.

Now Mr. and Mrs. Buyer, don't take it personal.  It is my job to protect the seller's property until it transfers ownership. Also the seller is responsible for this property up until closing. If some should fall and get injured or something got broken the seller would be responsible.  That is not a chance I can take

I know you will plead, beg and promise, but believe, me once you have that key in your hand it will be all you can do not to resist the urge to just take a peek.  Who will know?  Before you know it that evil voice in your head has convinced you its okay.  So to protect you from your self, I cannot give you the key early. 

Don't take it personal.

 

 

 

 

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Lee Ann Obenauer - Licensed Real Estate Agent

For more information or assistance buyer or selling a home, please feel free to contact me at 

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 Centruy 21 Platinum Properties2130 Wilma Rudolph Blvd.

Clarksville, TN 37040

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Erv Fleishman
Realty Associates - Boca Raton, FL
Luxury Prop Specialist Realty Associates

Proper response.

Can we have the money early.

Seems so innocent until something goes wrong.

Who is liable before settlement for an injury that occurs on the property.

Well, you honor, I gave them the keys .......

May 30, 2012 08:49 AM
Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Debbie I have to laugh at this one! I have had similar broker promises when I gave the keys to buyers a bit early. Lee Ann makes some great points about liability and sellers rights to occupy the property up to it officially closes. 

May 30, 2012 08:55 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730
Ervin, So much liability and things can go wrong. Thanks for commenting.
May 30, 2012 08:59 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730
Adrian, They can sure make it sound so innocent. But when a system breaks down or damage occurs or the closing gets held up, what then?
May 30, 2012 09:00 AM