Can I Move In Before The Closing?
If you are the Seller of a home these are words you really don't want to hear. The short answer is just say NO! For the reasons just listen to the video and if for some reason you are still not convinced at least take the provisions suggested.
Great answer Bob. I have had many first time buyers ask this question.
Lou Ludwig
Boca Raton, FL
Bob "RealMan" Timm
Minot, ND
Thanks Noah Seidenberg I've seen it end in disaster to many times.
It makes good sense to say 'no', I agree! As you say in your video Bob "RealMan" Timm, what if the sale does not go through, as it just seems to be a liability issue if something 'happens'. Even if the Buyer has insurance, the property is not technically his.
Bob "RealMan" Timm
Minot, ND
It's a huge liability Allie Angeloni but most often the Buyers find things they demand be fixed that they never would have seen before and those demands could be very costly.
Once the Buyer sends the BINSR to the Seller he does not get a 'second chance' to ask for more, so would he be living there before that happened Bob "RealMan" Timm?
Hi Allie Angeloni even though I'm on my 2nd pot of coffee I'm not putting together what BINSR stands for, please help me out?
I agree with you. Not a good idea. When asked by my buyer to ask the seller, I just cringe.
Lou Ludwig
Boca Raton, FL
Bob "RealMan" Timm
Minot, ND
I cringe too Joan Dickie but when you have the Buyer you have to ask.
Excellent advice, Bob. It's happened to me personally. As a seller many years ago, I allowed a buyer to take early occupancy, and it was a disaster. As you stated, if it's necessary, be sure to get disclaimers and additional deposits, as well as walk-throughs and acceptances, signed.
Lou Ludwig
Boca Raton, FL
Bob "RealMan" Timm
Minot, ND
I forgot to mention the walk-throughs and acceptances, signed Pat Starnes , thanks!
Yes, it is not a good idea for a buyer to move in before closing
Lou Ludwig
Boca Raton, FL
Bob "RealMan" Timm
Minot, ND
It only invites disaster Linda Guess
I've had a couple of situations that involved pre-settlement occupancy agreements, and they all had happy endings. But it's not ideal if you can avoid it.
Lou Ludwig
Boca Raton, FL
Bob "RealMan" Timm
Minot, ND
You have been lucky Patricia Kennedy , I've had some good and bad.
Bob "RealMan" Timm Just say NO NO NO
Lou Ludwig
Boca Raton, FL
Bob "RealMan" Timm
Minot, ND
That's the right answer Hannah Williams
I dread hearing this question. It can work out jsut fine but there is so much that can go wrong.
Lou Ludwig
Boca Raton, FL
Bob "RealMan" Timm
Minot, ND
We think alike Debbie Reynolds
Hi Bob "RealMan" Timm , That's easy enough! let me practice.......NO! 
Lou Ludwig
Boca Raton, FL
Bob "RealMan" Timm
Minot, ND
That's one every agent should practice Larry Johnston
Bob not just NO but Absolutely Not and if that does not get the message through then No EFFen Way:))Endre
Lou Ludwig
Boca Raton, FL
Bob "RealMan" Timm
Minot, ND
Those are the three proper answers for ALL Listing agents Endre Barath, Jr.
Bob - It is always better for the buyer to wait until the home is theirs before moving in. Just say 'no'.
Lou Ludwig
Boca Raton, FL
Bob "RealMan" Timm
Minot, ND
NO is the word Troy Erickson
Hi Bob. Nothing good happens for the seller by allowing the buyer to move in before the closing.
Lou Ludwig
Boca Raton, FL
Bob "RealMan" Timm
Minot, ND
That is absolutely right Conrad Allen
Hi Bobby, I agree "Just say NO"
And mean it. If they want to move in early, move up the closing date.
Bill Roberts
Lou Ludwig
Boca Raton, FL
Bob "RealMan" Timm
Minot, ND
Great point Bill Roberts , move up the closing date.
Good Morning Bob - I would agree with this. Although I did this myself in a spot build that was running late. The local builder and I made an agreement but it doesn't always turn out that well.
Lou Ludwig
Boca Raton, FL
Bob "RealMan" Timm
Minot, ND
I've done it to with some success Grant Schneider but the ones that flopped cost my commission so the default answer is always going to be NO for me.
I have seen some really bad cases of sellers allowing the buyers to move in and then have the loan fall through and have to evict the buyers because they would not leave on their own
Bob "RealMan" Timm
Minot, ND
Lou Ludwig
Boca Raton, FL
That would be a horrible mess William Feela . Oh, and I'm sure they left the place absolutely pristine to, right?
Bob
Your answer is right on point. It's a big NO.
Good luck and success.
Lou Ludwig
Bob "RealMan" Timm
Minot, ND
It's much less complicated that way Lou Ludwig
I have negotiated for a buyer and it has worked out. So far...never for a seller.
Bob "RealMan" Timm
Minot, ND
I've had both Margaret Rome, Baltimore Maryland and sometimes the buy just losses focus of what they really want... a house.
Bob "RealMan" Timm Such a resounding NO for good reason. Trouble.
Bob "RealMan" Timm
Minot, ND
It's just not worth the risk Mary Yonkers
Comments(18)