early possession: Can the Buyer Move in Early? Occupancy Prior to Closing
- 12/01/18 12:59 PM
Can the Buyer move in early? The Closing is only a week away. The house is vacant. Inspections have been completed, the loan is approved, everything else is in order. The buyers moved out of their previous home last week; they are staying in a hotel. All of their belongings are in a moving truck. The Buyer wants to move into the house early. What can be the harm?
When this question is posed to a Seller, a flashing red light and an alarm should go off. "Early Possession" might result in serious legal and financial problems for both the Buyer and the … (34 comments)
early possession: Should I Let The Buyer Move In, Prior to Closing?
- 11/10/13 11:35 AM
Occupy Prior to Closing! This is NOT a good idea! Tammy Lankford lays out the reason why not in this Blog about letting the Buyer in prior to Closing. Liability, Deals Falling Through, Insurance, and so much more. You should hink long and hard - and get Legal advice - before agreeing to "Early Possession" when you are a Listing Agent or Selling Agent. __________________________________
NO, no and more NO! Why you ask? Well there are a multitude of reasons, but let me start with insurance issues. You have an insurance policy that indicates that you are a resident … (0 comments)
Can the Buyer move in early? The Closing is only a week away. The house is vacant. Inspections have been completed, the loan is approved, everything else is in order. The buyers moved out of their previous home last week; they are staying in a hotel. All of their belongings are in a moving truck. The Buyer wants to move into the house early.
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