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

By
Real Estate Broker/Owner with Live in Laramie Real Estate, Laramie, Wyoming WY #12296

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.

Posted by

Brenda Whitman, Broker/Co-owner                                                Office Phone: 307.460.3298

Live in Laramie Real Estate                                                                Cell Phone: 307.399.5477

302 S 2nd Street, Suite 206                                                      E-mail: brenda@liveinlaramie.com

Laramie, Wyoming  82070                                                       Office Website:  www.liveinlaramie.com

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Rainmaker
288,556
Tim Bradley
Contour Investment Properties - Jackson Hole, WY
Commercial Real Estate Expert in Jackson Hole, WY

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...

Feb 14, 2011 02:48 PM #1
Rainer
243,850
Brenda Whitman, Live in Laramie Real Estate
Live in Laramie Real Estate, Laramie, Wyoming - Laramie, WY
Broker/Co-Owner, Laramie, Wyoming

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!

Feb 14, 2011 03:37 PM #2
Rainer
216,072
Joe Kenny
Realty Executive Midwest - Darien, IL
Better Than Your Average Joe

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.

Feb 15, 2011 03:09 AM #3
Rainer
243,850
Brenda Whitman, Live in Laramie Real Estate
Live in Laramie Real Estate, Laramie, Wyoming - Laramie, WY
Broker/Co-Owner, Laramie, Wyoming

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!

Feb 15, 2011 03:27 AM #4
Rainer
120,219
Steve Ewing - Keller Williams Realty
Keller Williams - Stockton, CA

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.

Feb 15, 2011 04:29 AM #5
Rainer
243,850
Brenda Whitman, Live in Laramie Real Estate
Live in Laramie Real Estate, Laramie, Wyoming - Laramie, WY
Broker/Co-Owner, Laramie, Wyoming

Hi Steve - Yes, they seem to be making a big splash in the market!

Feb 15, 2011 07:49 AM #6
Ambassador
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Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

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. :-(

Feb 16, 2011 12:01 PM #7
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Brenda Whitman, Live in Laramie Real Estate
Live in Laramie Real Estate, Laramie, Wyoming - Laramie, WY
Broker/Co-Owner, Laramie, Wyoming

Pat - What a bummer!  Sounds like it was a lose-lose situation for everybody . . .

Feb 16, 2011 02:30 PM #8
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Brenda Whitman, Live in Laramie Real Estate

Broker/Co-Owner, Laramie, Wyoming
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