You Don't Own the House Until the Deal's Done

By
Real Estate Agent with Mountain Top Producers BRE# 01888377

Attention potential buyers:

On behalf of my fellow agents, I beg you, DO NOT begin moving your belongings into a home until the escrow is closed and your agent has handed you the keys to your new home.  We all know how anxious you can feel as you get close to your final closing date.  However, until that date, the house does not belong to you.  No matter how small the glitch seems that is holding up the escrow, it still is not your house.  By moving in 'just a few little things' you are actually breaking and entering into someone else's property.  This puts everyone involved in a very precarious situation, mostly yourself.

I have heard these stories over the years from other agents, and with today's market being dominated by bank owned sales, the absentee seller makes it even more prevalent.  An empy house just waiting for you is awfully tempting to start to enjoy, as it soon WILL (hopefully) be yours.  PLEASE resist the temptation to do so.  The risks that are being taken are not worth the potential consequences.

Rest assured, your REALTOR is doing everything that he or she can to get you into that home as soon as possible!

Comments (3)

Rob D. Shepherd
Windermere/lane county - Florence, OR
Principal Broker GRI, SRES

This is a hot button more times than we would like.

Apr 26, 2011 12:19 PM
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I wouldn't want to do it because I don't want to jinx or assume anything. I don't even like to do pre-settlement occupancy agreements.

Apr 26, 2011 12:26 PM
Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro

Amy, I have had to tell buyers NO more than once!  The temptation is especially hard when it is vacant.

May 02, 2011 03:45 PM