Can I Move In Before The Closing? Minot Real Estate 101

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Services for Real Estate Pros with Ward County Notary Services

Minot Realtor Bob Timm

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.

Minot Real Estate

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WARD COUNTY NOTARY SERVICES

ROBERT L. TIMM, OWNER

201 Main Street South, Suite 116

 Minot North Dakota 58701

Bob Timm,  Facebook

Call or text 701-720-8513

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Ambassador
1,769,790
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Great answer Bob. I have had many first time buyers ask this question.

Jan 29, 2016 09:39 AM #1
Rainmaker
268,078
Allie Angeloni
Long Realty - Oro Valley, AZ

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.

Jan 29, 2016 09:47 AM #2
Rainmaker
140,218
Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

I agree with you.  Not a good idea.  When asked by my buyer to ask the seller, I just cringe. 

Jan 29, 2016 09:54 AM #3
Rainmaker
578,649
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

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.

Jan 29, 2016 10:26 AM #4
Rainmaker
80,003
Linda Guess
Keller Williams Tri-Lakes Branson, MO - Branson, MO
Branson area real estate sales.

Yes, it is not a good idea for a buyer to move in before closing

Jan 29, 2016 10:35 AM #5
Ambassador
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

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.

Jan 29, 2016 10:42 AM #6
Ambassador
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Bob "RealMan" Timm  Just say NO NO NO

Jan 29, 2016 10:42 AM #7
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I dread hearing this question. It can work out jsut fine but there is so much that can go wrong.

Jan 29, 2016 12:52 PM #8
Rainmaker
1,675,376
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Bob "RealMan" Timm ,  That's easy enough! let me practice.......NO!

Jan 29, 2016 12:57 PM #9
Rainmaker
3,204,954
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Bob not just NO but Absolutely Not and if that does not get the message through then No EFFen Way:))Endre

Jan 29, 2016 02:38 PM #10
Rainmaker
798,159
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Bob - It is always better for the buyer to wait until the home is theirs before moving in. Just say 'no'.

Jan 29, 2016 03:30 PM #11
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Bob.  Nothing good happens for the seller by allowing the buyer to move in before the closing.

Jan 29, 2016 08:54 PM #12
Rainmaker
707,279
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Hi Bobby, I agree "Just say NO"

And mean it. If they want to move in early, move up the closing date.

Bill Roberts

Jan 29, 2016 09:02 PM #13
Rainmaker
1,920,649
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

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.

Jan 29, 2016 11:35 PM #14
Rainmaker
3,982,564
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

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

Jan 30, 2016 01:45 AM #15
Rainmaker
3,247,813
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Bob 

Your answer is right on point. It's a big NO.

Good luck and success.

Lou Ludwig

 

Jan 30, 2016 11:53 AM #16
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

I have negotiated for a buyer and it has worked out.  So far...never for a seller.

Jan 31, 2016 10:56 AM #17
Rainmaker
1,218,152
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Bob "RealMan" Timm Such a resounding NO for good reason. Trouble.

Feb 03, 2016 11:28 AM #18
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Bob "RealMan" Timm

Owner of Ward Co. Notary Services, retired Realtor
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