What Buyers Can Do to a House You Are Buying Prior to Closing

By
Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate
https://activerain.com/droplet/4VC9

Buying a Home Means Waiting Until Closing or....

 

It is always interesting when buyers ask can I get into the house to install carpet, paint walls and start ripping out the kitchen prior to closing.  No is always my answer but many real estate agents let their clients do it. fortune cookie in ri real estate Unfortunately, for you the home buyer I actually work to protect your interests and your monies.  So the answer continues to be NO.

 

I know the feeling of 'ants in the pants' enthusiasm when buying a house.  We have all been there as home buyers and have the same excitement but we waited until after closing time.  Now why would a reputable real estate agent in the RI market tell you that?

- anything you do prior to closing, even though allowed by the sellers, is a risk to you.  Last minute happenings can prevent a closing from happening and who do you think is returning those monies you invested already?  Not the seller.

- domino of closings that have one party allowing improvements to a home before closing then start the chain reaction.  Do not let anyone do it to the home you own and do not do it to the one you are buying.  Lawsuits can follow if damage happens to property no matter whose fault it is or not.

- it is not your house yet! be respectful of homeowners and putting your agent in the middle of what would be a difficult situation.

- your real estate attorney will lose it on you!  What are you thinking he/she will say to you.

 

You get the point that waiting a bit longer to get in and do the updates, paint, restoration just needs to wait until the deed is recorded.  In RI coastal real estate that is my stance for my buyers and sellers because it is all about protecting them and their monies.

 

As a new buyer keep that paintbrush in its wrapping a bit longer.

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When you are in need of a top selling North Kingstown real estate professional and specialist for your buying, selling or relocating home needs and an internet savvy real estate agent & marketer who sells RI houses in this real estate market call Ginny Gorman at 401.529.7849 or email me at ginny@RiHouseHunt.com.  I am a North Kingstown specialist but know all of South Rhode Island like the back of my hand.

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This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice

 

Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.

 

Looking for a knowledgeable Rhode Island Real Estate Agent?  Let me GOOGLE one for you!

            

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Rainmaker
534,798
Gwen Fowler-CRS- 864-638-3599 SC Mountains & Lakes--
Gwen Fowler Real Estate, Inc - Salem, SC
Gwen Fowler Real Estate, Inc.

Not till you get the keys!!  You can measure and plan, but you cannot improve someone else's property till you get title and the keys. I have this come up on every house sale.

Sep 02, 2016 10:52 PM #1
Rainmaker
1,529,774
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

I must strongly and completely agree with you on this one, Ginny Gorman . Too many potential issues can result.

Sep 02, 2016 10:59 PM #2
Rainmaker
3,206,317
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Ginny. Patience is a virtue. What part of "NO" don't you understand? Enjoy your day!

Sep 02, 2016 10:59 PM #3
Rainmaker
2,101,466
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

I can't imagine a seller being so foolish as to allow it.  And such a risk for the impatient buyer!

Sep 02, 2016 11:15 PM #4
Rainmaker
2,660,753
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Oh yes, I see many people requesting this, and I tell them it's VERY BAD idea. 

Sep 03, 2016 12:05 AM #5
Rainmaker
3,106,450
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Ginny Gorman,  Another great blog by you again.  How is that little one doing?

Sep 03, 2016 02:33 AM #6
Ambassador
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Ginny- I wish that everyone would follow this!  In one of our homes, I looked out to see our buyer on our deck using my water and electricity to do some work on the dock.  Another time, our buyers wanted to come into our home and let their hardwood planks "cure" in our home. 

Sep 03, 2016 06:53 AM #7
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny all to often Buyers do not realize the position they are putting themselves in.  When they ask me that, I always respond with a question.  "There is NO guarantee the loan will close, so do you want to do improvements to a house you may never own?"

Sep 03, 2016 09:50 AM #8
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Absolutely nothing until it has closed because so much could happen. I have even heard of the buyer dying a couple of days before clsoing.

Sep 04, 2016 06:15 AM #9
Rainmaker
3,214,987
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

We just "say no"....liability...insurance...and no assurance !

Sep 04, 2016 11:11 PM #10
Rainmaker
3,274,434
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Ginny -- it seems a harmless enough question but the consequences that border on disaster as you explain.  I find some much of what we do everyday in real estate is explaining the reasons behind what we say.   

Sep 05, 2016 01:43 AM #11
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Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Ginny

Wonderful post and featured to the group:

Addicted to Active Rain

Sep 05, 2016 01:34 PM #12
Rainmaker
205,897
League City, TX - Worrell Team, REALTORS, GRI, CNE
RE/MAX 1st Class - League City, TX

That's crazy to let a buyer do any changes prior to closing and funding!!!  I'm with you!!!

Sep 07, 2016 02:06 PM #13
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Homes for Sale in North Kingstown RI and beyond
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