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[ccassaday]

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@151949 wrote:

Whether or not you can stay in a home for a day or so after closing is TOTALLY up to the buyer. When you walk out of that closing they own the home, lock stock & barrell. If they have to be in that day - you have to be out! I am absolutely positive a builder isn't going to let us move our stuff into a house before the closing.

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You are correct. It’s what is negotiated on in your contract offer with the buyer. We had immediate pocession on our house. We were lucky she agreed to let us stay the night after closing since we couldn’t get the keys to the apartment. Personally I have never heard of letting someone stay in a house 30 or 60 days after closing.  Our builder said nothing of a personal nature or possessions can be moved in until CO is issued. It’s a insurance issue.

[Mominohio]

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@ccassaday wrote:

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@Mominohio wrote:

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@151949 wrote:

Whether or not you can stay in a home for a day or so after closing is TOTALLY up to the buyer. When you walk out of that closing they own the home, lock stock & barrell. If they have to be in that day - you have to be out! I am absolutely positive a builder isn't going to let us move our stuff into a house before the closing.

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This is not true. 

The contract for the sale/purchase is totally negotiable. As a seller you can require whatever time you wish to leave the home. You may have to pay the buyers rent per day or month after closing, but most contracts state when possession takes place, and it is indeed very negotiable. Some buyers won't do it, but many will if they want your home bad enough. I know that worked for us. We had 90 days till the new owner got possession, and we paid her rent for 60 of those days.

In many markets they try to convince you you won't make the sale if you ask for too much time. I say that isn't necessarily true. 

No, a builder isn't going to let you in before closing, so schedule your sale to close the same day or after, then with the stipulation that you have so many days/weeks to vacate. 

Or take a bridge loan and buy the new place, and take your time to get out and sell the old one. 

It doesn't have to be such a drama even though selling/buying and moving is indeed stressful. 

People refuse to ask for or demand what they want. Contracts have the ability to be negotiated. 

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That is exactly what she was saying. You guys are saying the same thing lol.  

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She is making it sound like you will be thrown out day of closing if the buyer says so. 

No you won't....IF YOU NEGOTIATE IT PRIOR. 

Her point thoroughout this thread is there is no time to clean a house after you vacate because the transfer takes place within hours. It doesn't have to and the seller controls that totally, if they insist on it in the sales contract. 

[ccassaday]

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@Mominohio wrote:

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@ccassaday wrote:

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@Mominohio wrote:

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@151949 wrote:

Whether or not you can stay in a home for a day or so after closing is TOTALLY up to the buyer. When you walk out of that closing they own the home, lock stock & barrell. If they have to be in that day - you have to be out! I am absolutely positive a builder isn't going to let us move our stuff into a house before the closing.

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This is not true. 

The contract for the sale/purchase is totally negotiable. As a seller you can require whatever time you wish to leave the home. You may have to pay the buyers rent per day or month after closing, but most contracts state when possession takes place, and it is indeed very negotiable. Some buyers won't do it, but many will if they want your home bad enough. I know that worked for us. We had 90 days till the new owner got possession, and we paid her rent for 60 of those days.

In many markets they try to convince you you won't make the sale if you ask for too much time. I say that isn't necessarily true. 

No, a builder isn't going to let you in before closing, so schedule your sale to close the same day or after, then with the stipulation that you have so many days/weeks to vacate. 

Or take a bridge loan and buy the new place, and take your time to get out and sell the old one. 

It doesn't have to be such a drama even though selling/buying and moving is indeed stressful. 

People refuse to ask for or demand what they want. Contracts have the ability to be negotiated. 

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That is exactly what she was saying. You guys are saying the same thing lol.  

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She is making it sound like you will be thrown out day of closing if the buyer says so. 

No you won't....IF YOU NEGOTIATE IT PRIOR. 

Her point thoroughout this thread is there is no time to clean a house after you vacate because the transfer takes place within hours. It doesn't have to and the seller controls that totally, if they insist on it in the sales contract. 

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That is not what she said.  She never said you wil be thrown out. She said it was negotiable.  Your house should already be clean from putting it on the market and have showings. Allowing someone to stay 30 to 60 days after closing is a rent back situation and I imagine rare. I don’t think I would want to let people stay after closing that long because of damage that could be done.

[ptagirl]

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@Carmie wrote:

Congratulations; enjoy your new home. I hope all goes smoothly for you.

Whenever I have moved out of my homes, I scrubbed them down from top to bottom, shampooed the carpets, and super cleaned the appliances.

I have always felt that next home owner should not have to clean up after me.  I know some people don’t do this, but my family always has .  My mother used to say         “don’t leave any dirt behind or people will talk about you”. I guess it stuck in my head.

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We've always done that, too.  It felt good to get compliments from the new home buyers on how clean the house was left....

Yes, congratulations on your new home... I'm sure you'll be very happy..

Good Luck!

[Carmie]

@ccassaday When we built our home, we had to sell our home first.  We asked the buyer if we could stay put for 60 Days  after settlement until we were ready to move.  They agreed and it was written on our contract.  

We allowed the buyers to store their belongings in a room at the back of the house that could be locked from the yard side and the house side.  They filled that room up with boxes and stuff every weekend. They could not get into the main living area of the house and we could not get into the room they were using for storage.

We paid their mortgage for two months as our rental fee.

It all went well.  The crazy thing about the whole transaction was when the buyers got to the settlement table and did not have enough money.  The were young and broke and couldn’t write a personal check because their account was empty.

i took out my check book and wrote a check out for the difference, so they could buy our home.   I needed the settlement money to buy the lot for our home and nothing was gonna stop that from happening.  We allowed them to pay us back over a period of time...and they did.

 Buyers are so excited when they find a home that they want that they will negotiate with you if they can.  Our buyers were renters and this was not a hardship for them at all.

It is not all that rare.

[ptagirl]

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@Mominohio wrote:

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@151949 wrote:

So - all you who claim you do all this super cleaning after you are out of the house - when do you do that? We have to sell our first house to get the money to pay for our second house, as does almost everyone. So - since this is a local move we will most likely have the mover - move our stuff the same day we will close on both homes.So - how would you fit this extreme cleaning into that schedule.Like - I'm thinking it is going to be a brutally busy day as it is. It was easy when we moved far away and had a few days til the mover got the stuff to our new home - but when it's a local move you only have the time it takes them to drive to the new house.

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I never moved where we were out of the house on the last day. When I sell a home, I am sure that we don't allow possession of our current home on the day of closing, but at least 30 days past that, and we take possession of the new one well before having to vacate the old. 

It gives us time to get the 'new' house ready, move, and then clean the old home. 

I've never had any problem  selling with a 30 to 90 day wait till possession from the date of closing (although we have paid rent to do that, but a small price to pay for the time to get moved without all the stress and drama).

 @Mominohio 

We've done the exact same thing with all our moves (4)...even though you have to pay a little rent, it is worth it in the long run...  to give time to clean, pack, etc and to reduce stress and/or deal with any other problems if they arise during a move.

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[ccassaday]

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@Carmie wrote:

@ccassaday When we built our home, we had to sell our home first.  We asked the buyer if we could stay put for 60 Days  after settlement until we were ready to move.  They agreed and it was written on our contract.  

We allowed the buyers to store their belongings in a room at the back of the house that could be locked from the yard side and the house side.  They filled that room up with boxes and stuff every weekend. They could not get into the main living area of the house and we could not get into the room they were using for storage.

We paid their mortgage for two months as our rental fee.

It all went well.  The crazy thing about the whole transaction was when the buyers got to the settlement table and did not have enough money.  The were young and broke and couldn’t write a personal check because their account was empty.

i took out my check book and wrote a check out for the difference, so they could buy our home.   I needed the settlement money to buy the lot for our home and nothing was gonna stop that from happening.  We allowed them to pay us back over a period of time...and they did.

 Buyers are so excited when they find a home that they want that they will negotiate with you if they can.  Our buyers were renters and this was not a hardship for them at all.

It is not all that rare.

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That was really generous of you. Their bank didn’t check on their account right before closing. I remember when we closed on our new build they kept checking to see if our funds were wired. Then they set up closing.  I can imagine if inventory is low and it’s hard to find a house a rent back might be more common. With a buyer that was renting I could see that. Especially if they still had a lease to finish. My aunt and uncle actually did it with their townhouse when they sold it. The seller for their new house needed more time so they couldn’t close right away. 

[Carmie]

@ccassaday  I wasn’t really being generous.  I needed that settlement check.  If we didn’t get settlement on that day, I would have to wait a whole lot longer for my money...which we needed.

it was better to spend a little to get a lot.

the buyers showed up with a cashiers check which was what they ere supposed to do, but their realtor did not give them the correct amount, so they were short about $400 dollars.

[ccassaday]

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@Carmie wrote:

@ccassaday  I wasn’t really being generous.  I needed that settlement check.  If we didn’t get settlement on that day, I would have to wait a whole lot longer for my money...which we needed.

it was better to spend a little to get a lot.

the buyers showed up with a cashiers check which was what they ere supposed to do, but their realtor did not give them the correct amount, so they were short about $400 dollars.

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I can see that happening. When my brother in law sold my grandfathers home for us he initially had the wrong amount calculated on the HUD settlement. He caught it before closing. When we sold our house we got the statement about a week before to make sure it was ok. I am suprised they had to use a cashiers check. The title company here just wires the money between buyer and sellers account. It’s funny because they wired the money when we closed on our sale then a couple hours later they wired it out for the funds on our construction loan when we closed a couple hours later.

[Lilysmom]

@Carmie, I wish we could have rented our house from the new owners after we sold.  I know better now.  This could have happened as they rented it after purchase.  It would have made everything so much easier.  

@ccassaday, I felt like your mother after we moved in...never again.  What a job!  We were in our first home 26 years.  It sold in 3 days.  As time goes on, you forget how hectic it all was.  By the end of our custom build, I was ready to clobber the next person who asked me to pick out one more color, one more stone, etc.  We are in our retirement home 12 years now and it is everything I hoped it would be.  LM