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Rainmaker
908,708
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Ask for a 2 week rent back. seller will have to pay security deposit and daily rate of whater the buyers PITI is.

Jul 16, 2015 02:17 AM
Rainmaker
4,853,482
Richard Weeks
Dallas, TX
REALTOR®, Broker

In TX we can do a seller temp lease.  That would give them time to move out after closing.

Jul 15, 2015 09:52 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

You could have negioated a post occupancy agreement. I don't like doing this, but it may have worked in this situation. 

Jul 15, 2015 01:22 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Contracts are totally negotiable and that needs to be negotiated at the offer. I had a seller last year stay a couple of months and rent back for the buyer.

Jul 15, 2015 12:02 PM
Ambassador
6,356,200
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

That is one thing banks are for, get a moving loan that will be paid back with closing funds.

 

Jul 15, 2015 11:11 AM
Rainer
150,719
Ed Macias
Real Estate Teammates - Miami, FL
Miami FL-REO Property Management Multifamily

Tell to take a mini vacation and stay in a hotel. I never advise a buyer to allow anyone to stay after closing. 

Jul 15, 2015 10:50 AM
Ambassador
2,166,667
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Everything is negotiable.  Talk to your Designated Broker for guidance on how to structure the addendum with terms.

Jul 15, 2015 08:51 AM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

there could be with a large holdback to be forfeited if the seller is not completely moved out by a certain day and time..... can't draw blood from a stone....

Jul 15, 2015 08:36 AM
Rainmaker
292,635
Jack Lewitz
Exit Strategy Realty - Evanston, IL

Your buyer should use a credit card and put his belongings in a haul truck or storage locker if he has not found alternative place to live and give power of attorney  and move out on same day as closing . 

Jul 15, 2015 08:33 AM
Rainmaker
699,277
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Talk to your broker.  There is always an addendum signed by all parties allowing for occupancy after closing.

Jul 15, 2015 08:23 AM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Yes but it can create problems so it's much better to get all personal property out before closing. Your Seller may have enough $$ to  have things moved into a van and held overnight, or even into storage depending on his plans. Sometimes the payment for that can be delayed or the company will agree to be paid through escrow.

Jul 15, 2015 08:06 AM