early possession

Can Buyers Move Into the House Before Closing?

buyers move into house before closing

Whether to let buyers move into the house before closing depends on sellers’ tolerance for risk.

Do you think it’s a good idea to let buyers move into the house before closing? Is there ever a good time or reason to give home buyers early possession of a home? I suppose the opinion greatly depends on which side of the fence you sit. If you’re a buyer, absolutely, you may develop an unexpected need for early possession right away, especially if you have to move out of your home before the closing of your new home. You don’t see anything wrong with it.

Hey, I’ve been there. I recall moving out of an apartment in Edina, a suburb of Minneapolis, the last apartment I ever lived in 25 years ago, and buying a home via a land contract of sale by the lakes in south Minneapolis. Went to closing, signed all of the documents, deposited funds and went home to finish packing. The sellers suddenly developed seller’s remorse and refused to sign closing documents. I sent a letter demanding they perform in accordance with the purchase contract, and I moved into the house anyway, without their permission. read more

Should Sacramento Home Sellers Give Early Possession to Buyers?

pica the cat and early possession

My cat, Pica, has a one-track mind when it comes to communicating what he wants. His focus is crystal clear, because he asks for only one thing. It’s never food nor treats nor pets nor playtime that he begs for, perhaps because those requests are often ignored, especially when I am working, which is most of the day for at least 5 days a week. The one thing that he truly wants above all else in life is to go outside, and that’s the one thing he cannot do. Fortunately, he is not traumatized by his inability to access the forbidden and, after I acknowledge his efforts, he will realize defeat and go roll happily in a sunny spot. read more

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