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closing

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CoutureMaMa
nicholas is one!!

Member since 9/07

6081 total posts

Name:
Michelle

closing

when you all agreed on a date for closing between seller and buyer, did the seller always take that extra month past the contract date to actually get out?

Posted 6/27/09 9:58 AM
 
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Sherwood
LIF Adult

Member since 8/08

1643 total posts

Name:
s

Re: closing

They were out the day after the closing. Your contract says a month? Our contract only allowed for 5 days, and then they had to pay us $250 a day after that.

Posted 6/27/09 10:43 AM
 

CoachC
LIF Infant

Member since 8/08

275 total posts

Name:
Kerri

Re: closing

We didn't give her any extra days after closing to stay there without paying.

If you are referring to the line in your contract that says the closing will be set on/about whatever date, and not an actually agreed upon date, then yes, she took some of that time and the closing was set for like 3 weeks after the date on the contract.

Posted 6/27/09 12:35 PM
 

CoutureMaMa
nicholas is one!!

Member since 9/07

6081 total posts

Name:
Michelle

Re: closing

we agreed upon august 1st but the contract says a month before or a month after legally. so im wondering how long they will take. probably until sept 1st.

Posted 6/27/09 4:09 PM
 

rkoenke
my little piggys

Member since 3/08

4315 total posts

Name:
rachel

Re: closing

i am selling and am read y to be out the day before closing. but, i am waiting on the buyers ....

i don't know why anyone would want to stay and pay the new owners rent....

just my opinion.

Posted 6/27/09 4:15 PM
 

VickiC
Rocking the party

Member since 5/05

4937 total posts

Name:
Vicki

Re: closing

Posted by CoutureMaMa

we agreed upon august 1st but the contract says a month before or a month after legally. so im wondering how long they will take. probably until sept 1st.



August 1st is just an about date. You have to close within 30 days of August 1st, meaning you can close anywhere between August 1st and September 1st.

If you close August 1st and the seller wants to remain in the house for 30 days, they pay you rent, and then another walk through is done before handing over the keys to you. Money would also remain in escrow just in case there is other damage to the house.

Our on or about date was September 24th and we closed on September 26th. Our sellers were out that day.

Posted 6/27/09 4:47 PM
 

ThreeCats
Train Ride

Member since 5/05

3127 total posts

Name:
A

Re: closing

our on or about day was 6/10, we only signed contract at the end of may. we will be closing around 7/10 - so yes we took the full 30 days but the buyer knew that...

the day of closing we will be out of the house

Posted 6/27/09 10:30 PM
 
 

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