moving out at closing on home - Houston - Texas (TX) - Page 2 - City-Data Forum

rmilleta · 05-02-2008, 12:08 PM

I specified 5 days after closing for moving out in the contract when I sold my house.

oldnslo · 06-07-2008, 10:56 AM

Here is my question regarding this subject. My house is expected to close in the next two weeks, all inspections done, it's ready to finish up. The buyer has requested, nay, demanded, that we move out prior to closing, so they can be sure we didn't damage the home during the moving-out process. They are effectively using payment as a hostage for their personal approval. This seems like extortion to me. What say all you more experienced folks? After selling a few homes before this one, this is a new wrinkle to me.

nikkipal · 06-08-2008, 04:47 PM

Are your buyers still in there option period? If not they can not change the terms of the contract. You can do a lease back if it is too difficult for you to move before closing. In your contract there should be an area where it says when they can take posession of the house. If it says upon closing and funding and you are out on the day of closing you should be fine. They have already agreed to buy the house and if they are pass there option period and do not close on the house you can take legal action to make them purchase the house. I have never heard of people demanding to inspect the property after the seller moves. Hopefully this helps.

Lake Conroe resident · 06-09-2008, 05:12 PM

Quote:

Originally Posted by nikkipal

They have already agreed to buy the house and if they are pass there option period and do not close on the house you can take legal action to make them purchase the house. I have never heard of people demanding to inspect the property after the seller moves. Hopefully this helps.

You cannot force someone to buy the home, you can bring litigation against them for non performance and basically recover the earnest $, good luck getting anymore. As far as inspections after the seller moves out; it's called a walk-through and 80% of all buyers will want to do this before going to the closing table to sign and hand over their $ to make sure that there are no holes in the walls, ripped/stained carpet etc... and that the home is basically in the same shape it was when the contract was written, and if there were any repair items that they were completed.

TX713 · 06-09-2008, 05:25 PM

Don't MOVE OUT! Our agent negotiated the taking possession of the property 24-48 hours after funding. ( at no cost to us) Too many poeple are not able to get funding now and how sad if you have moved out and the deal fell through at the closing table!

EasilyAmused · 06-09-2008, 05:48 PM

Funny, last time I sold a house, they had a truck sitting and waiting all loaded for 48 hours untill all the paper work was signed and the keys handed over by me.

It's your house untill they sign the final paper work.Remember that.
Going rate is 100 dollars a day to lease back your house after final closing in order to move out. 48 hours is not uncommon.

royaltygirl · 06-12-2008, 12:06 PM

The last time I sold a house, the buyers just didn't show up at closing. We still had to fight to get our earnest money. We had already packed up and moved our stuff into storage so they could move in. We were in another state living in a hotel waiting for the closing. It was a long wait.