FAQ ~ When we sell our home, how soon after closing do we have to move out?

By
Real Estate Broker Owner with Judi Barrett~Integrity Real Estate Services~Idabel, Oklahoma

FAQ ~ When we sell our home, how soon after closing do we have to Moving Day photo courtesy of Morguefile user "Click"move out? 

This is a concern for just about every seller that is still residing in their home while it's on the market.  It seems that most offers we see at Integrity Real Estate Services Brokerage office in Idabel Oklahoma, have buyer's possession of the home taking place at closing so of course, this is a very common part of any counter offer that our sellers make.  


Transactions do fail and sometimes they fail the week of closing.  


This creates anxiety in any seller about moving out of their home prior to the transaction closing.  It is fairly common for the new owners to give the sellers seven to ten days to completely remove all of their belongings.

 

Sometimes if there is a storage building or shop on the property or the home has a garage, those areas can be used as transition areas; either to store seller's belongings in for a few days after the closing or to store the new owners household items in while in the moving stage.  


When you put your home on the market is THE time to think about how you're going to move, how you feel about moving prior to the transaction actually closing, and if you need time after closing to move, how many days would be adequate.  


We want our sellers to have to deal with moving BECAUSE we want their property to sell and work hard to create that very thing for them  BUT it is important to have some idea of timeframe you need for that big job AND if you're willing to do that before you close or if you need some time after closing.  

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Topic:
Home Selling
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Homes For Sale Fort Towson Oklahoma
Homes Land For Sale Idabel Oklahoma 74745
EXPRESS WITH WORDS AT ACTIVERAIN
Homes For Sale Broken Bow Oklahoma 74728
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Rainmaker
1,258,128
Anita Clark
Realtor - Homes for Sale in Warner Robins GA
ColdwellBanker SSK Realtors ~ 478.960.8055

Judi: Possession in my area takes place directly after the closing. 

June 15, 2012 10:07 AM
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Judi K Barrett
Broker/Owner, Integrity Real Estate Services -IDAB
Judi Barrett~Integrity Real Estate Services~Idabel, Oklahoma

Pat, Always a good idea to consider it PRIOR to HAVING to consider it.  :) Thanks!

June 15, 2012 10:14 AM
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Judi K Barrett
Broker/Owner, Integrity Real Estate Services -IDAB
Judi Barrett~Integrity Real Estate Services~Idabel, Oklahoma

Anita, is that set in stone, law, or just standard custom?

June 15, 2012 10:14 AM
Rainer
184,205
Linda Metallo DiBenardo
Re/max Impact, Lockport, Illinois

Possession is given the day of closing.   When the sellers go to the closing table they are already moved out.  Keys are turned over to the buyers when the transaction has funded.   That's  most typical in my market area.

June 15, 2012 12:41 PM
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Richard Iarossi
Crofton MD Real Estate, Annapolis MD Real Estate
Coldwell Banker Residential Brokerage

Judi,

Unless previously agreed to in an addendum, the home is to be vacant at settlement. And yes, this can absolutely present a problem at times.

Rich

June 15, 2012 02:19 PM
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Judi K Barrett

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