Let’s face it – at some point or another, we’ve all got to move to a new place. And sure, home selling is never an easy process; after all, a real estate transaction means going through quite an ordeal. But once the time to sell actually rolls around, people aren’t always ready to leave their home. Certainly, there’s no blaming the seller, because you can’t always be certain when your transaction will be closed. And that’s why we’ll talk about when a seller should move out after closing! Stay tuned for some handy tips.
While Under Contract
If you want to have a successful relocation after selling your home, you need to do it in a timely manner. But besides contacting a moving company like movingkingsnc.com, what else can you do to make sure all of this goes according to plan? Well, first of all, think about when you’re contractually obligated to relocate. There are two options for this; in one situation, a contract will specify when a seller needs to move out. But if there’s not such a clause present in the agreement, it generally means that the seller doesn’t have a legal basis for staying in the house once he’s given up his deed.
So, it may all be a matter of settling things with your new buyer, and seeing how open to negotiations they are. And sure, you might not need to take your toothbrush out of the house on the very day you’ve signed the contract with the buyer; but you should consider clearing out the bookshelves. As the moving day starts getting closer and closer, pack as many of your household goods as possible. You don’t want to be caught unprepared when it comes to the time to relocate. In the case that you haven’t got your new home prepared, you could look for a storage unit to keep your items there temporarily.
Once you decide on moving to CA from NC after selling, for example – you’ll need to tell your movers when exactly to come and pick you up. And that means one basic thing; having a good schedule in the middle of all of this. But when exactly should you move out after closing a deal on your home? Well, once you give over the deed, you won’t have any claim to the home; or, if you specify it in your contract, you’ll be able to get some extra time, though don’t count on that prematurely.
Regardless of when your moving day actually comes, we recommend leaving your home the night before, and booking a hotel. Or, alternatively, schedule your moving company so that they come early in the morning. All in all, you want to clear out your home as efficiently and quickly as possible, so as not to have any issues with the buyer who will undoubtedly arrive. And if you want to move after the deed is turned over, you’ll need to enter further negotiations.
Buying More Time
As we’ve mentioned above, your arrangements may require you to stay in the home you’ve sold for a small while, even after you’ve closed the deal. This isn’t an easy situation to be in, but if you’ve got agreeable buyers; you can negotiate for some extra time. For example, you can put in a clause in your purchase agreement, giving you something like 48 hours or 24 hours to move after the deal has been closed. Though, many people forget to think about this on time – and you may be in that situation yourself. However, if that’s the case, it’s nothing that you can’t fix.
If you talk to your buyer, they may be willing to give you the option to stay in the home for a period of time you both agree on, even without a clause dictating they allow you to do so. Bear in mind, though – your buyer may ask you for some additional compensation for this, and that’s not an uncommon practice. For example, you may have to pay a share of their insurance payments, taxes and/or mortgage for the time period you don’t move out after closing. And also, the buyer may simply not agree to you staying for an additional amount of time at all.
Staying After Closing
If you’re not able to work out a deal with your buyer, and you decide to stay after closing the deal – the pair of you may be ending up in a difficult legal situation. Speaking in technical legal terms, you become his tenant in the property, and he is now your landlord. But considering that you haven’t given them any rent money yet, the buyer can easily evict you. So, where does this leave you?
As you can see, if you need some time to move out after closing, there are options for you. But most, if not all of these depend, at the end of the day, on the good will of the buyer. And sure, we’re certain that you’ve tried to sell your home to amenable people; but in reality, that’s simply not always the case. That’s why it’s majorly important to have enough forethought while you’re selling your home and moving to a new place. Juggling these two things isn’t easy, but it’s something everyone has to do. Quite simply, you need to be ready for your relocation in the moment you sell your home. That way, you won’t be in a bind, and everything will be well-prepared for your transition to a new home.