Opening doors

Before you ask....

As with the purchase process, the selling process raised many questions for sellers.  We though we’d give you the advantage of the answers before your ask:

 

When does the house have to be vacant?

 

Some agreements of purchase and sale indicate a specific time of the day for you to provide vacant possession to the purchaser.  If your agreement has such a provision, that is your complete answer.  Most agreements, however, provide for a specific date and not a time.  If you have specific circumstances that require a physical move later than early afternoon, make sure this is discussed with your agent at the outset of your transaction.  Remember you are not entitled to receive your sale proceeds until you have physically moved out.  There is nothing quite so frustrating as the realization a date before closing that your movers are booked for 4:00 p.m. on the closing date an you can’t get your sale proceeds to buy your new home until after they have finished.

 

How can I move out and in on the same day?

 

Many sellers do not understand how they can be obliged to move out before they are paid their sale proceeds.  “After all, how can I move out of my old home unless I have somewhere to move to?

I rented a small truck and its going to take quite a few loads.  How do I manage?”  Our best advice to all sellers is to plan a move that will enable you to be completely out of your existing house before moving into the new on the closing date.

 

There is a “domino” effect on busy closing days. “A” is buying from “B” who is selling to “C” and buying from “E” who is selling to “F” and buying from “G” - and all on the same day.  Your patience and understanding how your sale fits into this chain reaction will be your most valuable asset on your closing day.

 


THE MOVERS HAVE GONE

 

You’ve said your goodbyes, the house is empty but clean and ready to welcome its new owners, and you’re on your way.  We wish you all the best.