Reply to A question for agents and others re the legal position as it pertains to the closing date

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Possession passes to the new owners at closing or when the buyer’s mortgage lender disburses the funds, which usually happen at the same time. Lots of people negotiate a move out date, such as a week after closing.[/quote]

The Buyers will not agree to any sort of rent-back for any period however short. They insist on taking possession the day the transaction closes and want a vacant house.[/quote]

You make it sound like your buyers are being a pain in the ass. Maybe they are in a situation that doesn't allow them the time to wait for you to move your shit out. We were in such a place (at the end of our lease), and would not have agreed to it past a certain date. Maybe they have someone coming in after they close to redo the floors, or whatever. Anyway, it doesn't matter why because it's their house after you sign on the dotted line.

Also, if you wanted rent back it should have been in your contract, not something you try to negotiate after the fact. Get a storage unit/pod delivered if you have to. They can store it for you at a warehouse.[/quote]

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