buyer wants access to property before closing

Posted by on Dec 30, 2020 in Uncategorized

If the closing is to take place not long after the start of the month, the buyer may want to move in early so they aren't saddled with another rent or mortgage payment on their former property. I've had agents say not to allow access post inspection before closing so they don't see something that makes them want to back out. Beyond a lost deposit and fees, there aren’t many other lasting consequences for a buyer who backs out of a home sale under the terms of the contract, but there is always potential for legal action from the seller . In some circumstances, this isn’t a problem. Final walk through before closing is very important for buyers. The same position I take, as an agent, but some sellers allow access usually in the garage, shed and outside but sometimes in spare rooms. I would allow access, but I don't think it's mean not to. The sellers logic is usually they get some feeling of reassurance that the buyer is being serious. It is not uncommon for the buyer to want to get contractors lined up for renovations that they will be doing after closing well before the closing happens. The buyer finds unexpected condition issues or other circumstances in the home that cause them to renege. Buyers will be responsible for covering fees like home inspections and appraisals, even if the sale is canceled before closing. The buyer has asked to come round, apparently to do some measuring up for work they want done. In the state of Massachusetts, where lawyers are typically involved in the purchase contract, Purchase and Sales agreements are often written with language that allows buyers access a set number of times prior to closing. For example, if they simply want to measure for curtains or take a final look around, this visit can be supervised by an estate agent and no keys need to be handed over. Per the contract sometimes seller might have accidentally removed items that were considered real estate and not real property and failed to list them or perhaps damage happened between contract date to close date and wasn't disclosed. Some even before an exchange. The buyer and the their contractor(s) are not so much looking for defects (as would be the case with an inspection) as they are taking measurments for potential projects. Is this OK or should such requests be made after contracts have been exchanged? He works for a contractor himself and would be doing this at his expense. They can be difficult to remove after financing fails. I'd offer dates and times that work for you or tell them they can do it the 2 weeks after you move out. After exchange of contracts, some purchasers will want access to the property before the day of completion. Your solicitor, as well as your EA, will toe the official line and say 'no way'. May you have access before closing to clean the house? It depends on a couple of things: How is real estate practiced in your area, how the seller feels about it, and how contracts are written. Interesting new case - The buyer wants access to the property BEFORE close of escrow to do repairs on the house prior to appraisal (the house has some open walls and ceilings from unfinished restoration). The answer is it is best to wait until you have the keys to the house and it belongs to you before you do anything at all to the house, even clean For Clarksville TN Real Estate contact Debbie Reynolds at 931-320-6730. For these reasons and their first-hand experiences, the majority of real estate agents would strongly advise against allowing the buyer to store furniture or move – in before closing. Dates and times that work for you or tell them they can do it the weeks! Up for work they want done access before closing of reassurance that buyer... 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