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Houses dont just sell. You have to have a closing and sign paperwork. So you knew the house sold. Why did you need longer than a weekend to move? You knew you were moving.
I can see where this could happen. I sold my house and the day after it was sold, which was a Friday, my realtor came to me and said I had the weekend to move out. The problem was, I wasn't told the house had sold until Friday.
Negative. A seller knows when his/her house sells. Realtors can't close on a house for you. The seller must sign the house over to the buyers. The seller either has to be present for the sale (almost all instances), or must Docusign the paperwork which stipulates the exact closing date. You look at the calendar and know when you have to leave. It's not difficult. Besides, there is the obvious matter of what a sale is. Everyone knows that when they sell any item, they know longer own it, so in the matter of a home sale, once they sell it, they must leave the property. It's not theirs to live in anymore.
I can see where this could happen. I sold my house and the day after it was sold, which was a Friday, my realtor came to me and said I had the weekend to move out. The problem was, I wasn't told the house had sold until Friday.
Meaning you had an offer, or the transaction closed? You have to sign numerous papers before closing. If you had an offer, you would have had to mutually decide on the closing date. There is no way it should have been a surprise.
Negative. A seller knows when his/her house sells. Realtors can't close on a house for you. The seller must sign the house over to the buyers. The seller either has to be present for the sale (almost all instances), or must Docusign the paperwork which stipulates the exact closing date. You look at the calendar and know when you have to leave. It's not difficult. Besides, there is the obvious matter of what a sale is. Everyone knows that when they sell any item, they know longer own it, so in the matter of a home sale, once they sell it, they must leave the property. It's not theirs to live in anymore.
Simply untrue. Either buyer or seller can control close and practically their agent. This again differs between states particularly those in the east and west. In general escrow will close when all the conditions are met unless a specific provision is made to delay it. In some closing you may sign a document saying this will happen though sometimes not. Buyer and Seller sign at different times sometimes weeks in advance of the actual close. Seller controls with the deed. Buyer controls with funding.
I even know of a case where it closed after the escrow was told not to close it.
So yes it is possible for an escrow to close before the seller is expecting it.
Simply untrue. Either buyer or seller can control close and practically their agent. This again differs between states particularly those in the east and west. In general escrow will close when all the conditions are met unless a specific provision is made to delay it. In some closing you may sign a document saying this will happen though sometimes not. Buyer and Seller sign at different times sometimes weeks in advance of the actual close. Seller controls with the deed. Buyer controls with funding.
I even know of a case where it closed after the escrow was told not to close it.
So yes it is possible for an escrow to close before the seller is expecting it.
But you know it's coming. You know you are under contract and it will close around or by a certain day. There is something wrong when an owner does nothing to prepare for a move when their house is under contract.
But you know it's coming. You know you are under contract and it will close around or by a certain day. There is something wrong when an owner does nothing to prepare for a move when their house is under contract.
Yes you do know it is going to close even if not exactly when.
Read the thread again. OP was all packed up and ready to go. Just hung up by failure of her new place to close.
Yes you do know it is going to close even if not exactly when.
Read the thread again. OP was all packed up and ready to go. Just hung up by failure of her new place to close.
Read more carefully. The last few responses are in reply to this
Quote:
Originally Posted by rodentraiser
I can see where this could happen. I sold my house and the day after it was sold, which was a Friday, my realtor came to me and said I had the weekend to move out. The problem was, I wasn't told the house had sold until Friday.
It seems unlikely that a seller could be unaware that the closing on their house occurred until after they were told it had already happened. Local practices vary but I've never heard of any that didn't include both parties executing documents.
As for the OP, the fact that her new purchase hadn't closed isn't relevant to the timing she is contractually obligated to vacate the house she sold. It's clear from the thread that there was no contingency allowing her to stay indefinitely and the buyers already granted an extension. Presumably they had their own timetable to manage, including most likely having to vacate the house they were previously living in, whether that was due to a sale or to terminating a lease. The OP's issues don't change that, nor the fact that they were the legal owners of the house she is upset at being told she had to vacate. She just assumed that all she had to do was ask for another extension at the last minute and that request would be granted and then took no further action even when her agent said that she could not ask for another extension.
I can see where this could happen. I sold my house and the day after it was sold, which was a Friday, my realtor came to me and said I had the weekend to move out. The problem was, I wasn't told the house had sold until Friday.
Quote:
Originally Posted by carnivalday
Houses dont just sell. You have to have a closing and sign paperwork. So you knew the house sold. Why did you need longer than a weekend to move? You knew you were moving.
rodentraiser, even if you signed all of the paperwork in advance it would appear that there had to have been a closing date set to have the correct information in that paperwork. For example, if you signed paperwork June 1st it would only list the prorated property taxes until that date, so if the actual closing took place on July 1st, the paperwork would be off by a month's worth of taxes.
And, if you had the house on the market and a signed offer to purchase, you must have had a strong indication that you would need to move out soon.
(unless I am completely missing something in your post).
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