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We're supposed to close in 12 days - but my realtor indicated they'd like to move up the date if possible. I'm not moving straight into the house, and still have 6 weeks on my leased apt, so I'm not in a huge rush. They, on the other hand, have already closed on their new home. Am I being horrid if I turn down the request? They haven't yet finished all of the requested repairs, so even if they jumped on that, it would probably mean we closed week early - but that's just an additional week of interest for me to pay, right? Input, please!
Yep, 1 more week of taxes, interest and principal. It might give you 1 more week to clean it up or get it ready to move into, that's about it if you don't need it.
Just tell them you don't have the additional money. Now if they want to throw in something that makes it worth your while... say some money towards closing costs.
Thanks, Rakin - - my realtor said the same thing as you. I'm just a nervous nelly who needs to double and triple check things, it seems, in this transaction!
It seems that the seller needs immediate liquidity with the recent purchase. If you have no problem with early closing, I suggest you should ask for closing cost credit equal to the amount of PITI + HOA (if applicable). This is a fairly reasonable request to the sellers.
The advantage to you would be some extra time to paint or whatever you plan to do prior to moving in as well as some extra time to get your stuff moved.
IMO I wouldn't want them to have to 'hurry' the repairs.
Closing closer to the end of the month is usually better $ wise....
acegolfer and rakin had good advice.
See I would close early and ask for a monetary credit for the repairs rather than have them done...then you have the cash to make the repairs AND you get to get in early - to get paint and other things done - just my two cents
The lender may be the problem. If you close a year from Christmas, you'll be waiting for the loan documents until the last minute.
I've never quite understood why they can't have them out a day or 3 early.
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