Moving out after closing

gezz36

We are planning on closing sale and purchase on the same day in a few weeks. Has anyone ever closed but not moved out until a couple of days later. Hoping our purchasers agree to this as new home needs a good cleaning and minor repairs first?

Cuddlesworth

gezz36 wrote: »

We are planning on closing sale and purchase on the same day in a few weeks. Has anyone ever closed but not moved out until a couple of days later. Hoping our purchasers agree to this as new home needs a good cleaning and minor repairs first?

Yeah, your going to need to push back the closing date....

whippet

gezz36 wrote: »

We are planning on closing sale and purchase on the same day in a few weeks. Has anyone ever closed but not moved out until a couple of days later. Hoping our purchasers agree to this as new home needs a good cleaning and minor repairs first?

Not a hope ... the purchasers solicitor won’t allow it

Cuddlesworth

whippet wrote: »

Not a hope ... the purchasers solicitor won’t allow it

Do they have the contracts signed by both party's. If they do, then you will need to couch surf or hope that your new property is available for you.

bertsmom

I recall when we were purchasing this house the idea was 'floated' that we wouldn't move in straight away and we might give the sellers breathing room as they called it but to be honest with the amount of money and time involved in purchasing property we didn't even entertain the idea. Dates were set and that was that as far as we were concerned. Didn't even get our solicitors advice on that. Good luck with it all OP but If I was in your position I would certainly be preparing to be out clean on the closing date.

Bob24

Also if any issue arises in the property after the closing date but while the seller is still in, there could be an ackward situation whereby it is not clear who is responsible for it. And ultimately the buyer will have very little legal protection.

So if I was the buyer I wouldn’t consider it. Even if you want to do a friendly gesture and don’t need the property immediately the amount of money at stake is too large to take any chance about anything.

Dee01

We tried when we bought and sold last year - not a hope in hell. The house we left was vacant for 3 months, but they still didn't entertain any arrangement with us. We'd verbally been told it should be ok, so had packed up bits and pieces, but no where near the whole house. We ended up with my parents for a few months while repairs etc were carried out. Good luck OP.

The_Conductor

A prospective purchaser cannot draw down a mortgage until they have vacant possession of a property- so technically- you couldn't close and sign if you didn't have vacant possession.

mloc123

So what do people do (asking as we will be in this situation in a few weeks)... Is it possible to sell/buy/move all on one day? The house we are buying is empty and ready to move into.

The alternative for us is to have the moving company put everything in storage for a few days and stay with relatives.

Claw Hammer

mloc123 wrote: »

So what do people do (asking as we will be in this situation in a few weeks)... Is it possible to sell/buy/move all on one day? The house we are buying is empty and ready to move into.

The alternative for us is to have the moving company put everything in storage for a few days and stay with relatives.

The vendor might allow you in to clean before the closing. It is certainly possible and desirable to do everything on the one day.

Call me Al

Yes you close on the same day as vacant possession is provided. It's entirely up to you whether or not you move into your new home that day or not. Plenty i know have chosen to rent after they sell if the new home isn't ready to live in, but you certainly have to have moved out.

Think about it this way.... It's not your home anymore, so what happens if there's a fire, or the house is damaged in some way. And you can just walk away into your new clean fully repaired home. Your buyers are taking all the risk with no up-side.
Eta we were in a chain of 3, or maybe 4 i think, and all managed to be out of their old home and into the new one by evening time.
Get a van and ask friends for help, box your stuff up in plenty time and don't be dilly-dallying.

Victor

gezz36 wrote: »

We are planning on closing sale and purchase on the same day in a few weeks.

Why can't you delay moving out by a few days? Ask that the closing date be changed.

Imagine the situation for the buyer if say the kitchen and bathroom fittings disappeared between the two dates?

gezz36 wrote: »

Hoping our purchasers agree to this as new home needs a good cleaning and minor repairs first?

Ask the vendor if you can have a cleaning contractor do some cleaning before closing date.

Claw Hammer

Victor wrote: »

Why can't you delay moving out by a few days? Ask that the closing date be changed.

Doesn't solve anything. The o/p has to move into the new house the day he vacates. the problem is not with the house he is leaving, it is the one he is acquiring.

Victor wrote: »

Ask the vendor if you can have a cleaning contractor do some cleaning before closing date.

That is what I suggested several posts ago!

allybhoy

So basically your asking the buyer can you live in his house rent free for a few days \ weeks until your own place is ready?

Either amend the closing date or book into a hotel for a few days...or move into your new home early.

gezz36

Could close our new house days before and get to work on that but our problem is the mortgage conditions state that the solicitor must close sale of current house before closing on new purchase. We would have funds to close new one first and then close old house when we have everything moved out after a few days but looks like we can't do this....Will speak to solicitor and see what he says...This is why we are due to close both on same day, would love to close new house first and get it cleaned!! Will look at access to clean it beforehand too..

Claw Hammer

allybhoy wrote: »

So basically your asking the buyer can you live in his house rent free for a few days \ weeks until your own place is ready?

Either amend the closing date or book into a hotel for a few days...or move into your new home early.

An amended closing date solves nothing. The o/p's problem is that he can't close the new house until after he closes the old one. A hotel won't take all the o/ps furniture.

BrokenArrows

gezz36 wrote: »

Could close our new house days before and get to work on that but our problem is the mortgage conditions state that the solicitor must close sale of current house before closing on new purchase. We would have funds to close new one first and then close old house when we have everything moved out after a few days but looks like we can't do this....Will speak to solicitor and see what he says...This is why we are due to close both on same day, would love to close new house first and get it cleaned!! Will look at access to clean it beforehand too..

Its unlikely you will be able to swing this. Its a highly stressful period and the buyers of your place wont want you hanging around in case you become squatters.

Just rent a moving van for a few days. Pack up all your stuff and stay in a hotel for a few days until you get the new place ready.

Juwwi

Is the new house vacant at the moment ?
If so they might let cleaners access it to clean it ,unlikely you will be given keys for it .

If you had relations or friends to stay with for a few days you could put furniture in storage while work is going on but will cost and you'd be paying furniture removal twice .

Thats the least stressful way of doing it imo.

astrofool

We bought and sold on the same day, talk to your solicitor and they will advise, essentially the banks will need to release the funds a couple of days prior to closing, to be held by the solicitor, who will wait for the funds of your sale, then transfer them to the vendors solicitor (the transfers themselves aren't instantaneous either, so you need to make sure the right money is in the right place at the right time to make it happen).

We sold at about 11:30am, and bought at 2pm, moving truck went between the two.

astrofool

The_Conductor wrote: »

A prospective purchaser cannot draw down a mortgage until they have vacant possession of a property- so technically- you couldn't close and sign if you didn't have vacant possession.

This is not entirely true, the funds can be transferred to the solicitor to be held prior to closing (and technically have to be as there is limits on the transfer amounts that can be done per day).

__..__

We turned up at a house we bought with the moving van only to be met at the door from people who sold it to us saying they weren't ready to move yet. The sale was closed that morning. They refused to move for another week and we had to pay for storage and go to a hotel. We even called the police who and a word with them but we were still in the hotel 8 days.

We could have taken it further but were just glad to get the house we had bought.
Never buy anything without vacant possession, even though we allegedly bought with vacant possession.

gezz36

Closing in a couple of weeks on sale and purchase the same day. Our purchasers have agreed to let us move out over 3 days after closing as they are not in a rush to move in!!! Delighted, no pressure on the day!!

__..__

__..__ wrote: »

We turned up at a house we bought with the moving van only to be met at the door from people who sold it to us saying they weren't ready to move yet. The sale was closed that morning. They refused to move for another week and we had to pay for storage and go to a hotel. We even called the police who and a word with them but we were still in the hotel 8 days.

We could have taken it further but were just glad to get the house we had bought.
Never buy anything without vacant possession, even though we allegedly bought with vacant possession.

I would have physically removed them if I was in that situation. This isn't a rental situation they would have no RTB to go crying to. They were trespassing and there is no way I would have stood for it.

cornflake1

We bought a house recently and the vendors asked if they could stay a few more days after closing. They were willing to pay market rate rent. Our solicitor advised against it and said we would have to talk to our insurance company in case something happened over the few days and if we would be covered. Their solicitor wanted nothing to do with it. It was too much hassle and risk on our side so we said no.