2007-05-22 07:23:52 · 7 answers · asked by Annette E 1 in Business & Finance ➔ Renting & Real Estate
Typically, it is 30 days, unless otherwise specified and agreed upon by all parties.
2007-05-22 07:28:46 · answer #1 · answered by Anonymous · 0⤊ 1⤋
ok i think several people are reading SOLD in different ways. When you have an agreement between you and a buyer the house is not officially SOLD.. it is just under contract. In the contract there will be a date of closing and typically it will say that you will vacate the property upon closing and funding - this means: when you go to sign final documents and give them your keys.. you should be out by that point, and have the place cleaned and left in some decent shape. Upon funding - when title company receives all the funds and dispurs them to you and all the other parties then a buyer has the right to enter the property.
In case you need more time speak to you realtor. They will ask the other party if they are willing to lease it back to you for certain # of days and X amount of money. That amount is typically calculated on daily basis - however much their mortgage would cost them.
2007-05-22 14:34:42 · answer #2 · answered by Natasa 2 · 0⤊ 0⤋
Immediately After closing the house is legally belongs to the people you sold it to. Its their house so you would have to move out at that point.
But it all depends on how you have structured your contract. Typically after the contract is signed most people do 30-90 day closing periods. Bu tthe bottom line is that the buyers get the keys at the closing settlement.. so at that point you would legally have to be out.
2007-05-22 14:27:16 · answer #3 · answered by Anonymous · 1⤊ 0⤋
In your contract you or your agent should have the time of possession. In a nut shell it tells the buyer if possession occurs at closing or before closing or if there is a lease back option. You should contact your listing agent and discuss it with them or the closing attorney
2007-05-22 14:30:01 · answer #4 · answered by timothy y 2 · 1⤊ 0⤋
It's a contractual matter between seller and buyer - it should be in the contract paperwork signed at closing.
2007-05-22 14:28:25 · answer #5 · answered by Caninelegion 7 · 0⤊ 0⤋
I assume that you are talking about Real Estate.....When you accept the money and transfer the deed you are a tenant. You no longer have any rights to the property..Thats why the other guy bought it, so he can move in...!!!
2007-05-22 16:41:13 · answer #6 · answered by buzzwaltz 4 · 0⤊ 0⤋
Depends on the sale contract. Generally, you will have 1-3 months.
2007-05-22 14:27:37 · answer #7 · answered by Blicka 4 · 1⤊ 2⤋