Summary: A home buyer purchased a home and agreed to let the seller's stay in the home for fourteen days. But now the home buyers cannot get the sellers to move. Having a good attorney to represent them at the closing could have helped this home buyer avoid this problem.
Q: I just have to vent a bit about my impending move to my new home. It's totally my fault for not being more careful on my contract.
My husband and I gave the sellers 14 days to vacate the premises at no charge. In retrospect, it was a huge mistake. But we were told at the time that the 14 days was a deal-breaker and if we didn't agree, the sellers wouldn't sell to us.
Now that we've closed, the sellers refuse to tell us when they're moving. It's been impossible to set firm dates on our move, schedule utilities, schedule the final walk through, schedule days off work, etc.
I told my agent over the weekend -- I may have been yelling at this point -- that, in hindsight, I would have rather lost the house than agreed to this deal. I guess I'm just still incredulous how inconsiderate this couple is.
Is there anything we can do now to fix this problem?
A: It never pays to be that nice in real estate. Your real estate attorney should have been smart enough to hold back funds from the closing. That would have given them an incentive to move. You might have also agreed to start charging them a steep per-diem fee on day 15.
Your attorney, if you had one, has misrepresented your interests -- unless he told you this might happen and counseled you strongly against it. I'd have your attorney contact the seller's attorney and let him/her know that you will be filing a lawsuit on day 15 if they're not out of there. You need to get some leverage so you can get control back of the situation.
If you're buying in a state in which attorneys aren't typically used to close residential house deals, your situation is a perfect example of why attorneys should be used to go over the fine details in a contract and make sure the buyer's and seller's interests are well protected.
See more articles on this topic by clicking on the "RELATED ARTICLES" above and to the right.
We have over 5000 articles on Real Estate Advice, Personal Finance Advice and Consumer Advice on our site. We encourage you to look at these articles. As always, if you have a comment on our articles, don't forget to post your comment below. We thank you for coming to ThinkGlink.com.
© Ilyce R. Glink. All rights reserved. This content may not be used, distributed, syndicated, compiled or excerpted in any medium or form without written authorization from Think Glink, Inc. For information on syndicating ThinkGlink.com please contact us.
Additional Topics
(View All Topics)consumer advice credit estate planning home buying ilyce glink mortgage mortgage lenders mortgage loan personal finance advice real estate real estate advice real estate agent refinance mortgage selling taxes









Comments
No comments have been posted.