How Long Does the Seller Have to Move Out After Closing?
AuthorAmanda Dodge. Date:
Most buyers expect the seller to be out of the property by the closing date, but misconceptions about move-out timing are one of the most common causes of conflict in real estate transactions. There is no universal standard for when sellers must vacate, which means the terms you agree to depend entirely on what’s negotiated in the contract. This guide will cover everything you need to know about taking possession of your property and getting the seller to move out. We will also cover legal implications if the seller does not move out on time. Closing Date vs. Possession Date: What’s the Difference? The first thing to know is that there are two important dates included in your purchase agreement: the closing date and the possession date. The closing date is when the property legally changes hands through document signing and fund transfers. The possession date is when the buyer … Continued
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