breach of contract?

[bubba99]

Dont forget about the worst case scenario – they just refuse to move from the house you now own. Eviction is a long expensive process. Do they have a place they plan to move? Is it a short sale? Children and school years?

I have always insisted vacant at COE

[SK in CV]

Having been in that position before, I’d recommend you be reasonable. If delaying occupancy a few days is not a big deal for you, then figure what reasonable rent for the few days would be, and allow it. To be safe, you might want to include some sort of damage deposit, but remember, these are the people that have been living in the house. The likelihood that they’ll change their lifestyle, and do a lot of damage, because you did them a favor is pretty slim.

Shit happens. Maybe the place they were planning on moving into won’t be ready. Maybe they have some sort of family emergency. There’s no reason to bend over backwards for them. But neither is there cause for you to make their lives miserable, just because you can.

And yes, of course it’s legal. They would like to rent it back from you for a few days. It may be a perfectly logical request. You don’t have to do it. You’re free to be an asshole.

[SK in CV]

Having been in that position before, I’d recommend you be reasonable. If delaying occupancy a few days is not a big deal for you, then figure what reasonable rent for the few days would be, and allow it. To be safe, you might want to include some sort of damage deposit, but remember, these are the people that have been living in the house. The likelihood that they’ll change their lifestyle, and do a lot of damage, because you did them a favor is pretty slim.

Shit happens. Maybe the place they were planning on moving into won’t be ready. Maybe they have some sort of family emergency. There’s no reason to bend over backwards for them. But neither is there cause for you to make their lives miserable, just because you can.

And yes, of course it’s legal. They would like to rent it back from you for a few days. It may be a perfectly logical request. You don’t have to do it. You’re free to be an asshole.

[SK in CV]

Having been in that position before, I’d recommend you be reasonable. If delaying occupancy a few days is not a big deal for you, then figure what reasonable rent for the few days would be, and allow it. To be safe, you might want to include some sort of damage deposit, but remember, these are the people that have been living in the house. The likelihood that they’ll change their lifestyle, and do a lot of damage, because you did them a favor is pretty slim.

Shit happens. Maybe the place they were planning on moving into won’t be ready. Maybe they have some sort of family emergency. There’s no reason to bend over backwards for them. But neither is there cause for you to make their lives miserable, just because you can.

And yes, of course it’s legal. They would like to rent it back from you for a few days. It may be a perfectly logical request. You don’t have to do it. You’re free to be an asshole.

[SK in CV]

Having been in that position before, I’d recommend you be reasonable. If delaying occupancy a few days is not a big deal for you, then figure what reasonable rent for the few days would be, and allow it. To be safe, you might want to include some sort of damage deposit, but remember, these are the people that have been living in the house. The likelihood that they’ll change their lifestyle, and do a lot of damage, because you did them a favor is pretty slim.

Shit happens. Maybe the place they were planning on moving into won’t be ready. Maybe they have some sort of family emergency. There’s no reason to bend over backwards for them. But neither is there cause for you to make their lives miserable, just because you can.

And yes, of course it’s legal. They would like to rent it back from you for a few days. It may be a perfectly logical request. You don’t have to do it. You’re free to be an asshole.

[SK in CV]

Having been in that position before, I’d recommend you be reasonable. If delaying occupancy a few days is not a big deal for you, then figure what reasonable rent for the few days would be, and allow it. To be safe, you might want to include some sort of damage deposit, but remember, these are the people that have been living in the house. The likelihood that they’ll change their lifestyle, and do a lot of damage, because you did them a favor is pretty slim.

Shit happens. Maybe the place they were planning on moving into won’t be ready. Maybe they have some sort of family emergency. There’s no reason to bend over backwards for them. But neither is there cause for you to make their lives miserable, just because you can.

And yes, of course it’s legal. They would like to rent it back from you for a few days. It may be a perfectly logical request. You don’t have to do it. You’re free to be an asshole.

[bearishgurl]

This request has been made of me a couple of times as a buyer because the property my seller(s) were in simultaneous escrow to purchase was not going to close exactly on time. Both times it was for less than a month and I made sure it was more than worth my while to do this and that I was paid their future rent in escrow, AFTER getting the lowdown on their holdup from the escrow officer handling the concurrent transaction.

In both instances, their transactions closed on time or a little early and my sellers moved out in a timely manner, leaving everything fine – no problems at all. If handled by competent agents representing ethical seller-occupants, I think this arrangement could work out. However, I have always written offers to deliver the property vacant and would not agree to this or advise a buyer to agree to this if the occupants were tenants or the problems holding up the concurrent escrow involved appraisal or financing issues.

[bearishgurl]

This request has been made of me a couple of times as a buyer because the property my seller(s) were in simultaneous escrow to purchase was not going to close exactly on time. Both times it was for less than a month and I made sure it was more than worth my while to do this and that I was paid their future rent in escrow, AFTER getting the lowdown on their holdup from the escrow officer handling the concurrent transaction.

In both instances, their transactions closed on time or a little early and my sellers moved out in a timely manner, leaving everything fine – no problems at all. If handled by competent agents representing ethical seller-occupants, I think this arrangement could work out. However, I have always written offers to deliver the property vacant and would not agree to this or advise a buyer to agree to this if the occupants were tenants or the problems holding up the concurrent escrow involved appraisal or financing issues.

[bearishgurl]

This request has been made of me a couple of times as a buyer because the property my seller(s) were in simultaneous escrow to purchase was not going to close exactly on time. Both times it was for less than a month and I made sure it was more than worth my while to do this and that I was paid their future rent in escrow, AFTER getting the lowdown on their holdup from the escrow officer handling the concurrent transaction.

In both instances, their transactions closed on time or a little early and my sellers moved out in a timely manner, leaving everything fine – no problems at all. If handled by competent agents representing ethical seller-occupants, I think this arrangement could work out. However, I have always written offers to deliver the property vacant and would not agree to this or advise a buyer to agree to this if the occupants were tenants or the problems holding up the concurrent escrow involved appraisal or financing issues.

[bearishgurl]

This request has been made of me a couple of times as a buyer because the property my seller(s) were in simultaneous escrow to purchase was not going to close exactly on time. Both times it was for less than a month and I made sure it was more than worth my while to do this and that I was paid their future rent in escrow, AFTER getting the lowdown on their holdup from the escrow officer handling the concurrent transaction.

In both instances, their transactions closed on time or a little early and my sellers moved out in a timely manner, leaving everything fine – no problems at all. If handled by competent agents representing ethical seller-occupants, I think this arrangement could work out. However, I have always written offers to deliver the property vacant and would not agree to this or advise a buyer to agree to this if the occupants were tenants or the problems holding up the concurrent escrow involved appraisal or financing issues.

[bearishgurl]

This request has been made of me a couple of times as a buyer because the property my seller(s) were in simultaneous escrow to purchase was not going to close exactly on time. Both times it was for less than a month and I made sure it was more than worth my while to do this and that I was paid their future rent in escrow, AFTER getting the lowdown on their holdup from the escrow officer handling the concurrent transaction.

In both instances, their transactions closed on time or a little early and my sellers moved out in a timely manner, leaving everything fine – no problems at all. If handled by competent agents representing ethical seller-occupants, I think this arrangement could work out. However, I have always written offers to deliver the property vacant and would not agree to this or advise a buyer to agree to this if the occupants were tenants or the problems holding up the concurrent escrow involved appraisal or financing issues.

[Buyer_Newbie]

Thanks for all the info/advice. I hope it doesn’t turn into the worst case scenarios mentioned here.

The sellers get the keys to their new place a few days after COE. It is a royal pain for us if they don’t move out b/c we have made arrangements for flooring to get done. There’s also a complicated financial strain if we ourselves delay moving. As much as we don’t want to be jerks about it, I don’t feel it’s right for them to throw this on us so late in escrow.

[Buyer_Newbie]

Thanks for all the info/advice. I hope it doesn’t turn into the worst case scenarios mentioned here.

The sellers get the keys to their new place a few days after COE. It is a royal pain for us if they don’t move out b/c we have made arrangements for flooring to get done. There’s also a complicated financial strain if we ourselves delay moving. As much as we don’t want to be jerks about it, I don’t feel it’s right for them to throw this on us so late in escrow.

[Buyer_Newbie]

Thanks for all the info/advice. I hope it doesn’t turn into the worst case scenarios mentioned here.

The sellers get the keys to their new place a few days after COE. It is a royal pain for us if they don’t move out b/c we have made arrangements for flooring to get done. There’s also a complicated financial strain if we ourselves delay moving. As much as we don’t want to be jerks about it, I don’t feel it’s right for them to throw this on us so late in escrow.

[Buyer_Newbie]

Thanks for all the info/advice. I hope it doesn’t turn into the worst case scenarios mentioned here.

The sellers get the keys to their new place a few days after COE. It is a royal pain for us if they don’t move out b/c we have made arrangements for flooring to get done. There’s also a complicated financial strain if we ourselves delay moving. As much as we don’t want to be jerks about it, I don’t feel it’s right for them to throw this on us so late in escrow.

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