The closing on the sale of your home is Friday morning at 11:00, and that
afternoon at 3:00 you are to complete the transaction on the house you are
buying. Your sellers are completing the purchase of their new house on Monday.
As sellers, each of you is obligated to leave your house vacant and clean at the
time of the closing, and you will take possession of the home you are buying
after the closing.
If you are faced with a game of musical moving vans, you may want to negotiate
with your buyers or sellers to remain in your old house for a few extra days or
move your belongings into the new home a little early. You should draw up a
written agreement which details your arrangement, such as the amount of rent,
the move-in or move-out date, and any agreements regarding utilities, insurance,
or a damage escrow. If you need to make special arrangements for your move, let
your Realtor know and work out the details as early as possible before the
closing.
