A written agreement to move into a house prior to the close of escrow can be know as a pre possession agreement, pre-closing occupancy or early move in agreement. Regardless of the name, this addendum allows the buyer to move in prior to the buyer owning the home. This adds additional risk for the seller. Agents have a responsibility to advise their clients to seek professional counsel prior to entering into a pre possession / pre closing occupancy agreement.
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Arizona post possession agreements are no big deal, right?
What is the solution when a seller needs an extra week to move out, or needs the funds from the sale of the home in which they’re living to purchase their next home? What’s the problem with staying in the house they just sold for another week or two or even a month? Well, plenty can go wrong! And if it is something that you are considering, make sure a well thought out post closing occupancy agreement is signed by the buyer and seller.
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Understanding Buyer Closing Costs
One of the least understood costs that a buyer will encounter when purchasing a house are buyer closing costs. In part, this is because buyer closing costs come from different sources. There are lender fees, prorations for taxes and home owner’s insurance as well as funding the escrow account, title and escrow charges, title insurance, and HOA fees such as transfer and capital improvement fees. To understand the details, continue reading.
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Most Common Mistakes Buyers Make
In order to make your home buying experience as successful as possible it is critical to avoid costly home buying mistakes. This is especially true since buying a home will be the most expensive purchase a buyer will make in their lifetime. Keeping these potential mistakes in mind will benefit a buyer as they navigate the home buying process. To learn more about the most common buying mistakes, read on…
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How private is your showing?
Technology is constantly changing our lives and we all enjoy the time saving apps and devices that accompany these advances. And what could be more reassuring to our sense of safety than state of the art door bells, wireless devices, and indoor/outdoor security cameras. However, these technological gadgets should give buyers pause as the visit houses to find the home of their dreams. How private are the showings when you visit a house? The reality is the seller(s) may be using them to observe the buyers as they tour their house, and they are probably listening to the conversations.