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Results 1 to 5 of 5
  1. #1
    lostsoul62 is offline Renter
    Join Date
    Oct 2009
    Posts
    4

    Default How much time until I have to move

    When a buyer agrees to buy my house, how long does it take to get the money into my bank account and how long would I have to move out?

  2. #2
    VegasAgent's Avatar
    VegasAgent is offline Fixer Upper
    Join Date
    Nov 2009
    Location
    Las Vegas, Nevada
    Posts
    28

    Default

    Different areas of the country have different customs when it comes to closing on property so you would need to ask a local real estate agent or title company what customs apply in your state. Your purchase contract should specify a closing date - the date when all paperwork is signed and the buyer's funds are deposited. This is a negotiated date between buyer and seller and can be as short as a week or as long as two or three months.

    In Nevada at the time the deed is recorded at the county recorder's office the buyer typically takes possession of the property immediately unless the purchase contract contained a specific provision for the seller to remain in the property for a few days after closing (this can be negotiated). The seller can expect to receive a check from the title company on the same day the deed is recorded, unless recordation is late in the afternoon. In that case the seller would receive his proceeds the next morning.

    In other states where attorneys are used for closing, the buyers, sellers, both real estate agents and the attorneys all gather at an actual closing table where keys are exchanged and checks are disbursed immediately. Again this is a matter of local custom.
    VegasAgent

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  3. #3
    dan schuman is offline Fixer Upper
    Join Date
    Nov 2009
    Location
    Cleveland
    Posts
    19

    Default

    As VegasAgent mentioned, closing, transfer and possession dates ( move out date ) will be mentioned in the purchase agreement and should be adhered to by all parties. Keep in mind that while everyone tries to follow the dates mentioned in the contract, there are things that can happen, such as a delay in the buyers' financing, that are out of your control. If you have an agent, he/she should be proactive in making sure the transaction is moving according to the dates outlined in the purchase agreement. If problems arise that will delay closing, your agent should communicate these to you. Best wishes on a smooth transaction.

  4. #4
    GregSidooff is offline Fixer Upper
    Join Date
    Nov 2009
    Posts
    24

    Default

    It is negotiable. Based upon the negotiations that each side has agreed. In my style of handling this kind of issue, it depends on the things you have in the house. 1-4 weeks is enough before the buyer can take the full control of the property. In this matter,written documents are highly considered to avoid legal problems and confrontation.

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    Last edited by GregSidooff; 11-11-2009 at 11:23 PM.

  5. #5
    Moore is offline Condominium
    Join Date
    Oct 2009
    Posts
    252

    Default

    It depends how hard your agents work and how well they can negotiate, but usually it takes about a month. At least i don't know cases when people sold their houses quicker, because it's too serious.

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