Taking Possession
January 20, 2009
I was interested by one of the op ed pieces about the change in administration that is taking place today. The writer mentioned that the bushes would be moving out of the White House today and the Obamas would be moving in. All of this possession moving would be taking place while the inaugural activities were taking place. Last night the Bush family was in possession, tonight the Obama family will be the occupants of the White House.
Those of us in the business of selling homes know that the transition in the occupying of a property is one of the important coordination steps in a real estate transaction. Our purchase agreements have a clause which sets the time frames for this transition. It can be the day escrow closes or some time in the future. A buyer could even take possession under a rental agreement prior to the closing of the escrow.
The same day transition can be very tricky. The moving vans can be early or late. There can be more to move than was estimated. A van from out of the area can arrive with the new owners' possession before the old owner has vacated the property. The moving day can require much patience.
Taking possession of a new residence is an exciting time. It is important to pay attention to the details in planning for your move.
I was interested by one of the op ed pieces about the change in administration that is taking place today. The writer mentioned that the bushes would be moving out of the White House today and the Obamas would be moving in. All of this possession moving would be taking place while the inaugural activities were taking place. Last night the Bush family was in possession, tonight the Obama family will be the occupants of the White House.
Those of us in the business of selling homes know that the transition in the occupying of a property is one of the important coordination steps in a real estate transaction. Our purchase agreements have a clause which sets the time frames for this transition. It can be the day escrow closes or some time in the future. A buyer could even take possession under a rental agreement prior to the closing of the escrow.
The same day transition can be very tricky. The moving vans can be early or late. There can be more to move than was estimated. A van from out of the area can arrive with the new owners' possession before the old owner has vacated the property. The moving day can require much patience.
Taking possession of a new residence is an exciting time. It is important to pay attention to the details in planning for your move.
posted by shirley harry at 8:14 AM
0 Comments:
Post a Comment
<< Home