There are many reasons someone may need cash at closing for a property they sold but still need access to the property after the closing.
Here are 5 Things to Consider if You Need Cash for Your House Now And Need Time to Move Out Later
1. Are you legally allowed to sell the house?
Be sure you have the legal authority to sell the property before you begin negotiations.
2. Never hurts to ask
If the buyer does not offer you time after the closing you can always bring it up and ask.
3. Some may want to hold money in escrow for security against damages
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Many buyers will agree to allow you to remain in property shortly afterward if there are protections for the buyer such as funds in escrow or even having you sign a short term renter’s lease.
4. Put the agreement in writing.
Whatever your agreement is make sure it is in writing and signed by all parties. It is best if the agreement is included within the purchase agreement
5. Negotiate help with moving
You can also ask for help funding your moving and clean out activities.
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