People still living in the property we are purchasing. What do we do?

[Erin P.]

Hello BP!

What would you suggest that we do in this situation?....We are set to close on a fix and flip property on 8/3. The property is currently in a trust. The owner has passed away and the successor trustee is now selling the property to us. There are 8 or so siblings who stand to get an inheritance from the proceeds. Two of the siblings currently live in the house. All of the siblings, including the two living in the property, are pressuring us to close quickly because they all need the money. However, the two living in the property don't want to have to move until the 15th. How do we best protect ourselves from a situation where the two siblings decide not to move out, or want to take their sweet time?

[Erin P.]

Thank you all for your great advice! We decided to go ahead and close, but only after the trustee signed an escrow amendment stating that no funds would be released until the house has been delivered vacant. They were out in a day and a half!! I am certain that things would have likely gone very differently had we not put that amendment in place. Thank you all again for taking the time to share your thoughts and advice. Go Bigger Pockets!