Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

467
Posts
161
Votes
Matt Berklacy
  • Rental Property Investor | Realtor
  • Jacksonville FL | Savannah Ga |Raleigh NC
161
Votes |
467
Posts

when seller asks to stay past closing, how is best handled?

Matt Berklacy
  • Rental Property Investor | Realtor
  • Jacksonville FL | Savannah Ga |Raleigh NC
Posted

in this transaction, my assignment of contract and original purchase/sale contract is already signed off by end-buyer, deposit is made by end-buyer, and closing set.

Seller asked, after the fact, if can stay 14 days free after closing. i asked end buyer, he verbally said ok, and he also offered monthly lease-back at fair rate to seller. Seller asked for addendum to contract stating that extention, and asked if i (assignor) and end-buyer sign.

Q. is a better solution, that buyer and seller sign a lease agreement stating 2 weeks free to stay after closing? And a month-to-month agreement set up to default after that?
(Q if separate agreement or addendum to original is used, is assignor (me) even involved or needed to sign anything at this point, as end-buyer already has assigned contract agreement of seller.)

any experienced, or settlement company, please chime in, in this supposed common scenario, thanks

Loading replies...