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 3 years ago, 05/28/2021

User Stats

236
Posts
177
Votes
Tom Fidrych
177
Votes |
236
Posts

Buyers of home want to move items in before closing

Tom Fidrych
Posted
I'm in the process of selling a home. The buyers had a contingency of closing on their place first, using the proceeds for 15% down with 85% coming from a Fannie loan. Their home just closed and they are renting their house from the buyer for the next month. We were to close on June 4th but because the sale of their place paid off a Fannie loan that was in forbearance, Fannie now requires there be a 30 day waiting period  before a new Fannie loan is issued. We extended the closing date to July 1st and had the buyer surrender the $2k in earnest money in the event the deal doesn't close.
The buyers agent is asking that they be allowed to move their items into the house on June 28(but not occupy it), 3 days before closing, to help them with the move. They are an older couple and will need 3 days to move.
So they have possession of 15% from the sale of their place, are approved for the loan and seem excited to move in but I'm reluctant to allow their items to be placed inside before closing. If I allow them, should I ask for an increase in the earnest money.

Loading replies...