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Pre Closing Occupancy Agreement South Broward Board of Realtors Form

Pre Closing Occupancy Agreement South Broward Board of Realtors Form

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if you ever consider a pre-possession agreement also known as a pre-closing occupancy or an early move-in agreement there are some elements of this agreement that you really must pay attention to or run the risk of not doing so high i'm gordon baker with re max alliance group and let's talk about the pitfalls and risk of these type of types of agreements pre-possession occupancy is when the buyer occupies the property prior to the close of escrow and transfer of ownership in a previous video i talked about post possession where the buyer new owner bears the greater risk when they let the seller stay after the close now we're going to talk about pre-possession occupancy where the seller is under a greater risk burden because they allow the buyer to move in before the close let's see why first of all why do buyers and sellers enter into a pre-possession agreement well it can be the solution to many problems for example let's say there is a delay in the buyer's loan and they have to be ou

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