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Coordinating moving and closing on th...

The TVClubHouse: General Discussions: 2004 May - July: Home and Garden (ARCHIVES): Coordinating moving and closing on the same day. Can it be done? users admin

Author Message
Julieboo
Member

02-05-2002

Tuesday, April 27, 2004 - 11:19 am   Edit Post Move Post Delete Post View Post    
Do people normally do it all in one day? We have to sell our house before we buy or other house. How does it work? Especially if we want to avoid paying the movers for sitting around waiting for the closings to get over.

Arrrgghhh.

And the closings may be at two different locations, actually the first one is quite far from both houses....

I think I am losing my mind.

Mware
Member

09-14-2001

Tuesday, April 27, 2004 - 12:31 pm   Edit Post Move Post Delete Post View Post    
Julie - first thing...breathe. So many people forget to breathe when faced with a stressful situation, and forgetting to breathe, especially over long periods of time, can be more harmful than the stress.

Many people can and do sell and buy in the same day. The greater the distance between the two homes (or the two closings), the more difficult this can be.

First - do the people you're selling your house to NEED to move in that day? If they can wait a day, you could work something out with a lawyer where you pay your buyers a day's rent to stay in your place until the closing of your new home the next day.

Next - can the people selling you their house move out a day early to let you move your stuff in? Again, you'll want some sort of legal agreement about this, but it does happen.

Last - if you must sell and buy in the same day, recognize that you're doing two of the most stressful things that a person can do, and doing them in the same day, so just do your best to make it through that day, knowing that the next day will be that much easier.

Scootersmom
Member

08-10-2002

Tuesday, April 27, 2004 - 4:10 pm   Edit Post Move Post Delete Post View Post    
Exactly M :-)

Just an example of what we did last fall:
When we sold our house, we closed on both properties the same day. However, the new owners (in the contract) were not able to take possession of our "old" property until Saturday at 5:00 pm. We closed the previous Thursday. Closing for our "old" property was at 8:00 am
Closing for our "new" property was at 5:00 pm
So, there was enough time during the day to transfer funds. We had time to move on Friday and Saturday. We even gave the key to the new homeowners earlier than the 5:00 pm deadline.

Hope this helps a little, Julie. Good luck to you. I do know how stressful it can be. But you will get through it. :-)

Julieboo
Member

02-05-2002

Tuesday, April 27, 2004 - 4:51 pm   Edit Post Move Post Delete Post View Post    
Thanks guys!

My realtor sucks. Big time.

She knew I wanted to do something like pay a days rent, but only told me that it couldn't be done (due to liability stuff).

That was with guy on first offer. (He ended up backing out before we signed contract.)

Well I know now, that I should have insisted, but it is too late. (Lotsa stuff went on, including the second offer backing out too. And this one had a contract and then wanted his earnest money back-which we ended up doing cuz we had another off at the same time. Seems to me if you back out, you should lose the earnest $$ no matter what! That guy only put down $500.00 anyways, so I guess he was never serious.)

Anyways, we are now in a contract with third--and please God let it be the last--offer. So both closings are same day. Times are unknown at this point. But my lawyer says I don't have to be there for first closing (on current house). So that will help somewhat.

Guess I will just try to go with the flow and breathe!!!! Thanks MWare-great suggestion.

I have a long list of all sorts of (mostly little) stuff that my realtor did to aggravate me, but I am gonna try to stay mellow and not think about them. (One example-the new house has 2 story ceiling in family room. I asked realtor if she could ask owners how the changed the lightbulbs in the recessed lamps. First she said she didn't want to bother them and get them mad. I said you think that would get them mad enough to end the deal. She said it could! Then she said she thought they probably didn't turn those lights on too often! Can you believe that??!!) I am not lying or exaggerating that story.

She gave me little to no help in negotiating. She wanted me to list our house at $216,000. It just appraised at 222,000! Luckily I didn't listen to her and we are getting more than the 216!.

Didn't I say I wasn't going to list the things? I think I will stop now before an official list is made!

Anyways thanks MWare and Scootersmom for the encouragement.

Now to the garage where my dh unloaded everything from the attic. Uggh where do I begin?

Juju2bigdog
Member

10-27-2000

Tuesday, April 27, 2004 - 6:11 pm   Edit Post Move Post Delete Post View Post    
Julieboo, later, after things settle down, you maybe should make a complaint about that realtor, to her bosses, if nothing else. That is really squirrelly.

Juju2bigdog
Member

10-27-2000

Tuesday, April 27, 2004 - 6:12 pm   Edit Post Move Post Delete Post View Post    
Ummmmmmmmmmm, Mware, you only addressed two thirds of the question. I think Julieboo said she is ALSO moving on the same day of the two closings.

Jagger
Member

08-07-2002

Wednesday, April 28, 2004 - 7:23 am   Edit Post Move Post Delete Post View Post    
I agree with Scootersmom, when it comes to closing have it written right into the purchase agreement that the new owners can't take possession until later the next day. Also try to see if you can get into the new house the same day. If not you may have to pay the movers for storage on your belongings for a day.

I've done it several times now where I closed on both places and moved out and into the new place on the same day or with in a day. It always works out in the end.

Schoolmarm
Member

02-18-2001

Sunday, May 02, 2004 - 1:15 pm   Edit Post Move Post Delete Post View Post    
Ahhhhh this is the STRESSED OUT thread that I should be visiting as I am STILL waiting for the dang realtor to call. Been an hour.....got stuff to do!

I closed and moving into my last three houses on the same day. Unfortunately I hadn't sold the previous houses yet, so had to get a swing loan from the bank to cover the down payment. Actually, with two of the moves, I went to Europe and Minnesota within days of moving in. I actually couldn't be there to unload in Bloomington (DANG MOVERS!) so my Mom and Dad unloaded all my stuff while I was flying out of MPLS for a music course in Vienna. Such a nice surprise to get back.

On the last move, I had to drive fast to beat the moving truck. Closed at 8am, moved in at 8:30.

Hopefully with this move, I'll have some spare time on each end and won't be so frantic. HA!

All of my moves have been across at least three states, and needless to say, several hundred miles.

Juju2bigdog
Member

10-27-2000

Sunday, May 02, 2004 - 3:33 pm   Edit Post Move Post Delete Post View Post    
Marm, if anybody can do it, you can. Good luck.

Babyruth
Member

07-19-2001

Sunday, May 02, 2004 - 4:30 pm   Edit Post Move Post Delete Post View Post    
Marm, I think you should apply to be on The Amazing Race. You would kick butt.

Schoolmarm
Member

02-18-2001

Sunday, May 02, 2004 - 7:24 pm   Edit Post Move Post Delete Post View Post    
I'd love to be on Amazing Race!!! But I have a bad knee and wouldn't do well running at the finish line. Don't want to tear the ACL again.

I think that Bastable would be a great Amazing Race partner. OR Juju!!!

This travel warrior is getting weary grading papers and trying to get the real estate transactions started (SHEESH, I want them DONE!) for this move.

Now what all do I need to do before I move?