Seller Post-Closing Occupancy Agreements are on the rise in Florida.

Seller post closing occupancy is usually established right at the start of your agreement. The most typical situation on a purchase agreement is that possession is taken by the new buyer immediately after closing. However, in this market, we’re seeing buyers strongly competing for properties, and we’re seeing seller post-closing seller occupancy agreements in use more often. Are they a good idea? There are a few things you should know about them before putting one in your offer. Learn more in this short video.

0:00 Introduction

0:27 Typical closing process- & why buyers are more flexible in this market

1:05 How occupancy is requested & things to consider by buyers

1:30 How is post closing occupancy handled in contract negotiations- the addenda

1:50 How to get a written lease.

2:10 The sales process & closing

2:30 How the post closing lease period works

2:52 Pros and cons

3:27 How to use this tool to move house.

Create a win-win situation for buyers and sellers

Post closing occupancy by the seller can  definitely be a great way to do that, and prevent the seller having to move twice. By working with your agent to create a post-closing occupancy agreement, a seller can stay in your home after it sells and avoid any potential issues that could occur if you moved out too early. This type of agreement is becoming more common in seller’s markets, so be sure to ask your agent about it if you’re thinking of staying in your home after closing. It is important you understand the risks though, so be sure to watch the video for insights.

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