Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Renting & Real Estate
Finance Discussion Forum

 What should I look for in a rental home and what should I ask the potential landlord before moving in?
...


 How much do a house cost in the US(just a simple house)?

Additional Details
in arizona or ...


 My neighbor is selling his home for an extremely low price do I have recourse?
My neighbor and I both bought our home about 4 years ago. Both of our homes are fairly identical they are the same size both built in 1949 the only major difference is they have a porch and I have a ...


 Having trouble getting deposit back for rented property?
My friend is moving out of rented property as the landlord has sold the property. She has had to find another property to move into, but has now been told that she won't get her deposit back for ...


 Im moving into an apartment for the 1st time any advice?
thanx!...


 Is the realestate market dropping? I want to buy a home, should I wait?
Where can I find motivated sellers, not sellers who are just testing the waters to see what they can get for their home. I want to find a Good Deal! Maybe a homeowner who is in process of foreclosure ...


 What does GCH in a property advert mean?
...


 Whats the best way to sell my house quickly?
The red letters are coming more often, think we are gonna have to rent again but would like to move fast! Any tips for a quick turnaround would be great!...


 How can I get my deposit back from my old landlord? It has being 5 month already that I left his house?
and how can I complain about the fact that the house heating didn't work, what made me and the next tenant endure a lot hardship ?...


 Landlord took my belongings then served a 3 day notice wont return my stuff unless i move out?
land lord removed my garage door claiming to fix it ,it wasnt broken ,and took all my tools 10,000,00 dollars worth , and never replaced the garage door then served me with a 3 day notice 2 weeks ...


 Why do realestate agents remind me of used car salesmen??
...


 What is the current valuation of my house?
10033 S 46th Street, Phoenix, AZ 85044...


 Can my homeowners association dictate what I can add to my property?
I moved here (rural Arkansas) five years ago. I have never signed (nor have I even seen) any covenant, by-laws, or other agreements. Now the HOA for my street is objecting to the garage that I am ...


 We are currently trying to sell our house, it has been on the market for about 2 months.....?
We have showings all the time but just no offers! We have recently lowered the price, we have painted, updated the house although its like new, cleaned carpets, we have really tried everything! S...


 Can a landlord install used appliances when new ones were promised?
I signed my lease w/o appliances installed yet. I was told new ones were going in, and still have the advertisement that says "New Appliances". Instead I got old dirty ones that clash with ...


 What happens when you break your lease and don't pay?
I am breaking my lease at my apartment complex. I gave a 60 day notice and I am paying the rent until my very last day. But they are also charging me another move out fee of $865.00. What happens if I...


 What would you do if you had 86,000 dollars?
I am thinking of buying a house, as in putting about 60,000 down and using the rest for time beings mortgage....


 Is there a reverse mortgage available for people less than 62 years old?
I am a US homeowner. Instead of refinancing, I wanted to explore the possibility of a reverse mortgage.All I have seen so far is that this is only good for homeowners aged 62 or more. Is there a ...


 What is the average cost to rent a 2 bdrm 2 bathroom house in the united states?
i want the average cost to rent a HOUSE, not an APARTMENT, please.
thanks!!...


 Why builders still building new homes as the rate of foreclosures pick up?
Do builders know something that the buying public don't know?...



MissLiss
What happens if the people you buy a house from arent moved out on the possesion date?
We bought a house in a small town 6 months ago. Our possession date is tomorrow. It doesn't look like the people we bought from are making much of an effort to move out. They have built a house in another town and its complete but they aren't moving yet. Now they may have hired movers or are just moving tomorrow but I was curious what happens if they don't move out. Do we have any recourse if he doesn't move out everything? We both used the same real estate agent.
                     
 




Searchlight Crusade
Rating
1) I know it's your new home, but don't borrow trouble until it happens.

2) You may charge them rent. Whether they'll pay it is another question.

3) Talk to an attorney about the laws in your state. It may be that you have a suit not only for rent, but for your housing as well. It may be that you have a case for damages. It may even be that you have the right to drop a notice to perform on them, and force them to rescind the purchase contract if they don't (possession is one of the terms of the contract, and if they haven't met that, they haven't honored their end of the bargain!)

If there is a problem, you're about to have a crash course in one of *hundreds* of reasons why you should never use the listing agent on the buyer's side. Water under the bridge now, though.


bigleybill
Yes you have recourse. The people have to pay you rent while in the home. Contact your attorney.


wditt2
Rating
you can legally charge them rent and if they refuse pin up a quit or vacate notice but for an eviction it takes three months of not paying rent to get it to go through


Phurface
Rating
Ask your realtor. You can probably charge them rent or some kind of fee for every day they're still there.


Rick K
Rating
I would not close until they are gone and you can do a walk thru


Marysue
Next time get your own agent. It sounds like you used the seller’s agent, and they have no obligation to serve your interests. Your contract probably makes provisions for this. You can try to talk to the agent, although chances are, they’re not overly interested in helping you since their client is the seller.

You could be nice and let the sellers pay you rent until they vacate. Law suits over this type of situation tend to drag on and create a lot of hard feelings.


Deliah
What kind of an arrangement do you have for this extended stay? Did not your Agent write this contract so it would not be very attractive for them to not be out like 200 per day or some such?

Whatever arrangement you have will dictate your options, please do not tell us no additional contract was made with these sellers concerning them staying on.


acermill
Rating
Sure you have recourse. You do not close until the property is vacated to your satisfaction. You should do a pre-closing final walkthrough of the property to insure that no damages have occurred, and that it has been vacated to proper standard (meaning NO junk left behind).

If you have already closed on the property, then you have tenants and will have to pursue an eviction if they have not moved out.


Brenda W
Having used the agent already representing the seller was your first mistake. Need to know how your contract reads. If the contract states something to the effect that purchaser takes immediate possession upon close, then you're only leverage is the closing. Either postpone closing until seller can perform as per the contract, or require lease-back papers at closing wherein both principles are protected. In our market, it's typical for the seller to lease the property for another 24-72 hours after closing to be completely moved out. But that process requires a Temporary Lease. In that lease, there's what is called a holdover. If the seller is not out within the time promised as per the lease, then there is a penalty of say $100/day.

Now if you've already closed and there is no temporary lease between you and the seller, then you'll need to check with a real estate attorney. An attorney in your state can let you know what your rights are and what action can be taken.

Next time, be the wiser and have a Buyer Agent to represent you. And know this, that the purchaser should always do a final walk-thru of the property prior to closing.


Terry S
Legally these people are trespassing.

This happened to me last year.

I went over to the house and told the former sellers they had 24 hours to vacate or I would call the Sheriff and have them removed.

You have never seen people move so fast in your life.

Good Luck

Terry S.

http://www.Welcome2Arizona.com


vette802002
Rating
Don't close on that home until they are out..stop the closing..and trust me watch them move faster then a nascar fan running to the bathroom during a rain delay...and who cares about the realtor,wheres your lawyer


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.024
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy