The people selling us our new home have requested to stay for 15 days after closing. What should we do?

If the contract states you take possession on close, then they DID agree to it. I'd offer them NOTHING whatsoever. They sound like nothing but trouble. I hope you had a home inspection because their moral compass is definitely broken. They can do a ton of damage and cause a million problems sitting there after it's your house and your headache. Their should have been one or more realtors involved. I hope you had a buyer's agent--this is a place where they really earn their money.

What your offering is very generous. They signed that they would be out at closing. In fact I'd make it $200 a day the first week and $300 a day after that.

Write up a rental agreement that says; 1. This rental agreement is for 15 days. 2. Rent shall be $200.00/day x 15 payable in advance. 3. Deposit shall be $5,000.00 (held in escrow by an attorney) 4. If tenant is in property after 15 days, tenant will forfeit the $5000,00 deposit. 5. If the tenant vacated on or before the 15 days, they will receive a refund on their deposit, only if the place is left clean. If they are still in the property after the 15 days, get the deposit and evict them out of the property.

Do both parties have lawyers involded? Was the closing date and moving date communicated by the attorneys? What was signed off on? If you have written documentation verifying your position stick to your guns. DO NOT allow them to stay after closing under any circumstance. DO NOT even put such an offer on the table, and certainly DO NOT put up any money to assist their move. If this approach is to difficult for you to take, you would be better off moving the closing date back. I assume this might be a better option since you were seemingly willing to negotiate rental fees. You should talk to your attorney about a time is of the essence letter and let him explain what it is and how it works. Good luck

yes. assuming everything you stated above is in writing; you are covered. The sellers can rent a hotel. ASK your buyer's agent what's up? if you used the seller's agent, prepare to file a complaint with the real estate board for ethics violations. [after you submit a written complaint to the broker rep'ing you!

wHAT DOS YOUR CONTRACT SAY ? YES GET MONEY FOR EACH DAY THEY HOLDOVER MAKE THEM ESCROW EXTRA MONEY LIKE 5000 AND YOUR TITLE COMPANY PAYS YOU OUT 200 A DAY UNTIL THERE OUT THEY MOVE OUT THEY GET WHATS LEFT AT TITLE COMPANY. DONT BACK DOWN MOST BUYERS ARE IN GOOD POSITIONS WITH A WEAK MARKET. GOOD LUCK REAL ESTATE BROKER IN OHIO DO YOU HAVE A REALTOR HELPING YOU ? MAKE THEM FIX IT ITS THIER JOB.

Yes, this is reasonable. We were in the same situation when we bought the house we're in--24 years ago! You may need to hire a real estate attorney, if you don't already have one to perform the closing. What does the sales contract say? If it is silent about when possession is to occur, you should ask the attorney what the assumption or precedent is in your area for this. I forget what our sales contract said, but it was clear that possession at closing was the norm. We had the attorney send the seller a letter saying that she had to vacate at closing or else pay $200 per day--or we may even have demanded $500 per day. She backed down and vacated, and we closed on the house on time . It's nice of you to consider offering to help the sellers, but I suggest you consult the attorney first to see whether s/he thinks that offering is a good idea. Good luck!

Do not close unless you verify that they are out of the house on closing day. What if they break something? What if they claim they need another 15 days? It's too dangerous. Make them abide by the contract.

They are in breech of their contract and should be told so by your agent to their agent. Be firm and tell them they signed the contract which is legal and binding. Do not offer to help them move or give them any money as they knew in advance they weren't able to be out of the house. Tell them they are to pay $200 (although $100 a day is more attainable) a day until they are out. If they go past the 15 days, they will not only be liable for the $200 a day, but also attorney fees and court costs.