Thursday, November 14, 2019 / by Gianfranco
Seller Secret Episode #27 Resist Deviating From the Contract
Are you looking for headaches and lawsuits? Resist the temptation to deviate from the contract even if the buyers seem like nice people…
Today's seller's secret is resist deviating from the contract. So, you've signed a contract, you're selling it for X amount and they're moving in at this particular date.
For example, let's just say we're right now in August, they say we're moving in November.
Resist the temptation to deviate from the contract. So, if the buyer comes and says, "Well, can we move in at a different date or blah, blah, blah." No. Just say no.
It's better to stay away from it.
Just stick to the contract. It's a binding contract. You don't want to start playing around with dates or them renting it from you.
Especially for the mortgage too. Sometimes the mortgages get messy if you play around with the days, sometimes we see buyers renting the house for a month or two because they need to move in earlier. It's not impossible, if it's done through the right professionals and lawyers, it could be done. But we've seen some deals get messy. You're letting someone in your house before you actually got them paid. For me, it's not a good idea.
This is not to say that sometimes, there's not some exceptions, but just make sure you work with your agent, you work with your lawyer, and you make sure that everything is done totally legit. The buyer is able to close. The buyer has the money and you're not going to run into any kinds of issues where you're going to be stuck in a legal battle.
That's right. Just make sure you do your research and you have the right professionals representing you.
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Watch the full video here: https://youtu.be/o9rj3wfF1GA