MAKE YOUR MOVE!

   So – you’re buying a home. When can you move in?

   That’s a matter you’ll need to decide before you sign your offer to purchase the home. Actually, it is one of numerous items to be negotiated with the sellers.

   The optimum possession date is often thought to be the day you acquire title to your home, the "closing" date. If so, your purchase offer should specify "possession to be at closing" in the appropriate blank. If the sellers accept your offer, you may expect possession on that date.

   Occasionally, buyers and sellers agree on another possession date, before or after the closing. Because such an arrangement can create unusual circumstances, both the sellers and the buyers should sign a limited or "temporary" possession agreement. This protects both parties in the event of a delayed closing date, a declined loan application, or unexpected repairs.

   This agreement states the possession date, any rent to be paid by the occupying parties, and who is responsible for repairs, insurance, etc. It should also state the circumstances under which the occupying parties must vacate the home, i.e. failure of the buyers to complete the purchase after they have moved in.

   When purchasing your home, ask the agent to explain local customs for possession and move-in. this can alleviate anxiety and provide a "no surprises" move to your new home.