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Real Estate Tips
Closing or Settlement >Moving Day

Here are some tips for coordinating a move that depends on careful timing. Say the closing on the sale of your home is Friday morning at 11:00, and that afternoon at 3:00 you are to complete the transaction on the house you are buying. Your sellers are completing the purchase of their new house on Monday. As sellers, each of you is obligated to leave your house vacant and clean at the time of the closing. You will each take possession of the home you are buying after the closing.

If you are faced with a game of musical moving vans, you may want to negotiate with your buyers or sellers to remain in your old house for a few extra days or move your belongings into the new home a little early. You should draw up a written agreement which details your arrangement, such as the amount of rent, the move-in or move-out date, and any agreements regarding utilities, insurance, or a damage escrow. If you need to make special arrangements for your move, let your real estate agent know and work out the details as early as possible in advance of the closing.

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Real Estate Trivia
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Who is "Fannie Mae" and why is she a big name in real estate?

A 
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders.
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The Larry Chappell Team, REALTOR®, real estate agent and broker for Ft. Campbell, Clarksville and Sango, Tennessee home listings, property and land for sale - NUMBER1EXPERT

The Larry Chappell Team
ERA Chappell & Associates Realty, LLC.

903 Franklin St
Clarksville TN 37040
931-552-2412
Fax: 931-245-6000
larrychappell@NUMBER1EXPERT.com


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