How Soon After Closing on a House Can You Move In? | First Time Buyer Tips
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- čas přidán 18. 11. 2020
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I just want to say you help me big time to get my first home 🏡 I’m from Illinois
Thank you and Congratulations!!😀
@@ShaheedahHill You’re welcome 😇 keep up the great work... you are AWESOME 😎 😍
There’s A LOT that goes into buying a home🤦🏽♀️ Your videos help me so I know what to expect....I’m nearing the closing of my first home 12-16-20
You got this! Congrats🙂
We are from the Houston area and sold our home quicker than expected while we were building a home. We were blessed that the buyer leased the house back to us for just over 2 months. We were so grateful!
@alisareiman2523 Thanks for watching and sharing
I've been binge watching your videos since I am working to buy a home soon. Most youtubers have videos of basic and generic things, but you LITERALLY have a video on everything I can think of (even the things I don't think of). I will recommend your channel to everyone who wants to buy a house so they can become more educated in the process.
Thank you so much, I really appreciate that.
@@ShaheedahHill I also have recommended your videos to friends and family members. That's so good you are explaining in detail. Most people would charged money.. Thank you!
I started watching your videos in July out of curiosity with my intention of buying a home no sooner than 2023.
I closed on my first home Friday 13th 2020.
I love your channel and you have excellent content.
Congratulations 3 years early WOW! Thank you for watching and many blessings in your new home.
I just closed on my first home Monday. Your videos were helpful, and I’ve sent other people to your channel.
Thank you so much for sharing! Congratulations on your new home!!!😀
@@ShaheedahHill Thank you!
I have been preparing to buy a home since the beginning of the year, and your videos have helped me through to buying my first home. I went in knowledgeable, and the realtor and lender was shocked at how much I knew. I was supposed to close on 11/17 but it was pushed to 11/30. Thank You for making awesome videos 😁
Thanks Jessica! Congratulations and you are so close!
I like all your videos they are so informative. I'm in the process of getting my first home relocating from NYC to Florida. I was a little bit nervous to start the process, but after watching most of your videos they give me the push to begin👍
Thank you and best of luck... enjoy that FL sunshine🙂
In the process of closing and we agreed to the seller’s request to stay for 30 days after close. She is paying a daily rate equal to our daily portion of the house payment, responsible for all utilities and has over 3 K in escrow to cover any issues or damage. Our lawyer did what you also suggested and has a triple daily rate after 30 days.
Sounds good, it looks like you covered all your risk factors. Sometime the seller must sell one house before they can buy another one, depending on their finances.
You are the best!! You give us very detail information. I need you to come to new york we need genuine people like you here. Thank you
Wow, thank you!
Thank you!!! I was looking for a great video on this topic. You’re amazing! I just put an offer in in my first home today! 🙏
Best of luck on your first offer, if it doesn't get accepted please watch my offer tips playlist.
Thank you for the information. Thank you for all that you do 👏🏾👏🏾👏🏾👏🏾
You are so welcome
I close March 30th.!! I am so nervous, so excited, stressed, scared all at the same time! lol
Exciting! Congratulations
My realtor scheduled our final walk through this Thursday (I’m driving 100 miles to new property) but the seller needed 3 more days.
But the 3 days is within the closing time, it’s the realtor who doesn’t have time to do the closing any later than Thursday.
Shaheeda, you should definitely open a buying house clinic tour...I really appreciate the information
Maybe one day🙂
We just closed on our first home this past Wednesday it is now Monday we still have not moved in because the seller it’s from another town so we had fedex documents for them to sign. So now we are just waiting for our title place to receive those documents an hopefully we get to move in this week.
Great Tips. Thanks! Looking to Purchase a Home in a Year! Or Two! God’s Will! 🙏❤️
Had to smash the thums up button to change the numbers from 666 to 667 lol
Thank you🙏🏾
@@ShaheedahHill you’re welcome
Your explanations are very clear.
Thanks for watching.
we usually were out of our house and had it cleaned day or so after closing.
I am learning so much from your channel…..hoping to close Aug 8…..thank you!
Congrats and thanks for watching
Our sellers have 60 days to leave the place we just bought! The market it crazy in Colorado.
WOW, You are good.
Thank you! 😃
We moved in right away after getting the keys 😀 new construction
Yes! Congrats
Thanks for the info I'm in process of purchasing my first home with my husband
Thanks for watching and best of luck!
@@ShaheedahHill thank you 😊
Im here early!! I can’t wait to buy my first home🤗
Me too
Hi and thank you for watching!!
@@highlyfavoredMG Thank you too!
Thank you so much for all your videos they are so helpful. I’m planning to watch some of them over after my closing this October. I have good credit but planning to watch your video for credit to see how i can improve it.
You are so welcome!
We were blessed to get the keys same day on pre owned home due to no one living there for a while.
Congrats, thanks for watching
As always - great advice…Thanks.
Hi Shaheeda, I'm a new homeowner and was wondering if you could answer a question or two or do a video about what fees to expect to pay because of the end of the year or beginning of year 2021. Also, what tax papers will need to be filed pertaining to the new home? Thank you in advance!
Thanks for watching... I'll do that video soon.
That's a really creative solution, especially in this market. The seller just accepted my offer today, thank God!
Congratulations! It is competitive out there, many prayers for a smooth process!
@@ShaheedahHill Thank you! I had another offer rejected and, with this house, we went back and forth for a few days before landing on a number we were both happy with. Your videos have been a huge help! 🙏🏾
@@tomaitoe How did closing go? This market is crazy. The seller of my dream home just accepted my offer today. I'm so scared.
Congratulations. We close on Tuesday.
@@Usmc2008sgt I just closed Monday 😊 congratulations!
Can't wait I'm so close to the closing stage. 😁😁😁😁
Congratulations!
Shaheedah I wanted to give you an update. FHA Score Requirement is back at 580..be safe thanks for sharing
Thanks for the info
Last week. Friday the 13th..I had the closing and seller from hell. She waited till closing day to start packing a house she'd been in fur 20 years. She wasn't nice during the whole selling process and delayed closing a whole month! So naturally I promised to put her shit in the curb 12 midnight lol lol. She called the police on me... They had nothing to say... My realtor and her realtor agreed to give me 500 bucks to give her to 1pm Saturday lol lol lol... I got 500 bucks
Wow, yeah this can happen. Next time you can write in the special stipulation that the home will be clean and free of personal belonging 48 hours prior to closing, but even then sometimes its a struggle. In real estate you are dealing with people and laws so anything can happen. I am happy you were able to get her out and get some cash for your troubles.
I would never let the seller stay after day of close! Too Risky for me. I agreed for them to move the closing date but we later changed it to sooner. I am closing tomorrow and doing a walkthrough before. Hopefully, all goes well and I don't have buyers remorse.
Best of luck, thank you for watching!
@@ShaheedahHill Thanks 😊
I know this is an older video but this made me think of something. I remember it being a common occurrence for Seller’s to add a contingency that closing would be upon them finding a home. Is that not a thing anymore? Seems like that would also be a great way to get an offer accepted if you’re willing to wait. Your content is so helpful. I appreciate you.
It was very popular during the pandemic, but in many areas inventory has increased. If you are still in a significant seller's market then you can use this to your advantage is this is something that the seller needs. But if your market is more balanced then it may not be necessary. @andariegos9466 Thanks for watching!
Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7
@@ShaheedahHill Makes sense. Thank you.
This is my dilemma, I’m the seller yet I may have to stay until I close on another home unless I rent an apt after my house is sold. I’m in Florida, thank you for all your important information. So is 30- 45 days too long to ask occupancy after closing? It may not take that long to find another house as you said, we would renegotiate if the buyer agrees.
In this market the seller is in control. Asking the buyer for a temporary occupancy right now is very common. Here is a video I did for sellers: czcams.com/video/ueFkWkkDP90/video.html Thank you for watching!
Closing on 22Dec2021
I’m on the process now of closing and I’m honestly stressing.. they keep asking for information things keep popping up .. they have something on the house that need to be fixed .. I just feel like giving up
Don't stress.. push through. Very few closings are 100% smooth.
I wished I saw this video earlier. I had a seller stayed for a week for free and only charge them base on my monthly mortgage for the daily rate after that 7days. The seller didn't turn over the house keys on the closing/recorded day and the seller agent seemed to make excuses to delay turning over the house keys.
It ok, we live and we learn in this sellers market buyers have to make it work. I have charged less before as well, just trying to to get the deal accepted. But you have to see what is best for your situation. Ideally charge a lot if they stay after the agreed upon time and try to hold money in escrow. In a buyers market this usually not an issue, they are out by closing.
I just closed on selling my house today. I’m buying my home on Friday and I’m staying for 30 days at 107 per day. They are also holding 5000 in escrow.
I think that is fair on both sides. Thank you for watching. Congratulations on the sale and new home!
Watching! I close in 12 days!!
Congratulations!!!
Congratulations! Can we get an update?
@@diva2459 Thank You! yes we closed on 1/29 ! We’re all moved in and settled now loving the new house and neighborhood
If the property is vacant, can you ask for contractor work i.e. carpet steam a day or two prior to closing?
You can ask the seller if they will allow it, because that is their property until you close. Some will and some will not, their risk is that the contractor comes in damages the home and the closing falls through. If I was the sellers agent I would advise against it but it never hurts to ask.
Hi, thank you for your videos.. I am trying to save 20% dp for a newly constructed house that will be finished on May. By May I would be able to save for 20%.. Question is, can I lock the price and interest of the house today and pay the 20% on May? I'm a little confused
Typically interest rates can only be locked for 30-45 days, however lender time frames will vary. So basically as the home is closer to completion you will consult with your lender to lock your rate. Great question!
I assume a clause is included when a seller stays past closing to cover any damages.
Example, if the seller is permitted to move out 4 days after closing and pokes a hole in a wall when moving furniture. Is there a subsequent walk-hrough after the seller is out? Seems risky to be bound by the walk- through that was done at/before the closing date. Money held in escrow to cover this possibility? 🤷🏾♂️
You can have money held in escrow, so if anything is damaged you don't have to sue the seller, the money will be deducted from the escrow hold back. @JayJay-me8zk Thank you for watching
Temporary occupancy agreement was it an addendum to the original contract or separate agreement??
It typically is an addendum...
I think I’m ready to start the process of buying my first home. Is it necessary to go through a first time home buyer’s program first? I literally don’t know what to do first.
Download my free where to start guide and watch my videos... that will be a good start. 🙂 I'll even help a saints fan🤣
Deep down inside, I can hear little “Who Dat” chants coming from you 😆. I will get right on it. Thank you.
First check your credit report to make sure no delinquencies and score is good (760+ will get you best rate). Decide which bank account you will use for closing and DO NOT TOUCH it for at least two months. Then find a good agent to recommend a good lender or vice versa. Agent will guide the rest.
We will be closing on the sale of our home 2 or 3 days BEFORE closing on the buying of our house, so we can't give our buyers the keys till we close and move out. I'm kind of surprised you don't have this happening more often. I should add because we have 20 percent down for our new house that is coming from the sale of our home
It is happening more in this market, but it can be a disaster if the sellers home #2 falls through and the seller tries to stay. So on the buyer side, we want the seller out at closing on the seller side stay as long as you are able to. Also in some cases the seller will close both properties in the same day, that is also an option. Thanks for watching and congrats!
@@ShaheedahHill thank you for the reply! That makes sense! So, we are scheduled to close on our sale on the 11th of April, and close on our purchase on the 14th of April, my realtor said that's how the bank etc like to set things up :) . God bless!
I have a question, my closing was delayed from 24ty to now possibly the 10th. The lender has completedEVERYTHING it’s delayed due to construction, will I need to provide more docs?
Possibly updated pay stubs and bank statements, they may also look at your credit again if they think it is necessary. Still don't make any major purchases. They may not ask you to update because it sounds like you are clear to close, however they can.
Getting ready to buy my house in around 2 years ,wish you could be my realtor 😢
🙂
What about a manufactured home?
It would be about the same as far as occupancy.
I’m going through this right now! I signed allowing 7 days after closing but we didn’t put a penalty. They are paying 8k at closing for me.
Next time put a penalty if they are not out in time or if they to not leave the home in good condition. But overall most sellers will do the right thing. Congratulations on your new home!
@@ShaheedahHill thank you. My realtor clearly sucked. Thank you
We are under contract (Thanks to God) and luckily is vacant 😃
How long did it take to move in after you went under contract?
@@dgutierrez104 we didn't have a lot of furniture to move so only one weekend was enough to move our stuff. Also because it was 30 minutes away from where we were renting. Pretty close by.
And our contract process was about 30 days long... we asked for 3 days due diligence and everything went well with the inspection and appraisal that we did not had to summit a counter offer for anything. So it went pretty fast I think. Also the seller asked to close on a specific day and that sort of pushed us back by one week... but that wasn't an inconvenience for us.
the realtor is saying that ideally i move in after deed recording. .what ... the closing was delayed on something' they did on the sellers, mean while my apt manager was saying if i am still at the apt i have to pay a full months rent. Well closing took place at my apt and i am to move in 2 days later, i do expect all of the keys and things correct, no deed will not be recorded that fast but i still get the keys and garage remote right?
You will get everything at closing unless you agreed to let the seller stay past closing, review your contract. I don't know of any buyer that has waited to take possession after the deed is recorded, that could take weeks and maybe more than a month depending on where you live. Move in🥳Congrats!
How long is closing day takes? Is there a lot of stuff to sign or not
About 1-2 hours is typical. Yes there is a lot for the buyer to sign. This video explains what happens at closing - czcams.com/video/heCUdtcGMls/video.html
@@ShaheedahHill Does buyer get key on closing day? After downpayment stuff ?
Just closed in my first house a week ago and I'm about to lost my job but I have some saving to make the mortgage payments for a few months. They will still contact my employer?
I'm so sorry to hear this and I am happy you have savings. No, after you close they do not contact your employer. However reach out to your mortgage company now and see what options you have. Mortgage forbearance is still available, if needed.
@@ShaheedahHill Thank You for you quick response! I will contact them.
Is there an occupancy grace period after closing ? I’m in ny
No, refer to your contract. Thanks for watching!
My home closed yesterday and I was never given the code to get into the home. It's the code that realtors use so am I supposed to wait until the deed is recorded to ask for that code? Or is it different because it was a HUD home?
If you did not get the keys at closing you should have received codes and anything that is necessary to access the home. Reach back out to your Realtor to get the information needed.
@@ShaheedahHill thank you
If you are giving them leaseback option for two months to beat other offers (20). How it impacts lending, home insurance etc. for the buyer?
After contract to close lease agreement will be done with escrow and rent....say for two months then how about any thing goes bad? Like plumbing etc?
Is it a good idea to do such transaction as a buyer? TIA
It really depends on how much the buyer wants the house. They will have to take some risk. But the buyer should be protected as much as possible but treat them like a tenant for those 2 months. If they will be responsible for any repairs, make sure that is in writing. Thanks for watching! Here is a video I made about the seller not leaving...this is the ultimate risk. czcams.com/video/Mhvo3FbS35g/video.html
Thank you Shaheeda for your guidance and your informative videos.
I wish you could be my real estate agent! Do you know any good agents in New York State?
I am working on a referral list for 2021, I don't have one yet.
Is it a good idea to hire a real estate attorney to come with you to closing?
Its rare that a buyer has their own attorney at closing. The closing attorney represents the lender at closing. However, if you feel that you need representation its not unheard of.
@@ShaheedahHill what you mean by the closing attorney represents the lender at closing?
So am in the. Process of putting in an offer on a resale condo.the asking price is $158,800
So i decided to offer $159,489,.99 with a deposit of $5,000 deposit. Just to stand from others looking to buy the same property which I will. Get back if my offer is accepted.. Do you think this is a good idea ?? Thanks
If you have competition that might work, or an excalation clause may work better. Strategize with your agent to see what would work best.
Thank you very much..
So what can cause my loan officer tell me title and closer isn't balanced ?? They still working on it but it's delaying my closing now ..
The title company and lender are likely pulling together final numbers the lender needs to send a final closing package to the title company or closing attorney. It is typically is on the lenders side if there is a delay. Ask them when they plan to send the closing package to the closing company.
@@ShaheedahHill oh it definitely on the lenders side. They keep back tracking, now its time to close and keep having more issues from what I see they don't know what their doing and seller has said the same about the company/lender said it's their first time working with them hope it's their last lol..
Question, might be weird but is there any way for a buyer to find out about deaths, natural disasters, crime or things of that nature inside the home
You can check with the police department in the area, the seller should give you a disclosure of anything they are aware of and you can ask the agent directly. If they are aware of something they are obligated to disclose in most states.
In Canada it is law that all of the above is disclosed. My father died of natural causes in home and we had to disclose that information to buyer.
I’m at the end of closing, it’s next week and I’ve lost my child support which is $236 a month. It was used to qualify my loan with my job. What is going to happen to me 😩 this whole process has been hell, and to have this happen 7 days before is dreadful.
I'm sorry this is happening to you so close to closing. Did you officially lose it or was a payment skipped? I would ask the lender what options you have, perhaps you will able to pay off a debt to decrease your DTI and you will still be able to qualify. Tell them to put all options on the table, because although you used it to qualify you may not need the entire amount. Best of luck!
He was getting unemployment and it stopped , I wasn’t aware he was paying out of unemployment so I thought he quit his job. Luckily my other child’s father had been paying the same amount almost for the past couple of months. I hadn’t used that to qualify because it isn’t consistent, but she’s working with it. Thank you 💕
@@ArtseeChick
My advice in the future is never ever use child support as income no matter how little or how large the payment is I have five children I've never used those on time payments or those inconsistent payments I always went by my income only just advice
Child support shouldn’t even be considered as your income in the first place as it is for the child, and don’t go with the “oh my child needs a home” while this may be true you are gaining an asset, therefore it shouldn’t be considered as you are gaining financially for someone that is meant for you child
@@godschildb4thewomb198 I know this is late but I see now and I agree.
Always keep a. Baseball bat by your bed when non FAM has keys
Ugghh my closing was pushed back im so annoyed.
It will be fine, very common. Best of luck.
@@ShaheedahHill ugghh like 3 weeks? That's common?
Same here, my closing was supposed to be 11/17 but it’s 11/30 now due to a mix up with the lender. I expected a delay. 🙄
@@Jessica-fk3ek well mines is to the city permits and inspections...At this point Idk when I'm closing. I seriously want to just pull out my contract and say fuck it.
@@MsHumbleStar25 With new construction yes, supplies are on back order. I have a client waiting on windows, the county won't inspect until windows are in. Closing date was supposed to be 12-15 and I doubt we will make it and she is expecting - Due in January!
What if the home is vacant 😮
Then you should be able to move right in, but still do a walk through before closing to make sure the home is in the same condition as when you initially viewed it. Thanks for watching.
Closing today!!!!
Wow! What state?
@@ShaheedahHill Florida! In Miami. Pretty crazy market out here right now
@@yuriilove7260 that is great for you to find a home in such a competitive market. Congrats again!
@@ShaheedahHill just closed! Thank you
@@yuriilove7260 so great... best of luck on your weekend move
🗣🎤 No questions here just a clear confirmation why only NEW construction is best for my family. All these years of hard work & sacrifice doesn’t afford my time nor patience on waiting for prior occupants to vacate 😩 Lord knows we’re NOT even interested in knowing eviction laws of our state.
Hi Elle, you can still get a resale and just make sure they are moved out before you close, if they are not moved out then you don't close and push the closing back until you confirm they are out, most of the time they are out before closing.
You sing but it’s still needs to be recorded!
@ghostrider825 Thank you for watching
FHA approval on Condos? FHA.gov site shows approval for condo project, has sequence number projects No.1 n No.2 etc. Can the bylaws be separate for each entity or same bylaws for listed project name?
I find that is typically not the most accurate, give the address to your lender and they should be able to tell your for certain.