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MARY MONDAY

Mary Monday: Pre- and post-occupancy agreements in a real estate transaction

Occasionally, buyers and sellers find themselves in a situation where there is a simultaneous closing of both the purchase and sale of a home on the same day or within a day of two of each other. At this stage it becomes apparent that one of the parties to the transaction is going to be homeless for a short period because of the timing of the closing.

It is at this point that it may be necessary to ask the seller if the buyer can take occupancy early or in the case of the seller stay in the home for several days after closing.

A new study shows that 2 out of 5 Americans think they would need to win the lotto to become homeowners.



Mary Monday is an associate broker at RE/MAX Fine Properties. She can be contacted at: (928) 853-0572, [email protected] or .



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