Early Occupancy

Early Occupancy
Early occupancy is a term that is used to describe when a seller of a home allows the buyer to move into that home before the actual sale is closed. This type of arrangement can be a very positive selling method for a seller who needs to make a quick sale, but it can also have its drawbacks. This type of situation can also be very beneficial to the buyer if they are facing a deadline on a current lease or rental agreement that would require them to move before the home purchase is complete. However, neither party should enter into this type of situation without a formal contract that protects the interests of all parties involved. This also ensures that the buyer is committed to making the purchase of the home.