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What Happens When The Sellers Refuse To Move Out

What Happens When The Sellers Refuse To Move Out

What Happens When The Sellers Refuse To Move Out Of The Home

When buying a home the homebuyer goes in with the expectation that the homeowner is ready to sell and move to a new home, sometimes thought that may not always be the case.  For whatever reason a homeowner may have second thoughts on leaving a home after the buyer has had all the inspections and appraisal done.  What is a buyer to do in those situations?  The answer depends on whether the seller is refusing to move before or after closing as to what actions a buyer can take and is explored further in this article.

Seller Refuses To Move Before Closing

Prior to closing the seller can outright tell their agent and the buyers that they changed their mind about selling their home and will refuse to close on the sale let alone move. The buyer’s options are limited in this case.  Yes the homebuyer could sue to attempt to get the seller to sell their home but most courts rarely like to force people to sell their homes and instead are more likely to award damages to the buyer for actual losses (paying for inspections, appraisal, movers and more).  Courts could also award punitive damages to the buyer in order to punish the seller for their lack of follow through on the contract.  In the end though the buyer is without a house and must begin the process again of finding another home.

This is a situation that is hard for a homebuyer to avoid as there is no way to really tell if a home seller is really motivated to sell or is just listing the home on the market with no actual intent of...

4 Helpful Tips For Buying Your Next House

helpful tips for buying your next home

4 Helpful Tips For Buying Your Next House

Whether you are buying for the first time or buying a subsequent home there are some tips to follow in order to make sure the home purchase is a successful one.  With a home being one of the largest purchases a person will make in their lifetime it makes sense to go in with full planning and an understanding of how the buying process works.  Any time wasted on bad strategies are just that, time wasted that could have been saved by putting you into a home sooner.  This article explores some of the strategies homebuyers should be using and ones that may only lead to frustration.

Getting Pre-Approved For A Mortgage

While this is often talked about it bears repeating, shopping for a home without a mortgage pre-approval is a recipe for frustration.  The mortgage pre-approval not only gives you an idea of how much home you can purchase it also can give you an idea of your monthly payments.  A $200,000 dollar house does not mean you divide $200,000 by 360 months (12 monthly payments times 30 years mortgage) and that is your payment.  Your ultimate mortgage payment not only depends on the house price, but also on the taxes and insurance you will be paying for the house.  So when getting a pre-approval make sure to ask your lender about the monthly payments that include principal, taxes and insurance.  

Since taxes and insurance can vary on the value of the home and the location those numbers are subject to change.  As a result if you do find a home that you like be sure to ask your lender to calculate the monthly payments for you based on the taxes you will be...

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