Question:
“My fiancé and I are about to make an offer on a condo and REALLY want to be in by Christmas. My lender said there’s no way we can close by then. Since the condo is vacant, what can we say to let us move in early?”
Answer:
I always advise my seller-clients against that. Too much risk in case the sale doesn’t close. But since that’s not what you’re asking me…
Here’s what I suggest you do:
- Include your preapproval letter and proof of funds with your offer (basic)
- Offer to release part of your deposit to the seller to act as a security deposit
- Offer to pay them the going rate of rent
- Agree not to alter the property in any way until closing
- Cross your fingers and hope they agree!
