Seller Won't Move Out! 17 Days After Closing and Counting!

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InvestFourMore Real Estate

InvestFourMore Real Estate

Жыл бұрын

This is a house flip I bought from a wholesaler 3 weeks ago and they had a 5-day post-occupancy agreement. That five days has come and gone and they are still living at the house! I have an escrow agreement for $5,000 but apparently that was not enough to motivate them to leave!
What are my next steps and how have I handled this in the past?
Here is the first eviction I showed in the video: • Huge Mistakes Leads to...
Here is the second eviction: • Seller Wouldn't Leave ...
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Пікірлер: 774
@investfourmore
@investfourmore Жыл бұрын
Here is the full video of the inside! kzbin.info/www/bejne/aYfcnZSNf82niKc
@kfinn4468
@kfinn4468 Жыл бұрын
Get a big per diem can't get blood out of a stone
@veev2561
@veev2561 Жыл бұрын
1 800 junk
@a.b.creator
@a.b.creator Жыл бұрын
Did you offer to help them or find them help? Is my only question.
@investfourmore
@investfourmore Жыл бұрын
@@a.b.creator he had a place in Oklahoma he was moving to
@1967davethewave
@1967davethewave Жыл бұрын
@@investfourmore Are they gone yet? I just have to know!!!!
@jonathanisrael9714
@jonathanisrael9714 Жыл бұрын
The seller of our waterfront home was still living in the house after closing. She seemed to be an emotional wreck and begged us to stay one more night, which we agreed to. After we departed the property that evening, the seller immediately went to the next door neighbor and told her that some mean people just came to take her house from her. The neighbor had to explain how we had purchased the house and it was no longer her home. Thankfully, the seller was convinced the house was now ours and left the following day as agreed but it could have been a nightmare. Later, we found out that the sale of the house closed 10 days before she would have lost the house to foreclosure and our last minute purchase allowed her to get some positive cash flow for her transition.
@urnothing4234
@urnothing4234 Жыл бұрын
Emotions are not quantifiable. Emotions do not fit on the grid on a 8x11 sheet of paper. The buying and selling of a house is ether mixed with varied emotions and circumstances… that’s how you were able to get the seller to sign on the dotted line was ether… so here’s the trick, $1 is given to the seller at signature of ratified contract and after final walk-through (clean, trash, removed, etc.) our Attorney releases the “Cash for Keys” portion after the walk through… and deductions applied.. Leave a monetary value as the proverbial carrot in front the horse. Don’t give any close $ until all humans, pets and trash are off site 100% ALL SELLERS WANT ONLY NET MONEY
@happydayz7857
@happydayz7857 Жыл бұрын
🙄 people
@kathyinwonderlandl.a.8934
@kathyinwonderlandl.a.8934 Жыл бұрын
@@urnothing4234 good advice
@Turner.1
@Turner.1 Жыл бұрын
Losing a home, should never happen,in America,but the money jerks, just had to add it to the stock market, so folks lose home's, the only thing many have known for life,it's tragic to many,many kill themselves in that predicament. 🕊️📖🏡🏠⚖️
@urnothing4234
@urnothing4234 Жыл бұрын
@@Turner.1 Hear You Loud and Clear Lost two homes myself. Perspective: The same adventure that almost killed me, is ironically the same adventure that has healed me. Life is a pendulum. Gravity (Providence) swings life to good or bad. The trick is don’t hold gravity (if you think you can) to one side or the other. Allow the flow of Providence to take you where the driest desert are in life so you remember that “Where the desert ends… fresh new green grass grows.” Today own Two Real Estate firms… and now that market is swinging into the desert again. Life a pendulum. Enjoy your Gravity… my Gravity is the Holy Spirit.
@janellemcleod
@janellemcleod Жыл бұрын
These humans agreed to sell their house, took the cash, and now refusing to move out?! GAMES at its finest.
@dsmbilly3690
@dsmbilly3690 Жыл бұрын
For real, but these people also seemed to be hoarders with mental health issues so it is a bit harder to expect them to act rationally. Hopefully they get some help with their problems.
@janellemcleod
@janellemcleod Жыл бұрын
@@dsmbilly3690 but they did not claim or even seems to have any mental health issues or we’re not acting rationally when they did agree to sell the house and take the cash? They were perfectly capable of making the right decisions when it came to a home offer buyout? But when it comes to moving out, we’re going to call them hoarders and we’re going to say “mental health” and we’re saying they are not acting rationally? I agree with you about the hoarding part though, yes👍🏼
@THEMANCURTIS
@THEMANCURTIS Жыл бұрын
@@janellemcleod Exactly
@janellemcleod
@janellemcleod Жыл бұрын
@@THEMANCURTIS thank you👍🏼😊
@mauicountygis5450
@mauicountygis5450 Жыл бұрын
It's happened to me. She was a narcissist who abandoned her animals to boot. Maybe some mental health issues there, but mostly just a selfish person with a lot of excuses.
@DaciaMassage
@DaciaMassage Жыл бұрын
This is why I tell all my buyers to sign papers in the house they are buying so they make sure the people are out and to change the locks then you close.
@bepositive4494
@bepositive4494 Жыл бұрын
Great Idea too late for me as I am burned to the core over real estate.
@lilmamma807
@lilmamma807 Жыл бұрын
The 24 hour walkhrough before closing will suffice.
@grease58
@grease58 Жыл бұрын
And that is why we use attorneys for the entire process here in New Jersey. They would absolutely hold far more than $5000 in escrow for the squatting tenants.
@po4742
@po4742 Жыл бұрын
I live in Ontario, you cannot close on a house without the services of a lawyer. Again, CANNOT.
@jamesdiamond820
@jamesdiamond820 Жыл бұрын
My aunt died and her house was put up for sale the buyers actually helped us move out her stuff to the charity shop because they had a large van , which helped us greatly and they got the house quicker
@LaurentiusTriarius
@LaurentiusTriarius Жыл бұрын
I would have offered to take the money from the escrow to rent a container... Written agreement of course lol
@a.b.creator
@a.b.creator Жыл бұрын
Kindness always does everyone better 👍
@jbtpa895
@jbtpa895 Жыл бұрын
Our first house,they wanted us to sign papers but didn't have a key to give us. My lawyer wanted us to go ahead because he didn't think it was a big deal. We rescheduled the closing for the next day and the seller had to pay the extra costs.
@emsparamedic5183
@emsparamedic5183 Жыл бұрын
What a crappy lawyer that was to suggest that!
@jim5k
@jim5k Жыл бұрын
If anybody ever thought real estate was easy they just have to watch your videos!
@investfourmore
@investfourmore Жыл бұрын
I might make it harder than it needs to be 😁😁
@bc5001
@bc5001 Жыл бұрын
Some deals are difficult. Most are easy.
@georgekraus9357
@georgekraus9357 Жыл бұрын
A similar situation happened in Riverside CA about a year ago during covid. The family refused to move out and the new buyers were stuck with no help from the court system because the court was almost shut down due to covid.
@sail253
@sail253 Жыл бұрын
Ha. The court system was shut down due to the draconian government using a virus with a 99.8 surivival rate to take complete power over people's daily lives.
@isettech
@isettech Жыл бұрын
In one state I lived, there was a company that specialized in that. You could rent a family with a U-Haul full. The family consisted of 2 parents, 3 kids, and a large dog. If you enlisted their services, they would show up, with a rental agreement, and start unloading on the front lawn and requesting access. The rental truck has to be returned tonight. It appeared to be effective as they would not go away, and needed to get their stuff out of the weather so it can't stay on the lawn. The rental agreement, even though for a year, was only in effect to the completion of the eviction, but the people in the house didn't know they were an eviction service. I think the service had lots of business. Hard to stay in a house when the out of state renters arrived and have no other place to go. The service was actually in town, but the U-Haul rental often had out of state plates.
@bepositive4494
@bepositive4494 Жыл бұрын
Awesome too bad it is needed.
@Bubbles99718
@Bubbles99718 Жыл бұрын
Yeah, how often is something this needed I wonder?
@ellisellis1032
@ellisellis1032 Жыл бұрын
My realtor advised to do a morning walk through on the day of closing. That way, if there is damage, debris, etc., then closing can be postponed as consistent with the sales contract.
@tinawindham6958
@tinawindham6958 Жыл бұрын
Yes, one seller left a nasty old hot tub on the second floor balcony. When I did the walk through I said that has to be gone bf we close. He gave it to the neighbor who was a hoarder
@lilmamma807
@lilmamma807 Жыл бұрын
I did my walk through a day before closing.
@Dolla-Billz
@Dolla-Billz Жыл бұрын
Mark, there are few adjustments you can make to possibly avoid this in the future. 1) I recommend a holdback in the amount of 10% of the purchase price. It needs to be a bigger hammer than just $5k. 2) in your post closing occupancy agreement you should include the stipulations that their occupancy is not exclusive. Instead, they acknowledge and agree that a new set of occupants of your choosing may move in alongside them and share the house as housemates any time after closing. 3) also in the post closing occupancy agreement, you might have them agree that work on the property will begin on (date) Irrespective of their occupancy status. (Be careful not to make changes that impact habitability).
@investfourmore
@investfourmore Жыл бұрын
Agreed. It was not my agreement but the wholesalers
@robertruschak7083
@robertruschak7083 Жыл бұрын
If these Tenants are willing to STEAL from the owner f landlord, then I cannot imagine what other criminal activity they do……..
@ecomancer007
@ecomancer007 Жыл бұрын
modification to the 5-day post occupancy agreement so on day 6 they wave all RIGHTS allowing you to enter the house considering them as armed intruders doing what one must to protect his property. People have advanced to a point where there is no punishment that is an actual punishment. It wasn't long ago that peoples actions could cost them their lives and it really needs to be reverted back to that time period.
@tanya334
@tanya334 Жыл бұрын
Excellent information 👌
@BaaaWakeUpSheeple
@BaaaWakeUpSheeple Жыл бұрын
Ya dumb… one minute and out. Narcissist much.
@Apogge_kings
@Apogge_kings Жыл бұрын
This is when you need to contact your family members who are felons
@investfourmore
@investfourmore Жыл бұрын
lol
@georgesmiley1474
@georgesmiley1474 Жыл бұрын
Invite 20 banditos over for a barbecue and free beer…
@shoppergirl4363
@shoppergirl4363 Жыл бұрын
🤣🤣🤣🤣🤣
@1snikta
@1snikta Жыл бұрын
Right. We getting them out. Tf ... get out or I'll start throwing stuff out 😂
@CS-qc7np
@CS-qc7np Жыл бұрын
🎯
@carguy4658
@carguy4658 Жыл бұрын
Unfortunate, but it is part of the game people play. I faced something similar when I bought my house. Even though she no longer lived here, she was having seller regrets ... but she wanted me to give her the remaining full balance. I said no to paying her the balance until I had the keys and 100% possession. She stonewalled, and I started looking at other houses again and her realtor got wind of it. Then, she wanted the closing the next day. As you know, closings do not work that way.
@SeedsAndStuff
@SeedsAndStuff Жыл бұрын
Sounds like hoa fees
@tigergreg8
@tigergreg8 Жыл бұрын
What did you end up doing?
@carguy4658
@carguy4658 Жыл бұрын
@@tigergreg8, she had to wait 10 days and clear all her things out of the house since my offer/deposit was contingent on a final post evacuation inspection of the house before the closing.
@EM-ru3eh
@EM-ru3eh Жыл бұрын
I bought my house from the 86 yr old man who built it 36 years ago. On the morning of closing during the walk through, there were still piles of things everywhere, boxes and furniture, etc. He said that help was coming that afternoon and the house would be cleared out. I said fine, we can close tomorrow. The next morning I rolled up to see he was right; everything was outside of the house and piled up on either side of the driveway along the road. My realtor was not surprised when I said no one was getting paid that day. The seller's brother tried to assure me that the county did indeed take household and heavy items, so it would not be a problem if we went ahead and closed. Having checked the county website, I knew that could take weeks, and there were cu ft limits that those piles were exceeding. So, nope. I had to wait another week to close, and like other folks here are saying it screwed up movers, cleaners, locksmith, etc. that had to be rescheduled. But I'm sure glad that I held firm, or I would have been left a mess to deal with, and the house itself was already enough, ugh.
@Name-oz4lq
@Name-oz4lq Жыл бұрын
God forbid you be a decent human being & just help an 86 year old man. 🙄 You sound like a terrible person.
@minoozolala
@minoozolala Жыл бұрын
Poor old man. Must have been so difficult and heartbreaking for him. But of course you wouldn’t care about that.
@griswald7156
@griswald7156 Жыл бұрын
When i bought a house 45 years ago……I didn’t bother with a locksmith…how stoopid is that…but I’ve replaced the doors now..
@Freshbrood
@Freshbrood Жыл бұрын
@@minoozolala How much advance notice does someone need? That "poor" old man was rude as hell to assume the buyer should have to deal with his junk.
@Jjj-fl3cv
@Jjj-fl3cv Жыл бұрын
@@Freshbrood Don't waste your time trying to make sense of it he's part of the handout gang.
@obrianmorgan
@obrianmorgan Жыл бұрын
When I sold my homes, they were completely clean and cleared. If I had things I didn't want, I just hired someone to take them to be disposed of. But sometimes, when people are distressed before they sell or have mental health problems. This is what you're going to see. It's sad, honestly. However, it is unfair to the buyer as well. So I'm glad you can understand that.
@bruceharkness4497
@bruceharkness4497 Жыл бұрын
I have always done a walk through inspection right before closing. I had one seller that wanted to do a short term rental as they had issues closing on the property they were moving to. My realtor said that would be a very bad idea.
@dpayne1943
@dpayne1943 Жыл бұрын
I think it depends. I did a rent back for one month plus they held an additional $3000 (which they released fairly quickly). I really did need the time to close and move (it was out of state). I left the property very clean and 2 days ahead of schedule.
@nemo227
@nemo227 Жыл бұрын
A walk through inspection before closing is probably the best thing.
@lisab9541
@lisab9541 Жыл бұрын
Yes, I did that. Bought and let them rent for weeks and I wouldn't do it again. It wasn't bad but not smart.
@nemo227
@nemo227 Жыл бұрын
@@lisab9541 Most people (almost everybody?) have very little experience and knowledge in the matter of buying and/or renting. We should all "study up" before we rent or buy. My wife and I spent a couple of days doing some serious cleaning of a house we planned to rent but when the landlord wouldn't fix or provide a working water heater we walked and ended up renting a nearly perfect duplex for almost 4 years before buying our house in 1970. The house is paid and we're still here more than 50 years later. If we had moved to a bigger/nicer house through the years we would have paid the inflated prices with higher property taxes. It wasn't our greater wisdom but simple good luck to come to realize that it pays to buy the good neighborhood and make improvements on the structure. It's very difficult to make improvements on the neighborhood.
@janrochester1797
@janrochester1797 Жыл бұрын
@@lisab9541 did it once, never again
@danielweston9188
@danielweston9188 Жыл бұрын
Had this happen once (20 days post agreement) - I moved in with my 3 (BIG) dogs and filled the house with furniture to the point you couldn't walk - BTW our contract left $15k in escrow to cover any issues (they had 9 cars in the back field to move out).
@steved0123
@steved0123 Жыл бұрын
Always inspect the property an hour or two BEFORE closing.
@investfourmore
@investfourmore Жыл бұрын
Yes but it was a post occupancy agreemen t
@SmallSpoonBrigade
@SmallSpoonBrigade Жыл бұрын
@@investfourmore Yes, and these agreements pretty much always have some provision for if the seller doesn't vacate by the deadline anyways.
@dericanslum1696
@dericanslum1696 Жыл бұрын
...yes...5 days before AND day of...
@christopherbradley5575
@christopherbradley5575 Жыл бұрын
I had a similar problem once. The next time I buy an occupied home, the sale will be contingent on vacating before closing day.
@wildmustangart1577
@wildmustangart1577 Жыл бұрын
We love the wholesalers who drag our property values down... they swoop in, buy the property way under market, put $50k into the house, move renters in, then forget about the house...sadly the people who rent, seldom take care of the property, but these big property companies don't care because they don't have to look at it....
@8307c4
@8307c4 Жыл бұрын
It gets worse, the contractors they hire are often "lowest bidder" companies and there's no direct supervision. Many simply take photos before / after in order to get paid, I inspect quite a few of these homes. Some actually do a good job but in most cases they're "jacks of all trades" meaning they might cut the grass while there and since they're not true landscapers they'll basically bushwack it, just as one example.
@shawver83
@shawver83 Жыл бұрын
I shudder to think what the inside of the house is going to look like when they finally leave. 😬
@marcuslane3
@marcuslane3 Жыл бұрын
Nice of you to say where u went wrong on the purchase etc...gives us a sense of reality..alot of people wont do that
@brittongodman7769
@brittongodman7769 Жыл бұрын
I used to work for a certain jurisdiction in Utah doing Code Enforcement and I learned 2 things very quickly. There are many people in this country that I would classify as ''savages'' because of the way they live and [[ usually ]] their almost complete lack of morals and ethics. The other thing is that these same people {{ by and large }} can live in complete filth and squalor and it DOES NOT bother them in the least.
@Bubbles99718
@Bubbles99718 Жыл бұрын
%?
@builtontherockhomestead9390
@builtontherockhomestead9390 Жыл бұрын
I am so glad that I gave myself a month to move from my apartment to the house I purchased out in the country. The previous owner left a ton of trash inside the house. Like piles of paper and other trash. A friend and I had to relocate trash out of the living room so we had a place to put the air mattresses so we could have a place to sleep. I made many trips out to the property with my Rav4 packed with my belongings and then would return to the city packed with trash or stuff I took to a thrift store. I needed that month to clean out all the crap the previous owner left inside the house. After I finally was able to completely move in, I tackled the trash left in an outbuilding. I should probably add, due to the wife not bothering to tackle probate (husband had passed) before selling the property, escrow got extended so an attorney could take care of it. So she had twice the time to move out. When I toured the property she had mostly moved out and was living with her son. The property had been on the market for over a year with no one living there and they still couldn't get the house cleaned out. And make sure you have the legal rights to sell a property before putting it on the market.
@pattycarol5191
@pattycarol5191 Жыл бұрын
I purchased my home from an older lady whom built it 34 yrs ago. We changed the closing date twice for her. And the day of her supposing to be leaving..it took all day.Even her family was looking like WTF.
@MaxPower-11
@MaxPower-11 Жыл бұрын
Those temp tags may actually just be fake, printed on a home printer. A reputable car dealer will not normally supply a never-ending stream of temporary tags.
@jenniferholland3421
@jenniferholland3421 Жыл бұрын
I stumbled across your channel today and I’ve been loving watching your videos. Especially the ones on the Ocho property lol. I am a great tenant and my landlords always love me by the way lol. Thanks for the videos that keep me entertained while working from home! Lol
@investfourmore
@investfourmore Жыл бұрын
ThankS!
@ellie1595
@ellie1595 Жыл бұрын
Mark, you are such an awesome dude. I really love your positive outlook.
@fredlamond3288
@fredlamond3288 Жыл бұрын
I have been thru more stressful court ordered vacate orders than I care to think about. They all start out great but eventually many go ugly. Think it over and over if you want to get into the landlord game. It is not for the timid.
@edkulk2777
@edkulk2777 Жыл бұрын
Google maps shows an aerial view of the property with the backyard full of junk and two abandoned vehicles and what appears to be an abandoned motorhome, all in that fenced in backyard.... and there's the two white Jeeps in the driveway... LOL.
@investfourmore
@investfourmore Жыл бұрын
There wasn't a motor home when I saw it...
@wkjeom
@wkjeom Жыл бұрын
@@investfourmore Whew! No motorhome or trailer. Amazing. 😋
@jrs4ex
@jrs4ex Жыл бұрын
Living in squalor but no shortage of Amazon boxes everywhere.
@tammymoody8952
@tammymoody8952 Жыл бұрын
We had a seller that took forever to move out. At the closing after all documents were signed he stated, “So what day do I need to be out of the house. We never agreed on a move out day.” Everyone in the room looked at each other like WTF. I have to extend my lease and change the moving truck days. I missed several days of work. It was painful and crazy.
@garyzimmerman8679
@garyzimmerman8679 Жыл бұрын
Always put put move out date in contract. Always before closing as well.
@SmallSpoonBrigade
@SmallSpoonBrigade Жыл бұрын
@@garyzimmerman8679 Yes, if it's not within the four corners of the contract, it effectively isn't in the contract at all. Things like this need to be specific as there's commonly a fee that comes into effect after that day. Without a day, having a $100 a day penalty for continuing to be there is absolutely meaningless.
@tomasgomez7083
@tomasgomez7083 Жыл бұрын
Hey Mark, we bought our house in a smaller rural area. We were surprised to be told by the real estate agent that it's customary to give the current owner 30 days to move out and there was no compensation.
@JohnJohn-wr1jo
@JohnJohn-wr1jo Жыл бұрын
That has to be one of the dumbest explanations that I've heard from a RE Agent and I've heard quite a few. Inconvenience aside, the liability issues from this would be a deal breaker for most buyers. Me personally I would never close on a house before the seller and every last possession was gone and confirmed during the walk through.
@investfourmore
@investfourmore Жыл бұрын
I would talk to a different agent!
@lorirogers9304
@lorirogers9304 Жыл бұрын
@@shelunawolf6842 in NY the buyer does a walkthrough before closing, and in most cases the property must be broom clean condition.
@julietteoscaralphanovember2223
@julietteoscaralphanovember2223 Жыл бұрын
That has to be the biggest bs ever!
@_DB.COOPER
@_DB.COOPER Жыл бұрын
30 days is standard in the Southwest.
@whizzo55
@whizzo55 Жыл бұрын
This is another fine mess Mark has gotten us into! lol
@investfourmore
@investfourmore Жыл бұрын
🤣🤣🤣
@kathyw7143
@kathyw7143 Жыл бұрын
Mark have you EVER bought a property that didn't have tires?? 😂😂
@investfourmore
@investfourmore Жыл бұрын
Nope
@greg5011
@greg5011 Жыл бұрын
Or and exercise bike...
@merediths2cents
@merediths2cents Жыл бұрын
Just found you. This is so interesting!! Thank you. Merry Christmas 🎄
@janesmith3892
@janesmith3892 Жыл бұрын
These updates are so sad yet so entertaining. I’m sorry, Mark. 😂😅
@investfourmore
@investfourmore Жыл бұрын
No worries!
@peccatumDei
@peccatumDei Жыл бұрын
Holy Moly! I pulled up the aerial view on Bing maps, and you were not kidding, that back yard was packed!
@animalactivist7820
@animalactivist7820 Жыл бұрын
Wow! I really feel for you dude! That’s some aggregating, frustrating, and really dirty sh*t you had to deal with there. I’m amazed that people continue to stay long after their time has since expired. I’m sure you’ve seen it all though, in that business!
@midwestfarm757
@midwestfarm757 Жыл бұрын
I checked the house on Google Maps, and I can't believe how much stuff is in the back yard! The roof looks like it was missing a bunch of shingles as well.
@forfoxsake7972
@forfoxsake7972 Жыл бұрын
Just did the same. Crazy how people can live like that 😳 Leave it to Mark to buy the only house in the entire street that looks like this 😅 But I won't complain obviously: more entertainment for us 😉
@investfourmore
@investfourmore Жыл бұрын
I just bought it
@68hilaire
@68hilaire Жыл бұрын
I never even thought of someone being in a home by the time closing happens. We were out of our house before closing. Had to wait a month to close on the new house.. ( put our stuff in storage, and stayed at my sisters) and the previous owners were out of our new house by closing.
@vickiechandler3112
@vickiechandler3112 Жыл бұрын
our new to us as of last year house had a glitch like that... the sellers thought they had 6 weeks after closing to move the rest of their stuff out. Our realtor was dumbfounded and said that in 20 plus years selling houses she had never heard someone saying that ...>She was awesome and brokered a deal that gave them basically the weekend to clean out or they had to pay so much per day and whatever was left after that was ours. Dang it..they took the 4 wheeler...LOL
@anythingforselenas806
@anythingforselenas806 10 ай бұрын
When we bought our first house, we “rented” it for five days before we signed. I was thankful they let us! We definitely paid for it.
@TheFinanceZone
@TheFinanceZone Жыл бұрын
Wow, super interesting! I bought a property with tenants in the home, and they moved out before I closed Escrow! Thankfully it wasn't a situation like this, lol! Best of luck man, wonder if they will actually pay that $250 per day fee.
@charlielamb4606
@charlielamb4606 Жыл бұрын
never ever take possession of a property until you walk thru on closing day, and have the keys in your hands, with a locksmith on standby. trust me, been there once.
@USAcit
@USAcit Жыл бұрын
Thank you for that smart information
@Jason-ne7cb
@Jason-ne7cb Жыл бұрын
Wow I just looked at it on Google maps... that back yard was packed. I am not surprised they are taking so long.
@2DogsVlogs
@2DogsVlogs Жыл бұрын
This happened too a neighbour of mine. It was a divorce and she didn't want too sell. New owners turned up with a big removal truck and the lady hadn't vacated. The new owners had too find a place too store all their stuff and stay in a hotel whilst going the the eviction process. She still refused to leave and they had to get the Sheriff which took another 2 months. She was dragged out by the police and ended up living in her car out the front of the house. Poor new owners, think how much a hotel and storage would have cost for 3 or 4 months.
@camellia8625
@camellia8625 Жыл бұрын
No dignity. Very sad situation
@GrannySmith123
@GrannySmith123 Жыл бұрын
I had buyers walk thru the day before closing so there were no surprises. Same as when I sold one. People should insist on this!
@callieduval3000
@callieduval3000 Жыл бұрын
Bought my 1st home they cleaned it all out over the weekend and I had my realtor call to make sure they were done. The previous owners were so nice and left me new items as well. I see sometimes it doesn't go that well.
@jonathantaylor6926
@jonathantaylor6926 Жыл бұрын
I'm thinking high rates are going to kill house flipping.. dumping 50K cash into a property worked well when rates were low and people (who didn't have 50K cash but wanted a remodeled house) could easily just finance the higher sale price... but with rates headed to 8-9% that extra 50K+ flipper profit is going to hurt and I think a lot of people will just settle for an old kitchen and they'll buy some paint at home depot and do it themselves.
@adeptronic
@adeptronic Жыл бұрын
If the rates get high enough some flippers who have cash may try to seller finance the home. Under Jimmy Carter, the interest rate got up to 22 percent. If a flipper could purchase a property low enough and then remodel, the sale price may only reflect their costs due to interest rates driving property values down but there will be plenty of money to be made on the back end. I think seller financing and rent to own may become the new model.
@wileecoyote5749
@wileecoyote5749 Жыл бұрын
yeah game over
@SmallSpoonBrigade
@SmallSpoonBrigade Жыл бұрын
It's hardly just that, you can't have a significant portion of the real estate market be people buying cheaper properties and fixing them up for resale at a higher price with so many people out there that can't afford the rates of those cheaper properties. Even without rates going up, it's still going to dry up eventually as wages have not been increasing by a similar rate. Whether people buy to live in them or buy to rent them out, there comes a point where there just aren't enough buyers to make it work out and using your own cash only does so much in making it a moneymaking venture.
@adeptronic
@adeptronic Жыл бұрын
@@SmallSpoonBrigade Tell that to all the people who made money buying and selling homes and landlording during the great depression. We are headed for some hard times. If you stay flexible and keep your eyes open there will be opportunities to make money.
@jujujj63
@jujujj63 Жыл бұрын
Good advice no post occupancy ever!!!
@ictharian
@ictharian Жыл бұрын
Do you use warranty deeds in your state? It seems like this may breach one of the traditional warranty covenants at sale, perhaps quiet enjoyment?
@sueregan2782
@sueregan2782 2 ай бұрын
One home I bought, the sellers were still in process of moving out when we went to closing. I demanded a few thousand be held back at closing, pending the sellers vacating the house in good order, plus an added agreement that they would be out by the end of day and not hold me liable for any of their belongings still on the property., and not block the arrival of my moving containers.
@investfourmore
@investfourmore 2 ай бұрын
It is a risky situation
@billmiller789
@billmiller789 Жыл бұрын
I used to just set a date and list it in the contract that everything left after so many days is considered abandoned and now belongs to me. It is surprising how much valuable stuff is left w/ no argument.
Жыл бұрын
This is gold. Thank you.
@investfourmore
@investfourmore Жыл бұрын
You're very welcome!
@cdrone4066
@cdrone4066 Жыл бұрын
You should do a walk through on the day of the closing, never give money over until they are out, not one penny.
@thaboomer53
@thaboomer53 Жыл бұрын
The house in the last part of the vid was a classic hoarder house. Anyone that keeps trash and refuses to throw it away is a hoarder.
@carols1030
@carols1030 Жыл бұрын
I bought a junky property, included a $5 k deduction from sale price if not cleaned up prior to close. They were VERY busy the last 2 days before. This escrow does give you $5 k but drags things out.
@investfourmore
@investfourmore Жыл бұрын
Agreed
@Rjsanfran
@Rjsanfran Жыл бұрын
Who decides if it’s cleaned up?
@cheskydivision
@cheskydivision Жыл бұрын
Can you include an eviction notice at the time you do the sale and paperwork on the house? Seems if there is an agreement for the owners to leave by a certain date then they are already served and should save you some time.
@investfourmore
@investfourmore Жыл бұрын
They have to break the agreement before they can be served
@wileecoyote5749
@wileecoyote5749 Жыл бұрын
Try eviction in NYC. Ha Ha
@ashdav9980
@ashdav9980 6 ай бұрын
NEVER DO A POST SALE OCCUPANCY AGREEMENT. Way to many things can go wrong. Keep your real estate sales/purchases clean.
@MarksHouseofCars-js4vo
@MarksHouseofCars-js4vo 6 ай бұрын
In a perfect world sure. But some deals require them.
@shulamiteKINGSbride
@shulamiteKINGSbride Жыл бұрын
Hoarding is a real mental issue. It is surprising how many people hoard.
@hectorccruzer
@hectorccruzer Жыл бұрын
i subscribed, I learned something very useful, thank you for sharing.
@investfourmore
@investfourmore Жыл бұрын
Thanks for the sub!
@pianolady10
@pianolady10 Жыл бұрын
We sold our house years ago through a realtor who “switched sides” to a buyer we couldn’t trust - one new condition after another. We didn’t trust either one of them and were afraid we’d end up out of our house only to have him back out of the sale while we got stuck paying both rent and mortgage. We didn’t “dig in” our heels, but we certainly dragged them.
@SmallSpoonBrigade
@SmallSpoonBrigade Жыл бұрын
I'd assume that you'd be able to sue in that situation, the use of information that they were provided when they were representing you would be a massive legal problem and probably a violation of whatever license they need to work as a real estate agent.
@pianolady10
@pianolady10 Жыл бұрын
@@SmallSpoonBrigade we had no idea what our rights were. She constantly “talked down” to us, and we couldn’t afford an attorney even if we’d known how to go about finding one who specialized in real estate.
@59phonebone
@59phonebone Жыл бұрын
Holy crap, the Google Earth satellite photo of this place makes it look like there’s a salvage yard out back.
@investfourmore
@investfourmore Жыл бұрын
Its better now :)
@fabiola925
@fabiola925 Жыл бұрын
When you first started buying properties did you have a plan in mind? Or did you just try it and figured it out as you go?
@investfourmore
@investfourmore Жыл бұрын
I just started buying but then came up with plans.
@wileecoyote5749
@wileecoyote5749 Жыл бұрын
Wait another year if you plan on doing anything
@tdww3276
@tdww3276 5 ай бұрын
When I bought my first house in 2004, we signed and waited 2 days to start the move, they had not even packed up. We said out today or we will not take the house. Ridiculous. They moved out but it was crazy. The house I bought in 2015 was empty and all we did was dust and vacuum. Much better experience.
@jencin7630
@jencin7630 Жыл бұрын
that is why you do closing at home - and if not empty then dont close
@ednaatluxton4918
@ednaatluxton4918 Жыл бұрын
Alot of people buying set closing dates to match when they're also closing on selling the house they live in so they'd end up homeless if they were in this situation. Could they sue for accomodation costs while awaiting for them to leave since their home closed and sold the same day?
@daves3108
@daves3108 Жыл бұрын
How many days after you bought it was the possession date?
@computerweenie
@computerweenie Жыл бұрын
Not a big fan of post occupancy agreements. When it goes south, it's up to the new owner to hire attorneys to take care of it and it costs money. When I was still working as a realtor I would do two final walk throughs. One usually a day before closing and one an hour before closing. We had an agent in our office do a walk through the day before when she represented the buyers. When the property closed, the buyers went to the house and a pipe had frozen on the second floor and poured down through to the first floor destroying the hardwood floors. Neither the seller's insurance company wanted to pay for damages nor the buyers. The sellers insurance agency said the property was closed and their client didn't own it. The buyer's insurance company said it occurred when the previous owners owned it. There was a huge lawsuit to settle the case. The new owners had to pay all the attorney fees.
@TL-wy1nk
@TL-wy1nk Жыл бұрын
Boy, I am learning a lot at your expense.
@investfourmore
@investfourmore Жыл бұрын
:)
@itsnotthesamething
@itsnotthesamething Жыл бұрын
We purchased a house 20 years ago from a man who owned a building company. He built that house in the 80's, and lived in it till he sold it to us. When it was time to move, he asked us to get an apartment, since we sold our other house and had to move out. He wanted to stay in his house a few more months. His real estate agent told him he had several houses on the market, and he could move into any one of them, but he couldn't stay in the house we purchased. He was moving his stuff out as we were moving ours in. We managed to get everything out of our previous house and get it cleaned up on the day we were supposed to move.
@_SHANE_
@_SHANE_ Жыл бұрын
After seeing this one, it brought up something i decided to try that I haven’t heard any landlords do. Just car dealers. But have you ever used ozone machines in any of your properties and if so, do they work?
@vernamorales2326
@vernamorales2326 Жыл бұрын
I know someone that happened to.The owners new house was held up.He stayed an extra six months.Finally he checked into a hotel for 2 months.He is now in his new house and my friend was finally abled to move in.Such a nightmare
@charlescurran1289
@charlescurran1289 Жыл бұрын
I find it incredible that people are in total denial of reality that they have to move out. I can’t imagine that such behavior won’t have an impact on future house purchases or rentals. Don’t they realize that they are burning down their reputation?
@laureenefurnari1609
@laureenefurnari1609 Жыл бұрын
Yeah there’s a lot of shady things going on today with people selling homes with renting homes out everyone needs to be careful and pay attention do not give all your money upfront
@Brandyebee
@Brandyebee Жыл бұрын
I start packing 30 days before a move. People are weird.
@oocombz
@oocombz Жыл бұрын
So I actually experienced something similar to that but it wasn't people it was stuff. Back in December of 2020 I bought my uncle by marriage childhood home from his mom's estate. I lived there for a year before he finally got the rest of his mom's belongings out of the house. He was even pissed that I put stuff in the storage shed and had thrown stuff away. Some people just think that they're entitled and they need to be taken down a few pegs.
@suedefringe
@suedefringe Жыл бұрын
I would not have bought my house unless the owner was not already moved out. We did a walk through before closing. Of something wasn't right I could speak now or forever hold my peace.
@anthonym6119
@anthonym6119 Жыл бұрын
This guy seems calm he must have planned to do work on it before moving in.
@suzyq_lasvegas4536
@suzyq_lasvegas4536 Жыл бұрын
I bought a custom built home and the lady didn’t want to move. She didn’t start packing until the day they were supposed to move out. We show up at 11:00 am and they have little packed. I had to clean the house.
@valentinasylvester4709
@valentinasylvester4709 Жыл бұрын
Wow! What is your recourse?
@garyzimmerman8679
@garyzimmerman8679 Жыл бұрын
I knew someone this happened too, and they hired someone w came in dug up the front yard, back yard and five way which cut off all utilities and made it impossible and unlivable. They moved out. It was much cheaper then hiring a lawyer
@lucsmith2092
@lucsmith2092 Жыл бұрын
Wow!
@thepotatoofheaven
@thepotatoofheaven Жыл бұрын
five way?
@Dpol85
@Dpol85 Жыл бұрын
Temp tags might be because they were intending to move out of state. For example if they move from a smog required state to a no smog state.
@jimjones1232
@jimjones1232 Жыл бұрын
Who is their right mind would close on a house with the seller's still living in it? When doing the final walk through the house has to be empty so you don't have to worry about the previous owners staying in it.
@reducepricroryhrywtby
@reducepricroryhrywtby Жыл бұрын
In UK my solicitor says if selling a house for protection not to move out until our money for house is transferred to solicitor as its a relatives house and he tells us it's here then move ASAP
@stephaniehowe0973
@stephaniehowe0973 Жыл бұрын
I bought my house in 2004 its in Standard contract the house is delivered empty broomswept on the Closing date. Per Diem was also in there
@griswald7156
@griswald7156 Жыл бұрын
When i moved into my house the leaving guy took the front door bell,and a fitted mirror in the bathroom..he left an old door in the garden…when i thrust an electricity bill addressed to him into his hands,he said that’s yours that is..i said its addressed to you..they schmooze you into a sale…then they get cocky and mean after the sale is stitched..
@marcosaparicio4863
@marcosaparicio4863 Жыл бұрын
Sounds great 👍
@stephanieames66
@stephanieames66 Жыл бұрын
This happened to a family member. Simply walk out of the closing until the soon-to- be former owner and their property is gone.
@John-qg1bk
@John-qg1bk Жыл бұрын
I'm a retired landlord here in Florid. Been there done that. But i do miss it sometimes. It's a good business if you can take the lies and BS.
@backyardbuilttrucks1
@backyardbuilttrucks1 Жыл бұрын
We bought our house 7 years ago , took 10 months to get the lady out . Taken her son to come up from Arizona to the Midwest to get her out . She had every excuse in the book older lady 62 we tried to help all we could we paid for packing boxes and other materials and even helped her pack up but then she started selling things that came with the house we had paid for like rear deck , a two car carport . It was a mess.
@lauragwillim1055
@lauragwillim1055 Жыл бұрын
How on earth could she sell a deck or carport?
@rufinaseme6173
@rufinaseme6173 Жыл бұрын
I've seen people selling pool decks and carport can be sold for scrap if it's metal
@kathleenlock8963
@kathleenlock8963 Жыл бұрын
When we bought our house, at closing the agreement was that they would be out by noon on the move in date because we had to be out of our apartment by noon. We got to the house about 12:30 and while they had all the small stuff out, they were still waiting for the furniture movers. Turned out their son, in order to save a buck, didn't hire people who would guarantee a specific time. Their movers didn't come until about 6:00, so we had to move our stuff into the garage and basement, which meant the next day it was like moving all over again getting everything into the house.
@Archtops
@Archtops Жыл бұрын
I’d be so stressed out in this situation if I needed to move in.
@jgjg3848
@jgjg3848 Жыл бұрын
Luckily, he didn't move out of a place or sell a home and has nowhere to go. Most people who buy a home have sold their current home and people like this cost them so much extra money and fees.
@rclark297
@rclark297 Жыл бұрын
This was pretty interesting. If they don't move, could they be considered squatters? I keep seeing that in the news or here on KZbin. Crazy crazy
@sheilam311
@sheilam311 Жыл бұрын
Our first house they refused to move and refused to pay the weekly amount anymore. Lawyer, $1500 and we showed up and took down the fence. Huge fight, cops. It was something. Our. FIRST. House. Smh
@joekris.2998
@joekris.2998 Жыл бұрын
Hello Sheila Martinez 😊 how are you?
@anonymouse9833
@anonymouse9833 Жыл бұрын
Agh this happened to a military family I know. They bought a home before they moved back from overseas, and did some sort of post-occupancy agreement. They asked for a large amount in escrow so they sellers decided to stay while their new home was being renovated, because it was cheaper for them to eat up the escrow instead of paying for a hotel. The buying family (5 people) ended up having to stay in hotels for almost 2 months while the sellers took their time. It totally turned me off to the post-occupancy agreement thing. Never never never.
@virginiaviola5097
@virginiaviola5097 Жыл бұрын
I’m really confused by this. How does this happen? Have you paid cash upfront for this property? Are these people the sellers or tenants? I live in Australia and I don’t even think that this could happen. I’ve certainly never heard of it or seen it happen.
@wm8214
@wm8214 Жыл бұрын
Wow I feel so bad for those neighbors as well!!
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