What Does Close Plus 30 Days Mean?

What Does Close Plus 30 Days Mean?

When selling or buying a home, the seller will often times need what’s called occupancy, which means that they will need to occupy the home after closing. This could be a period of 30 to 60 days, typically because after 60 days, it becomes an investment property for the buyer.

So you usually want to keep between 30 and 60 days or less. And there’s different ways this can happen, whether it’s free or paid occupancy. But essentially, the seller a lot of times needs this because they either need to buy a home after they sell or they want to make sure that they won’t actually start moving until they’ve actually sold their home.

So if you have any questions, please leave a comment below. Please share with anyone you think it’d be helpful to. And as always, close with Patrice.

This has been “What Does Close Plus 30 Days Mean?” by Patrice Henderson of Designed Living Real Estate. Be sure to subscribe to her YouTube channel for all your real estate tips, home tours and advice.

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