SoCal78 said:
I'm going to be blunt. In my opinion, you're both wrong. The deal should be to close on the 26th with a 3-day grace period for you to move out. Every time I have closed escrow on a home as both a buyer and seller, I have given and received that customary grace period.
@socal - The customary grace period not always customary. It raises several questions about insurance, responsibility, and liability if/when something should go wrong. For example, what would you do as an owner when the tenant throws a going away party, and doesn't clean up afterwards, or worse, breaks something?
On the West Side, and down in SD County, it is typical to close and deliver on the same day.
@trojanman - In your shoes, I'd close as early as possible and be very accommodating, getting your stuff out quickly. Anything can happen with an open escrow.
Also, don't ever tell your closing price to another agent until it is closed, nor the expected closing date, as they may cut you off at the knees by slashing their price enough to make the buyer walk from their earnest money deposit. More importantly for you, at this point, since the contingencies have not been removed and the property is still in "backup" status, there would be nearly no cost to the buyer to walk. When asked, the correct answer is, "That information will be public as soon as it is recorded. Would you like me to call you at when escrow closes?"
Congrats again. You still owe me lunch. And let me know when to come pick up my signs and lockbox.
