When escrow is slow?

If you decide to allow a buyer into your home before escrow closes you should be very careful. Once the buyer has possession, if he decides to back out of the deal, you might have to go through an eviction process, which can be costly and time consuming.

If you want to let the buyer move in, you need to amend the purchase agreement by adding rental terms. Consult an O.W.D lawyer to draft the agreement so you can be sure it is adequate. These provisions should cover how much rent will be and when it is due. Also, make sure the buyers do their walk through inspection prior to moving in. That way there won’t be any surprise problems at actual closing time.