Moving in before purchase is completed

Dollymix12

davidmcn wrote: »

If there's no contract for your purchase then you don't know that it will just be "a couple of weeks". It could be much longer, it might never happen. What happens if they (or you) try renegotiating after you've settled in?

Exactly what I was thinking, I want to make sure I have thought of everything if it is something that is suggested

ThePants999

But you have an alternative - move in with your MIL. Given the existence of that alternative, I'd go for this plan, because if something goes wrong, then you have a backup and only stand to lose some removals costs.

G_M

The risk to you is minimal. It's a good solution.

The risks to your seller are multiple.

So it depends how good their legal advice is!

Dollymix12

I just wouldn't be sure about it I really it to be ours first time we stay there

gld73

I did this several years ago - I was buying a house from a lovely couple who'd inherited a place and were moving in to that (so they were the end of the chain). My buyers lost their buyers, so although I got another buyer immediately (this time not in a chain) it set things back a month. As I needed to move to my new location for my job anyway, we all decided I was as well renting the place I was buying to save moving twice. A solicitor drew up the rental agreement (no gas at the property so no landlord gas checks required) and I paid rent for the month or so until the purchase of the house went through. No problems and it all went well.

So although there are plenty reasons you shouldn't do it to be ultra-safe, it's not necessarily something to be avoided at all costs; it can work out fine. (But that was just my one experience of that situation!)

martindow

Estate agents say all sorts of things to smooth their way to a sale. The solicitors of the vendor are likely to tell them not to do this in no uncertain terms. I imagine that insurance could be problematic unless they are aware of the situation.

Mojisola

G_M wrote: »

The risk to you is minimal. It's a good solution.

The risks to your seller are multiple.

So it depends how good their legal advice is!

Our buyer suggested this to us and our solicitor's face actually went pale when we asked his advice.

I'm sure under some circumstance, it could work out but there are also a lot of ways for it to go wrong.

Dollymix12

Thanks for all the replies, my gut instinct was that it wouldn't be a good idea so you have all helped me decide it definitely isn't lol