Now that the home seller has received an offer from someone to buy their home, they will soon ask when it is safe for them to start moving out of their property and into their new place.
The best answer I can give is to wait until you are in escrow for at least 21 days.
During days 1-21 of escrow, the buyer is doing their home inspections and working with the lender to get a loan.
Anything can happen during those 21 days.
Your home might fail inspections.
The buyer may not be able to get a loan.
The home appraised value may come in way below the agreed-upon purchase price.
Whatever the case might be, if the deal is going to be canceled, it will usually be canceled within the first 21 days of escrow.
So if we already know that going in, the best thing to do is to wait until the buyer completes their inspections and the loan is approved (usually the 21-day mark).
Typically escrows are 30 days long.
Plan your move for the last week that you are in escrow.
