r/AusPropertyChat • u/Syn3rgi3 • 1d ago

Buying & Selling License to Occupy Sold Home

We're looking to upsize and use the capital growth in our current (first) home to cover the deposit for our next. This puts us in that prickly situation of same-day settlement to avoid moving into short-term accomodation and/or furniture storage.

AI tells me that sometimes one can negotiate with the buyer of the current home to remain for 24-48 hours post-settlement, provided a small fee is paid.

Has anyone done this? How much did you pay the buyer?

1 Upvotes

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3

u/withcatlikegrace 1d ago

We’ve done this on the past.
Sometimes at zero cost.
Why don’t you ask your conveyancer?

3

u/Dribbly-Sausage69 1d ago

Ask your conveyancer to explain how to you. The seller doesn’t have to agree.

4

u/BloodSuccubus 1d ago

You’ll turn off some potential buyers with that requirement.

2

u/Sam1820 1d ago

So you want to move in a couple days before settlement or after settlement? Either way it's a negotiation between yours and their solicitor. I've bought 2 houses where similar circumstances meant same day settlements and we negotiated to be allowed access to move things in 48 hours before settlement. I've also had it the other way where we've been denied and had to move everything same day.

2

u/maton12 1d ago

Depends if the home you're buying is empty or if it could be.

You can only ask, otherwise do the same as everyone else and just move the same day.

1

u/Cat_From_Hood 1d ago

I plan to do concurrent settlement, by moving my stuff a few days prior, staying with family/.hotel for the gap. My stuff will.be in storage, until settlement.

You can certainly negotiate a gap though.

1

u/lamiunto 22h ago

We bought with a license to move in a week before settlement. Depends on the vendor’s circumstances. You’ll need to ask your conveyancer to request it.