Coinciding Settlements Clauses - Moving Issues

People who are selling their home in order to buy another frequently put a "coinciding settlements" clause into their contract offer on the new home. One reason for doing this is so they can move from one home to the other at the same time.

Coinciding Moving Day?

One reason people want coinciding settlements is so they can move out of one house and into the other the same day. Sometimes this works out. Sometimes not. If it doesn't work out, don't freak out.

For example, if the house you're buying is a new one, it may not be completed and have an occupancy permit by the date specified. Are you going to risk losing the sale of your old home by insisting that settlement be delayed? Not if you're smart and you really want to make this change. You might explore delaying settlement, or the option of a "lease back" period. If those ideas don't fly, it's time to cope.

Depending on your budget and the length of time between moving out of your old home and moving into your new one, you could:

1) Have the moving company store your furniture and household goods, or

2) Rent a "smart box," pack your household items into it, and leave it parked in front of your old home, or park it in front of your new one (depending on who grants permission), or

3) Store your things in the basement or garage of your new home (with permission), or

4) Rent a storage unit by the month, or

5) Store your things in the basement or garage of a relative or friend, AND

A) Stay in a hotel or motel for a few nights, or

B) Stay in an extended-stay hotel or motel suite, or

C) Stay with family or friends, or

D) Go camping, or

E) Some combination of the above.

The point is to act like a mature adult. Be flexible. You're making a big change. The chances it'll go off without a hitch are slim. Keep things in perspective. Practice creative problem solving. You'll be proud of yourself and have a smile on your face when moving day comes.



Posted by Matt Lillie on December 13, 2008 at 12:00 AM

About Matt Lillie
Matt Lillie is affliated with VIP Realty Center, which is located in Wichita, KS. For further assistance please use the contact information located on the right.



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Local Information for Wichita, KS

Latitude: 37.688848 -- Longitude: -97.336226


ZIP Codes for Wichita, Kansas 67201  67202  67203  67204  67205  67206  67207  67208  67209  67210  67211  67212  67213  67214  67215  67216  67217  67218  67219  67220  67221  67223  67226  67227  67228  67230  67231  67232  67233  67235  67236  67251  67256  67257  67259  67260  67275  67276  67277  67278 
Area Code for Wichita, Kansas 316
Time zone for Wichita, Kansas CST



Other Area Cities:   Derby, KS  Haysville, KS  Valley Center, KS  Andover, KS  Newton, KS  Wichita, KS  Rose Hill, KS 

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Wichita, also known as the Air Capital, is the largest city in the U.S. state of Kansas, as well as a major aircraft manufacturing hub and cultural center. The city is home to six major aircraft manufacturing companies and McConnell Air Force Base. Wichita is located in South Central Kansas on the Arkansas River, and is the county seat of Sedgwick County. Wichita is the 51st largest city in the United States with an estimated population of 354,865 in the year 2005. The Wichita Metropolitan Statistical Area (MSA), which encompasses Sedgwick, Butler, Harvey, and Sumner counties, has a 2004 estimated population of 584,671 persons residing in 245,159 households, making it the 82nd largest MSA in the United States. The Wichita-Winfield Combined Statistical Area also includes Cowley County and has an estimated population of 618,641. -- Source: Wikipedia.com




Kansas 2000 Census Population Profile Map

Wichita Kansas United States
Population 344,284 2,688,418 281,421,906
Median age 33.4 35.2 35.3
Median age for Male 32.3 33.7 34
Median age for Female 34.6 36.5 36.5
Households 139,087 1,037,891 105,480,101
Household population 339,407 2,606,468 273,643,273
Average household size 2.44 2.51 2.59
Families 87,818 701,547 71,787,347
Average family size 3.1 3.07 3.14
Housing units 152,119 1,131,200 115,904,641
Occupied units 139,087 1,037,891 105,480,101
Vacant units 13,032 93,309 10,424,540

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Matt Lillie - VIP Realty Center
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Wichita, KS 67212

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