Should You Give Buyers the Keys Before Closing? Risks Every Seller Should Know | Episode 81

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If a buyer asks for the keys before closing… what would you do?

https://youtu.be/xoqMr2m4UB8

It sounds harmless. Maybe they just want to store a few things or move in early. But in real estate, this is called early possession, and it can create serious legal, financial, and insurance risks for sellers.

In this episode of Talking Realty, Glen breaks down:

  • Why buyers ask for possession before closing
  • What can go wrong (including real stories)
  • How deals can fall apart after early possession
  • The risks of letting buyers move in early
  • What to say when buyers ask for access
  • How to protect yourself if you absolutely have to allow it

With nearly 3,000 home sales under our belt, we’ve seen how quickly this situation can turn from a small favor into a major problem.

Bottom line: No closing = No keys.

If you’re selling your home and want to avoid costly mistakes, this is a must-watch. If you’re thinking about listing or you’ve been selling on your own and have questions, book a free no-obligation call where we can discuss your selling goals and how to reach them.

Key Moments:

  • 00:00 Early Possession Warning
  • 01:07 Buyer Wants Garage Access
  • 03:48 Storage Pods Case Study
  • 06:41 Why Deals Fall Apart
  • 08:54 Damage and Insurance Risks
  • 11:48 Utilities and Liability Mess
  • 12:47 Best Answer No Keys
  • 16:12 If You Really Must Allow Early Posession
  • 18:01 Attorney Agreement and Rent
  • 21:34 Limit Access and Recap
  • 22:52 Final Takeaway: No Keys, No Posession

Key Resources:

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