🔑 Key Takeaway: Say no to pre-possession storage requests or ensure the buyer and seller sign a release of liability to avoid legal risks.
Imagine this: The deal has just gone firm. You can practically see the finish line. Then, your phone buzzes. It's an innocent-sounding message from the buyer's agent:
📲 "The buyers are wondering if the sellers might be open to allowing them to store a few boxes of personal items in the garage prior to possession." .
It seems like such a small favour. The sellers are nice people, the garage is currently empty, and everyone wants to be agreeable.
While the intention is good, saying "yes" to this request is like finishing a marathon only to sprain your ankle on the victory lap.
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Consider the worst-case scenarios:
Theft or Damage: What if the garage is broken into? What if a pipe bursts and floods the garage floor? The buyers will likely look to the sellers for compensation, potentially sparking a dispute days before closing.
Damage to Property: While moving those "few boxes" in, the buyers (or their movers) might scratch the car parked in the driveway or dent the garage door frame. Who pays for that?
Suddenly, a favor designed to build goodwill becomes the very thing that derails the sale.
It’s Ok To Say No!
If you are a buyer’s agent or a seller facing this request, the best advice is usually a polite but firm "no." It’s not about being difficult; it’s about protecting the transaction for both parties.
If You Absolutely Must Say Yes
Sometimes, early storage is the only option that keeps a deal alive. If you absolutely must agree to pre-possession storage, don’t do it based on a handshake or a text message.
➡ Best Practice: Have the buyer sign a Release of Liability agreement.
Real estate transactions are high-stakes events. Don't let a few cardboard boxes jeopardize the sale.
Erin
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