Why closing dates matter
THE HOME GUIDE · 45
Why closing dates matter
The day a home changes hands can affect both buyers and sellers.
ABOUT 3 MINUTES TO READ
A QUICK LOOK · THREE THINGS TO KNOW
01 / START HERE
The date can have real costs
A closing date may change when you pay rent, move or start a new loan.
02 / START HERE
Ask what each side needs
One person may need time to move.
03 / START HERE
Check the dates in writing
A date in the signed deal matters.
Two home offers can have the same price and still feel very different. The date of the move may affect a job, a loan or the next place someone needs to live.
PART 01
The date can have real costs
A closing date may change when you pay rent, move or start a new loan. The best date is not always the soonest one.
PART 02
Ask what each side needs
One person may need time to move. Another may need the sale money to buy a home. Timing can solve a problem.
PART 03
Check the dates in writing
A date in the signed deal matters. Ask your lawyer before agreeing to change it. Do not rely on a verbal plan.
A SMALL STEP YOU CAN TAKE
One thing to check today
Write down the moving dates you need and any dates you can change.
HOW TO USE THIS
If you are buying or selling
If you are buying
Know when money, keys and moving plans must line up.
If you are selling
Tell buyers about your timing needs and check how each offer fits.
SAVE THIS LIST
Three questions worth asking
- What are my hard timing constraints?
- What does a gap or overlap cost?
- Which timing details need express written terms?
Categories
Recent Posts
