The final closing date is usually an important item in the negotiation of the
purchase agreement on a home. This is the day when the buyers get their
ownership papers and the sellers get their money. It is important to remember
that most standard contracts don't pinpoint a specific date, and closings can be
delayed due to factors beyond the buyer's control.
The closing will usually be set as soon as the title search and lender's paper
work can be completed, however, anything can upset the closing schedule.
Questions can arise about liens that were paid, but not properly recorded.
Something in the buyers credit history may have to be cleared up. These
situations rarely cause the transaction to fall apart, but they can wreak havoc
with your moving schedule. Your Realtor will keep you up to date on the progress
of your closing in order to avoid delays and minimize the inconvenience, if one