Closing Date is the date when the ownership of a home transfers from the seller to the buyer and it is a stated and agreed by all parties on the Sale Contract (Agreement of Purchase and Sale). You will sign all papers with your lawyer on or before the closing date, pay the funds and get your keys.
The Closing date can make a huge difference in your offer and it is very important in a negotiation.
Before putting on offer make sure your Real Estate Agent checks with the sellers to see what they are expecting in terms of closing date and if there is any flexibility however the Buyer’s are the ones that are usually more flexible in this situation.
Mortgage rates can depend on the closing date, communication between Realtor and Mortgage Specialist should be aligned.
Things to avoid before the Closing Date:
-Last minute inspection issues
-Avoid changes to your credit score
-Avoid applying to a new credit.
Be Prepared for Closing costs. The Lawyers are responsible for the closing date and arranging all closing costs and transfers are complete.
Having a good and professional team on your side can avoid something being missed.