Closing and Possession
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Laura Heigl
A Little About Me. I was born in Michigan, graduated from college in Arizona. I lived out West after college, and in Chicago for a bit...
A Little About Me. I was born in Michigan, graduated from college in Arizona. I lived out West after college, and in Chicago for a bit...
Closing and possession are two complicated terms of a real estate contract. If you have never bought a home, you might assume that you always get the keys for your home (possession) at the time of closing (when a buyer officially owns the home).
But it's more complicated then that. Depending on the specific contract, the writing may allow for a delay contingent on the loan status.
So is a possession delay a good or bad thing? Depends on your prospective!
Watch to learn more:
Have questions? Don't hesitate to contact us!