It's ready to move in, I'm just a first time homebuyer and wasn't sure if there was any thing else I need to do. I can move in as soon as the closing is finished and the papers are signed right?
Closing is at 1:00 p.m., and I want move in that same day.
2007-01-22 03:35:34 · 9 answers · asked by DeAnna 5 in Business & Finance ➔ Renting & Real Estate
I called my lender and we get to move in the day of closing thanks for all the help!!
2007-01-22 05:12:55 · update #1
You sign all those contracts and that house is Yours! Move in. Throw snowballs at it. Burn pizza scented candles. Whatever you want. Congratulatons on your new house! Unless your contract says otherwise, but I can't imagine why it would.
2007-01-22 06:42:43 · answer #1 · answered by Vlad0401 2 · 0⤊ 0⤋
Maybe.
Be careful about the words and how people use them.
Some of the time the 'closing' is at 13:00 and that means when 1 side or both sides sign the documents. In the west the buyer can sign a day before the seller so when the buyer signs is not when they could get the keys.
In another market the buyer and seller can sign but the funds transfer is slightly later. Hence it is more normal to get the keys the next day.
There there are the closings where both parties are signing, the funds are transferred and legally the buyer is the buyer from time the documents are signed.
Assuming you have an agent represent you or at least the seller find out what everyone is assuming. Some of the time the seller needs an extra day or two. You can delay the closing or you can agree that they will rent the place back from the new owner and pay rents for each day. In that case make sure you have a rental agreement that is clear so if they delay beyond the agreed date you can quickly take action.
Good luck with the new home. It is a big step. Be prepared for delays, sleeping on the floor, problems getting the services transferred to your name and other move day issues. Not that it has to be a bad experience. Just that if you prepare for lots of little things, any number of which can be a speed bump you will not be that caught off guard.
Also assume that move day might be the best day to really clean the place. Maybe just a quick dust. Or maybe a major clean with repainting and other such things. The property will be vacant and there is no furniture in the way. Having a gap between when you close and when you start living there can be a plus.
2007-01-22 13:15:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Signing papers at escrow is merely signing. Closing is when the funds are available to the seller. That can be the same day if your lender table funds. Usually it is when the lender has done a final review of the closing docs and then wires funds to the settlement agent. That can be from 1-2 days after you sign. Your lender and agent know this or should know this, they really should have explained this to you weeks ago. Your purchase agreement should have also had possession as either, upon closing, or closing plus 72 hours. Those are the 2 most commonly used timeframes for buyer possession. Congrats on your new home purchase.
2007-01-22 12:05:48 · answer #3 · answered by Kevin H 4 · 0⤊ 1⤋
It does depend on the contingencies in the closing contract. You'll get the answer for sure when you're at the closing meeting. You could buy the house but not be able to move in until the occupants are moved out or buy another house etc. There are rent penalty clauses and all kinds of stuff that you need to know about that affect this.
2007-01-22 11:49:27 · answer #4 · answered by Ricky J. 6 · 2⤊ 0⤋
When you close on a house, it's yours. Yes, of course you can move in the same day! You may need to check with the city hall to see if you may need to obtain an occupancy permit. All in all, once you sign the papers, the home belongs to you and you can do whatever you want to it. Congratulations!
2007-01-22 11:41:37 · answer #5 · answered by Anonymous · 2⤊ 2⤋
Yes, once you sign the papers, they will had you the keys. You can go over right away and open a bottle of champange! Contracts on the new house!
2007-01-22 11:49:10 · answer #6 · answered by Em C 5 · 1⤊ 1⤋
You move in when the title company/real estate agent hands over the keys...since the property is vacant, no reason why you can't start moviing same day..
2007-01-22 12:29:26 · answer #7 · answered by boston857 5 · 1⤊ 0⤋
You bet, as long as the sellers agreed to immediate occupancy.
2007-01-22 12:18:46 · answer #8 · answered by KL 5 · 1⤊ 1⤋
Well it may be better if you stay for anout a week or so.
2007-01-22 11:43:04 · answer #9 · answered by mousegirl_11 1 · 0⤊ 2⤋