Offers and the Closing Date
It essential that you and your Realtor include a closing date as part of any offer to purchase a home. By doing this, you and the seller can make plans for moving, and the seller can make plans for buying their next home. Although most transactions actually do close on the correct date, make sure you allow flexibility in closing dates in case of unanticipated delays.
For instance, if you are renting and need to give the landlord notice that you are moving, you may want to allow a little flexibility in time periods. If not and your purchase closes a few days late you could find yourself staying in a motel with your belongings packed in a moving van or storage shelter somewhere while you pay storage costs.
There are also times when closing can be delayed by weeks, through no fault of your own. Have back-up plans prepared for such a contingency.
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