|
A
transaction
is
considered
"closed"
once
the
deeds
have
been
recorded.
Then
you
own
the
home.
However,
it
is
not
always
possible
for
you
to
occupy
it
immediately.
This
can
happen
for
several
reasons,
but
the
most
common
is
that
the
seller
may
be
purchasing
a
home,
too.
Usually,
it
is
scheduled
to
close
simultaneously
with
your
purchase
of
their
home.
It
is
sort
of
like
being
at
a
red
light
when
it
turns
green.
Although
all
the
cars
see
the
light
change
at
the
same
time,
the
guy
at
the
back
of
the
line
doesn’t
begin
moving
until
all
the
cars
ahead
of
him
have
started.
As
a
result,
it
has
become
customary
to
allow
the
seller
up
to
a
maximum
of
three
days
to
turn
over
actual
possession
and
keys
to
the
home.
When
transfer
of
possession
actually
occurs
should
be
clearly
laid
out
in
your
offer
to
prevent
confusion
later. |
