collects the taxes generated by the transaction. Everyone wins! At this point, if you are selling AND buying, you may be in the position where you are closing on one day and then renting back from the buyer until you can close on your new home. Or, you could be having what's called back-to-back closings. Either way, it's always good to have contingencies in place. Things happen like the movers don't show up or a million other things can happen. The best resolution is at least a day or two in between closings and however, that looks. I will say, it's not always advisable to have the seller remain in the house after closing. Again, things, can happen then what? Who's insurance will address a house fire or fallen tree? What if the moving truck backs into the house? These are things to think about when deciding how to handle both a sale and a purchase. Sit down with your agent ahead of time and talk through what options will work best for you.
Step #14: Closing Day!
The day before closing or the morning of, the buyer will do a final walk-through of the house. This should only be about making sure the house is in the same condition it was when the offer was written. As the seller, you will take one last look around and if you are vacating the house, make sure you haven't left anything behind. Leave the keys and garage door openers on the counter and bring one set with you to closing. Hopefully, all the issues have been worked out and you will be closing soon. But sometimes, it’s not over till it’s over. Your new home isn’t technically yours until the closing process is fully complete. Sometimes the deal can suddenly fall apart at the last moment. While this isn’t common, it can still happen, and you should be prepared for this possibility. Some examples include the final walk-throughs where the seller didn't complete all the requested repairs, a low home appraisal, or the buyer's inability to obtain
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