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| Transfer of Possession: |
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| 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.
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All information deemed reliable
but
not guaranteed and should be independently verified. All properties are subject
to prior sale, change or withdrawal. Neither
listing broker(s) nor Thompson Realty Inc. shall be responsible for any
typographical errors, misinformation, misprints and shall be held totally harmless. |
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