A V E R Y  G I L L I A M   R E A L   E S T A T E

The date to close should not be discounted and passed over so quickly when discussing to accept an offer or to make an offer. The date is set and agreed upon by the buyer and seller in the purchase agreement and must be met if this date is set in the contract to purchase. The closing date is the date and time, agreed to by all parties to the transaction, in which, the seller and purchaser shall have completed all the terms of the contract and provide complete and signed closing documents and respective funds paid and/or received to the  respective parties or any other date and terms agreed upon in writing. The closing date is also defined as the date which the seller shall be completely vacated from the said property and the seller shall have all the personal and agreed upon items removed by or on  the closing day and time of closing or any other terms agreed upon by both parties. Purchaser and Seller understand that other possession terms may be agreed to in writing with these arrangements to include other dates and terms that are different than the closing date.

Different elements of the closing transaction may influence the success of the parties meeting the closing date  deadline. Example, the home inspector, survey, appraiser, lending institution, could potentially need more time due to the unforeseen circumstances related to the closing process and process of doing business and obtaining financing.

Take the date to heart, yet take it in stride when trying to meet this precious deadline. Choose wisely and be ready.

It is the date everyone is waiting for.

michelle gilliam 2004

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