When Do You Get the Keys to Your New Home?
Buying a new home is an exciting experience – it’s a new chapter in our lives full of new possibilities. However, many people wonder when they can get the keys to their new home after closing the deal. In this blog post, we’ll be discussing this topic based on the informative video by Mantle Realty.
The Key to Timing: Closing Day
Dustin Owens, the owner, and broker in charge of Mantle Realty explain that the time when a buyer can get the keys to their new home depends on various factors. The typical timeline for getting the keys can range from immediately after closing the deal to a few days later.
Factors that Influence the Timeline
One factor that influences the timeline is the closing process. Closing is the day when all legal documents are signed, and the homebuyer becomes the owner of the property. Typically, the buyer receives the keys to their new home after they finish the closing process. However, this is not a strict rule across the board.
Seller’s Situation Matters
Other variables that might impact the timeline include the seller’s situation, the type of financing used, or the terms of the sale. If the seller is still occupying the home or has not yet vacated the premises, the buyer might have to wait to get the keys. If the property is being financed through a government-backed program, such as the FHA loan or VA loan, the transfer of ownership might take longer, resulting in a delay in receiving the keys.
Be Prepared for the Big Moment
According to Mantle Realty, it’s best to ensure you’re fully prepared to receive the keys to your new home before closing by communicating with your realtor. You should be aware of all the variables that might affect the timeline so that there are no surprises.
Conclusion: Patience and Preparation
In conclusion, the timeline for receiving the keys to your new home depends on various factors, and it’s best to be fully prepared before closing. Communicate with your realtor, know what to expect, and have patience. With these tips in mind, you can make the exciting moment of receiving the keys to your new home a smooth transition.
