When Do I Get The Keys

When Do I Get The Keys

When I am writing a contract for my buyers, I only schedule closings for Tuesday - Thursday.  I avoid Mondays because it can be hard to find someone to answer a question that comes up over the weekend.  And Fridays.... I never schedule a closing for Friday.  That's because in Miami we rarely hand the buyers the keys until all the paperwork is signed, and the title company has funded the deal.  (Including that the bank has signed off on the preliminary paperwork).


So if you close on a Friday, and the bank isn't able to review your paperwork by 4, you won't get your keys til Monday.  And trust me, no one wants to stop a new homeowner from moving in for 3-4 days.  


But if the paperwork has been signed, why don't we just hand over the keys?  Because every once in a while, something goes wrong and the deal can't close.  And if that happens, if the buyer has already moved in, it will get ugly.  Sometimes seriously ugly.  

Read this article from Denver, on what happened when one deal went awry... but warning, it is not a pretty tale.  The buyers probably can be held responsible for the damage, but it's still going to be a long and ugly court case.

https://www.thedenverchannel.com/news/contact7/contact7-couple-says-would-be-homebuyers-smeared-feces-caused-40k-worth-of-damage


The moral - better safe than sorry!


Ann Ryan Headshot
Author:
Phone: 786-332-7042
Dated: May 11th 2018
Views: 175
About Ann: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Miami Spice - Getting the best restaurant deals - During August and September, many
Millions mapped - Download my app on your mobile
12 Point Pool Maintenance Checklist - 12 Point Pool Maintenance
Is a Home Warranty for You? - Is a Home Warranty for You?Is a

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Miami
4830 W Kennedy Blvd Suite 600
Tampa, FL
941-220-0265
0