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.
Is a Home Warranty for You?Is a Home Warranty for You?July 19, 2018 S
"When I met Henry I was looking to buy a home but didn’t have a realtor yet. From the moment we started speaking he was a fountain of knowledge. He was so friendly, advised me of loan programs available for someone in my price range, and even gave me the number to a mortgage loan originator that could assist me in starting the process. All just to be helpful. I was so impressed with how willing he was to help me without being my realtor or even pushing to be that within a few days I requested my husband to contact him so he could be the one to find us our first home! It was the best decision I ever made. Henry is absolutely amazing. He always responded to any inquiry I had right away, always kept me in the loop of things and made sure I understood the process every step of the way. He always made us feel like we were his number one priority. He even went above and beyond to help us close on our home by working with the seller and handling some issues she had that neither her nor her Realtor had the capacity of getting up and doing themselves. He was very professional and caring of our needs. I am so happy with the home we found and forever grateful for having Henry and his amazing team there every step of the way. I would definitely without a doubt recommend Henry to anyone in the market to buy a home and will always use him myself for any future real estate needs"