Buying a new home is an exciting, busy time! For a lot of new homeowners, move-in day can’t come soon enough! Depending on the options available for you as the home buyer, you could move into your new home after you finish signing your closing papers, or it could be contingent on the seller’s timeline and when they will be moving out. So, how quickly after buying a house can you move in?
How Quickly After Buying a House Can You Move In?
There are a couple possible options for when you can move into your new home, as we mentioned above. Let’s take a closer look at each.
- On Closing Day After both the buyers and sellers have signed all the closing papers and the funds successfully wired, you will receive the keys to your new home. The paperwork will be recorded with your county on the day you sign for your new home and you should be free to move in on that day.
- Seller’s Timeline On occasion, the seller of the house might not be able to move as soon as closing day or even a few days after. Sometimes a seller will need to stay after closing for a number of reasons. Maybe the house sold and closed sooner than their new home closes and they need to wait. Or they are moving out of town and can’t leave immediately. The house could be rented back to the seller for a period of time in this case. Or sometimes, during a seller’s market, the sellers could include this as part of the requirements of purchase.
The Tale of Two Closings
Both buyers and sellers have to sign all of the necessary paperwork for a closing to occur, and often each side’s closings happen at different times and locations…and sometimes even on different days depending on real estate attorney schedules. In addition to the paperwork portions of real estate closings, a transfer of funds from the buyer to the seller has to occur, and most wire transfers have a cut-off time earlier than the close of business (e.g. 2pm vs. 5pm), so buyers with closings later in the day likely won’t receive keys until the next business day.
It’s important to understand the conditions regarding your closing day so you can make plans ahead of time. You also don’t want to be disappointed if you thought you could move in as soon as you signed your closing papers, but then find out it can’t happen that day.
Working with an Experienced Memphis Area Real Estate Agent
When it’s time to sell your existing home or buy a great new place, turn to a highly regarded and well-informed local real estate agent. You want someone that you can trust to give you the best advice and know-how for your new home purchase or sale. Check out my other great articles to help you through your home selling and buying experience here in Memphis. Staging homes for sale is also part of my expertise. Please ask me about it when you reach out.
Take a minute to learn more about me. With over 15 years of top-notch service for my clients, I can guide you with your house sale, new home purchase, or buying a great parcel of land. As a top, licensed real estate agent in the Memphis area, showing you the best properties for you and your family is my goal!
Contact me at (901) 828-8919 or drop me a quick note at firstname.lastname@example.org and we can speak in person about your plans and options. Ask me about seeing homes for sale by video or virtual tour and find the best place for you!
Angie Kelley, Crye-Leike Realtors
(901) 828-8919 or (901) 756-8900