closing and possession

General Real Estate Investing
1

Hi folks,

Once I close on a property, how long before I should be able to get in and start moving my stuff? I have the seller’s RE agent telling me that it “should be one business day after the closing, that way the funds should have time to clear, etc.” Why can’t I take possession of the house immediately after the closing? The seller has said that he doesn’t care if we move in right after the closing. I know that it will take some time to record the paperwork with the county, but that is just a formality, right? This is my first property purchase in Texas, but when I have purchased other properties in the past in another state, I received the keys to the property and started moving immediately. Any help would be appreciated. Thanks!

Brandon

2

Some closings table fund and some have to have the papers sent to the loan company overnight to get funded. All this is BS as far as i would be conserned. If you get the key and sellers permission i would not let the sellers agent get in the way. I would wait until the seller has closed their end of the sale if closing seperately.

Thank you,

Ted P. Stokely Jr
11505 Sw Oaks
Austin, Texas 78737

512-301-9171 home
512-587-6177 mobile

3

Brandon,

It depends on what is in your contract.

Some contracts may allow for a few days between closing and possession.

Most I have been involved with let you get the keys at the closing table.