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Is it common for homes to close sooner than the agreed-upon date?

Asked by Trulia Brooklyn, Brooklyn, NY Fri May 3, 2013

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The closing date in a contract of sale 99.9% of the time is an "on or about" date. This means that the closing can typically take place up to 30 days prior or 30 days after the actual closing date. There is even some more flexibility from there based on New York State law. In most cases the closing will happen sometime close to that date, usually within a week or so from it.

Basically, half there time it may close sooner and half the time it may close later.

Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
0 votes Thank Flag Link Fri May 3, 2013
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