Home Buying in Bellevue>Question Details

bak0310, Home Buyer in Seattle, WA

The closing date of my condo is August 9th. Will I get the keys that day or another day?

Asked by bak0310, Seattle, WA Tue Jul 10, 2012

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7
Hi bak0310,

You need to refer to your purchase contract. It should state when possession of the property will be.

Shanna Rogers
SR Realty
http://www.RealtyBySR.com
1 vote Thank Flag Link Tue Jul 10, 2012
On closing day unless you stipulated another day and or leasing back.
Congrats on your new home!
0 votes Thank Flag Link Tue Jul 10, 2012
Bak,
There should be two dates on your contract; Closing and Possession. Closing is when the deed legally records the property in your name. Possession is when you get keys and have full access. As Kary noted, you should be entitled to the keys no later than 9:00 pm on the possession date. Congratulations on your purchase.
0 votes Thank Flag Link Tue Jul 10, 2012
As others have noted, it depends on what your contract says. Assuming day of closing and the standard statewide form, you're entitled to the keys at 9:00 p.m. on the closing date. If the property is vacant you can probably get the keys as soon as the deed records with the approval of the seller's agent.
0 votes Thank Flag Link Tue Jul 10, 2012
It depends on which box is checked on page 1, line 12 of your purchase and sale agreement. If the box next to (on closing) is checked off then you should get the keys on the 9th once everything has been recorded with King County. If the box next to (other) is checked off then it could be a different day than the 9th. I would call your agent and ask them how they planned on getting you the keys and when.
0 votes Thank Flag Link Tue Jul 10, 2012
Agreeing with Shanna Rogers, if your purchase and sale says possession on closing, it should be that day. The caveat might be if the closing is late enough in the day that the deed is not recorded until the following day, the key may not be released till then.

If the purchase and sale says something like "3 days after closing," don't pack your bags quite yet.
0 votes Thank Flag Link Tue Jul 10, 2012
Be cautious about making plans around a specific date. So many closings are late nowadays. I had a client living out of a storage locker for three weeks, when he gave up his apartment too soon.

If everything goes well and closes on time, you would normally get the keys the same day. Ask your agent about it.
0 votes Thank Flag Link Tue Jul 10, 2012
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