You should not close unless the funds are there!
Are you using a realtor and or attorney or FSBO?
What did the professional say if you are using one?
The devil is in the details and you left out a lot...
I said agents walk away with the commission check following the closing - that's true, but it is made out to their Broker - it's the total commission - it then goes to our accounting department - in NJ, Brokers have up to 10 days in which to cut the agent's personal commission check!
So - we leave a closing - check in hand, yes, but not in pocket until 10 days later!!
Feel better now? :)
I agree, I love to see what people post from each area and it reminds me that not all rules apply to everyone!
I neglected to mention that at our closings - the agents also get to walk out with their commission checks, too! ha!
Have a great Monday!
The buyer can walk away with the keys if the contract says possession at settlement but we can put the possession after recording, if the seller wants as long as we write it in.
If Chandra sold her home in Norfolk, like her profile says, and closed on Friday, she should have her check today. I have a cash closing this a.m. and it's possible that title company will record earlier today and pay the seller today..