I think most elements of closing early have been addressed in the other answers. I would just ask what your situation might be? Are you coming from a rental and have you given 30 days notice? As long as all the contingencies of your offer have been met to your satisfaction, the lender has loan documents prepared and the seller agrees to an early close....the only financial drawback I can see (without knowing all the details of your particular escrow) is that you might end up paying both rent and your house payment if the move-out date/move-in date don't coincide. Of course, there are some positives to that scenario, such as having more time to pack, move and clean. good luck with your closing....
Janeese Jackson, Principal Broker
Real Estate Resource
If you think there's a chance you might want to close early - I'd have your lender run your estimated closing costs on an early closing date and aim a little high - no surprised that way. Best of luck!
Real Estate Broker & Residential/Commercial Loan Broker
Commonwealth Group & Sunset Mortgage Co.
Be sure you do a couple more things in addition to waiting for the lender's underwriter to complete all their docs; be to be sure you've checked out the property disclosures thoroughly, and ask questions if items are not filled in or answered to your satisfaction. Ask about HOA's if applicable. If there are HOA's ask for minutes (and Reserve Study info) from the last several months to see if there are issues you wouldn't want to deal with. Be sure to have a professional home inspection. Don't skimp here. They will provide a written report (with pictures) showing any areas of concern. All negotiations need to be done prior to contract deadlines. ( Important! ) Make sure all your verbal negotiations are memorialized in writing and that any negotiations for repairs are documented likewise. Be sure closing is contingent on any repairs being completed. If you would like help please contact me. If you are not yet represented you should be: as asking this question shows there are reasons for concern). Having representation is a safeguard for those buying a home. The seller or the seller's representative exclusively represents the seller and doesn't take your best interests into consideration.
I hope this helps! I have more to say but you can contact me if you need more help.
June Lizotte, Broker
Providing REAL Service
Prudential NW Properties
6400 SE Lake Rd. Suite
Portland, OR 97222
Tom Inglesby, Broker
Most everyone loves early closing. If your lender can get the loan finished and to escrow so you and the sellers can sign early, and the sellers are willing to move out in that time frame, go for it!!! Most lenders like 30 days as it take time to get the appraisal done and the doc's through underwriting.
Best of luck to you. Jean