As those before me have stated, your contract spells out when the closing is and when you need to be out of your home. Typically contracts have been 30 days but with all the new financing regulations many lenders are pushing for 45 days. The day of closing, when the buyer is doing their final walk thru, you should have everything out of the house and it should be broom clean. You can negotiate a contract and not close for a couple of months. This really depends on your Buyer and their needs too.
Is this your primary residence or a vacation home? If it is your primary residence you should begin looking for your new home as soon as yours goes on the market. The goal is to be able to move out of one into the other with both closings on the same day. Have a short list ready to be able to move forward as soon as you go under contract. The Seller of the new home may be willing to accept a contract contingent on your home closing if you are able to provide proof of your home being under contract (with the names and amounts obliterated ). If you are relocating you may be forced to buy or rent before you actually sell your home. If your current home does not have a mortgage or large mortgage, you may be able to do a bridge loan, but it must be done before you put your home on the market. Speak with your Realtor and mortgage broker about these options. Hope this is helpful. Feel free to call or email with questions.
Broker Associate GRI,CDM
Prudential Tropical Realty