Possession is often — but not always — the closing date. In some transactions, we negotiate a post-closing occupancy agreement that allows the seller to remain for a defined number of days after settlement, typically in exchange for a daily rate. This is a strategic tool in competitive offers.
Key Points
Standard
Possession transfers at recordation of the deed on closing day.
Rent-Back
1–60 days is common; longer terms require a formal lease.
Final Walkthrough
Confirm utility transfers, HOA fobs, garage remotes, and keys.
The Buyer's Checklist
- Standard
Possession transfers at recordation of the deed on closing day.
- Rent-Back
1–60 days is common; longer terms require a formal lease.
- Final Walkthrough
Confirm utility transfers, HOA fobs, garage remotes, and keys.