Pet Friendly Homes in Boca Raton: December 2010

On Closing Day the Buyer Gets the Keys and Takes Possession

Sellers, take heed of Sandy Shores post.  Although Sandy is in Melbourne, the same holds true for Boca Raton and Delray Beach.  Before the walk through is done, your belongings need to be out of the house.  Money may be escrowed at closing if the house is not cleaned out.

Happy New Year to all!

On Closing Day the Buyer Gets the Keys and Takes PossessionHere in Florida, typically, on the day of closing, the buyer and the seller sign their documents for the property the buyer is purchasing.  Often, each party sits at a different closing table, at different times, depending on scheduling and the complexities of the transaction. It takes the buyer longer as he has more documents, especially if he is getting a mortgage.

On this day, it is customary for the seller to have all of his belongings out of the property, with no expection of returning to the house.  The seller must be prepared to hand the keys over to the new buyer and walk away.

Customarily, the buyer does a walk through on the property before heading to the closing, to be sure that the house was as he last saw it.  He should be sure that all the appliances and anything extra that was written into the contract is left with the house.  And, he should be sure that all of the seller's belongings have been removed from the property.

But, what happens when a seller hasn't gotten all of his belongings out of the property prior to closing?  Well, it can turn into a bit of a precarious situation for both parties.  Technically, when the buyer and seller sign the closing documents, the house becomes the property of the buyer.  And, if items are left behind, they also become the property of the buyer. 

So, sellers when closing day rolls around, remember, all of your belongings should be out of the house. 

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Elyse BermanFor information about pet-friendly housing in Boca Raton, Delray Beach, Highland Beach, Boynton Beach or Boca Raton real estate market, please contact me. I am a Boca Raton Real Estate Agent.

Contact Elyse:
By Email: Elyse@ElyseBerman.com
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Elyse Berman, PA, CRS, ABR,GRI, e-PRO, of Realty Associates Florida Properties serving Boca Raton FL and the surrounding cities of Highland Beach, Delray Beach, Boynton Beach, Lake Worth, Wellington, Deerfield Beach, Hillsboro Beach, Lighthouse Point, Fort Lauderdale, Hollywood Beach and Hallandale Beach.

 

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Disclaimer:  The information contained in this blog should not be solely relied upon and should be independently verified by professional sources.  The opinions expressed herein are solely mine. 

All information is deemed accurate but not guaranteed. All statistical information was obtained from BMLS.   Many articles may be time and date sensitive.  Please be sure to look at the date it was posted. 

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Comment balloon 2 commentsElyse Berman, PA, CRS • December 30 2010 10:15PM
On Closing Day the Buyer Gets the Keys and Takes Possession
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