The closing day is for the seller, and the pocession day is for the buyer.9 v% \ E1 Y# `% H* n8 Q& ^* q. L
But they should be the same day in a contract. Normally, on that day, your lawyer will check . |0 M( B8 S- F6 n; {& p% U
the money. If the money has been transferred from buyer's lawyer trust account to seller's6 A& z( b8 f7 [
lawyer trust account, the seller's lawyer will phone the seller's realor to release the key. # @$ q% s5 Q5 F" n
Then the deal is mainly finished. Other small issues still can bother both sides for several 9 R2 U" u. D+ V/ d5 u% n/ y
months or even longer time.