The closing day is for the seller, and the pocession day is for the buyer.5 {* t0 _! Y- Z" N' w5 @ C
But they should be the same day in a contract. Normally, on that day, your lawyer will check 1 H) j- H% ~ ithe money. If the money has been transferred from buyer's lawyer trust account to seller's $ A1 {0 l- c6 Blawyer trust account, the seller's lawyer will phone the seller's realor to release the key. 2 b- ^* f" r- pThen the deal is mainly finished. Other small issues still can bother both sides for several 4 n' ~ Z2 H: E F+ ^
months or even longer time.