When to Close

Hi Steve from Wilhelmy Homes I want to talk to buyers today about picking a day for closing And then later on picking a time for closing The closing date is something that is generally on an offer to present to the seller The closing date can be a big deal To help ensure that your transaction is a smooth one Let's say you are getting a mortgage Well the mortgage company needs some time behind the scenes To line up the money One of the things I like to talk through with my clients Is how the level of service that you get can really change a transaction You don't want to be one of the masses If you talk to the title companies For example Their busiest days are the last two business days of the month And if those days happen to line up with the end of a quarter Or the end of the year, they are crazy busy It may not be in your best interest to close on those days Think about the wiring of the money to the seller And when a good time for a bank to wire the money would be So that it gets completed in a timely manner You should also factor in the daily interest If you close after about the 10th of the month You won't actually pay your first mortgage payment for a month and a half You will pay daily interest on it But it may be a nice break Those are factors that we as realtors will bring into it But all in all The closing date is an agreement between buyers and sellers The real estate agents will go back and forth until it's a win-win situation for everybody Check out the upcoming video about the time of day to schedule a closing Feel free to call me at 612-619-2638 if you have questions Or shoot me an email at Steve@WilehlmyHomes.com You have a great day and thanks again for stopping by