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The Closing Date
It is absolutely essential
that you include a closing date as part of your offer. This way both you
and the seller can make plans for moving, and the seller can make plans
for buying his or her next home. Though most transactions actually do
close on the right date, do not be so inflexible that a delay creates
insurmountable problems.
For example, if you
are renting and need to give the landlord notice that you are moving out,
you may want to allow a little flexibility. Otherwise, if your purchase
closes a few days late you could find yourself staying in a motel with
your belongings packed in a moving van somewhere while you pay storage
costs.
There are also times
when closing can be delayed by weeks, through no fault of your own. Have
back-up plans prepared for such a contingency.
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