
Closing

The Lull from Sale to Closing
OK, chances are it's not a quiet period. It will be a time of frenzied
packing and reorganization. Just remember not to pack anything that you
agreed to sell! And unless you specifically mentioned certain fixtures,
everything must remain in place.
You are responsible for handing over the home in the same condition it was
at the time of closing. This applies to everything that was agreed to in
the agreement. If the home suffers a major calamity, you are responsible
for telling the purchaser, at which point the purchaser may walk away from
the deal and have the deposit returned. The purchaser may also choose to
close and receive any insurance proceeds. In this unfortunate event,
remember not to make any repairs until you find out what the purchaser
wants to do.
It's Sold
The Closing
Once signing the agreement, both the vendor and purchaser are under a
legal obligation to close. If you decide not to for whatever reason, the
purchaser has the right to sue.
If the purchaser decides to walk away from the deal, you can claim the
purchaser's deposit or sue for damages.
Just Because Your House Has Sold, That Isn't the End
Chances are you've bought a new home, or are in the process of looking
for one. While you already have experience with the home-buying process,
our comprehensive first-time buyers' guide has all the information,
calculators, worksheets, checklists, calendars and tips you need.
Also, our office locator will help you find the right RE/MAX agent for
your needs.