How fast can you move into a house in Ocala after you buy it? It’s not common for you to move into your new home as soon as you sign the final paperwork and transfer the money to the seller. Instead, the moment when you move into your new house varies depending on several factors.
In this post, our team at Your Home Sold Guaranteed Realty - Coldwell Real Estate Services will explore the typical timeline for moving into a house after buying it and discuss some factors that can affect the process.
Key Takeaways:
- Your closing day may or may not be the same as your official move-in day– the terms you signed in the purchase agreement will specify when each event takes place.
- The possession date is often seven to ten days after closing to allow time for the seller to vacate the property.
- The date you can move into your new home can also be influenced by your lender’s funding and loan approval process.
How Fast Can You Move Into a House After You Buy It? – 5 Things to Consider
Purchase Agreement Terms
Your closing day may or may not be the same as your official move-in day– the terms you signed in the purchase agreement will specify when each event takes place. Typically, closing day happens 30 to 45 days from the time the purchase agreement is signed. However, in some cases, it can be sped up to as little as two weeks or less, especially in cash transactions or with mortgage pre-approval.
Funding and Loan Approval
The date you can move into your new home can also be influenced by your lender’s funding and loan approval process. Lenders typically schedule the loan funding for the same day as closing, so that you can pay the seller and officially take possession of the home. However, sometimes there are delays in the loan approval or loan funding processes that can make the transaction take longer than expected. For this reason, it’s essential to stay in communication with your lender at each step of the buying process.
Possession Date
As mentioned above, the move-in date, or possession date, is specified when you sign the purchase agreement. You and the seller will work together to negotiate a move-in date that meets both of your needs. In some cases, the possession date may be the same as the closing date, allowing you to move in immediately. However, the possession date is often seven to ten days after closing to allow time for the seller to vacate the property.
Seller Occupancy
It’s also possible to negotiate an alternative arrangement. For example, if the seller needs additional time to move out of the property after closing. In this situation, the seller may request a seller occupancy, or leaseback, agreement. This agreement allows the seller to remain in the home for a specified period after closing while paying rent to the buyer. A seller occupancy agreement will delay when you can move-in date, so if you decide to go this route it’s essential to have a living arrangement set up until you can move into your new home.
Preparing for Move-In
After the closing process is complete, you can take some steps to get ready for your move-in day. This can include scheduling movers, arranging for utilities to be transferred or connected, and completing any necessary repairs or renovations for the home.
Our Team Makes it Risk-Free to Buy a Home in Ocala
By understanding the factors that can affect the closing timeline and planning accordingly, you can ensure a smooth transition into your new home. Finding your dream home in Ocala and negotiating a purchase agreement starts with finding the right realtor.
If you’re looking for the top realtor in Ocala and all of North Central Florida, look no further than Scott Coldwell and Your Home Sold Guaranteed Realty - Coldwell Real Estate Services. Working with us is a unique experience compared to other realtors because we offer unique buyer guarantees that make the process risk-free.
This includes our Buy it Back Guarantee, which gives you the option to return your home in the event you’re unsatisfied with it for any reason. To learn more about working with Your Home Sold Guaranteed Realty - Coldwell Real Estate Services to buy a house in Ocala or the surrounding areas, call 352-290-3512, or fill out the form on this page.
To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!
