Buying A Home
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When will I take possession?
How may days after closing does it usually take to get the keys, assuming repairs and appraisal are done?
Re: When will I take possession?
Most people get the keys at closing because that is when you got possession of the house.
If you signed on the house and have it on your home owner's insurance, and are paying interest on a loan for it, but you don't have keys, than something is wrong. You need to follow up with your REA and the title company person who closed the house.
It depends on your state/state laws. In California there is a mandatory 48 hour waiting period between the signing of the documents (closing) and receiving keys. Some times it can take longer depending on when items were actually recorded.
When we sold our old house the buyers signed on a Tuesday and received the keys on that Friday for a total of 3 days wait.
When we bought our home it was new construction so there was almost a two week wait between signing and receiving our keys.
Not all states have this mandatory waiting period. Also, the repairs and appraisals will all have to be done before you can sign the paperwork so that shouldn't hold up the paperwork (closing) to keys timeling. If the stuff isn't done, it can hold up the paperwork to begin with.
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