Both terms can be used interchangeably. First off, I’m not a lawyer. What happens on the day of closing and can I move in on that day? At the end of the day, your closing date is the most important point of your property transaction. How long you have to move after closing on the sale of your house depends on the terms you negotiate with the buyer. In WA owner can move out the day after settlement, in our case the previous owners did this. You are the official owner of the property as soon as you close, although I usually don't schedule my move for the same day as the closing date, because sometimes it is delayed or something goes wrong and I don't like having to reschedule things. We recommend planning the move for the day after settlement in case there are unforeseen issues or delays on the day. If you have sold your own house and plan to move from one to the other on the same day we suggest you organise alternative accomodation for the night in case of delays. In some cases, it will be immediately after the closing appointment. You’re packing up the last couple of boxes and on track to move out by tomorrow when you spot the orange U-Haul pull up at your front curb. In some cases, the sellers may need more time in the home after closing while they finalize the purchase of their future home. Great question! We did the inspection a few days prior to settlement and everything looked great. If you are the buyer, avoid organising your furniture delivery for the same day, and think about giving yourself a few days leeway before you move … Think about care for children and pets on the day. Settlement went through and then we were due to move in the following day. Yes, you can move in the day of closing after you have the paperwork signed and the keys are yours, you can move in the day after closing, you can move in the week after closing. The occupancy date will be the day that you move into your home. If you’re the seller and moving to another home that settles on the same day, think about finding accommodation elsewhere that night just in case. But, yes, you can move into the house on your closing date. In some cases, this coordination can be an especially delicate process. The actual day of your closing will be the day in which the buyer deposits any remaining money due into escrow and signs his escrow and loan documents and it is the day in which the seller will sign the deed and closing statements and receive a check for the money due to him. It’s a good idea to leave time to clean your new home before you move your furniture in. Our strongest recommendation is to allow at least several hours after the official nominated time for settlement and preferably a day before you plan to move your possessions in. At this final closing date you will sign the finalized documents for the purchase. A leaseback can take place if you would like to take occupation of the house for a short time after the closing and, in this case, you would have to pay the sellers rent. Good luck! The settlement date and the closing date are both terms used in the real estate world to refer to the final date when you sign the final papers in the property purchase process. 8. ... Issue #3: Move-in day miscommunications. The contract terms will determine when you can move in after closing. In Texas, my general answer is going to be a YES. The Normal Time to Move After Closing on a House. The process can become complicated if you need to sync up your move with the closing date. In fact, 32% of settlement delays come from buyer financing issues which can crop up at the very last minute. Book a moving company if you are using one and plan the actual move. Of settlement delays come from buyer financing issues which can crop up at the end the! 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