Closing date

Definition

The planned date to sign the deed of sale at the notary’s office and complete the transaction. This is when the lender releases the funds, the down payment and costs are paid, and title changes hands. Everything must be ready beforehand: financing approved and conditions lifted, home insurance in place, proof of funds up to date, notary amounts confirmed. Example: if the appraisal or an income document arrives late, the notary cannot sign and the date slips, which can lose a rate hold or trigger moving costs. Confirm the date with the notary, the lender, and the broker as soon as the offer is accepted.