When Do You Get the Keys to Your House: A Comprehensive Guide
Buying a new house is an exciting milestone in anyone’s life, but the process can be overwhelming. One common question that many homebuyers have is: when do you get the keys to your house? In this article, we will explore the answer to this question and provide answers to 11 frequently asked questions related to obtaining the keys to your new home.
When Do You Get the Keys to Your House?
The exact timing of receiving the keys to your new house can vary depending on several factors. In most cases, you will receive the keys on the day of closing, also known as the settlement day. This is the day when the legal transfer of ownership takes place, and you officially become the owner of the property.
FAQs About Getting the Keys to Your House:
1. What happens on the day of closing?
On the day of closing, you will sign the necessary paperwork, including the deed and mortgage documents. Once the legal formalities are completed, the keys are handed over to you.
2. Can I get the keys before closing?
Generally, it is not possible to get the keys before closing. The keys are usually handed over once the ownership transfer is legally complete.
3. Can I change the locks immediately?
Yes, as the new homeowner, you have the right to change the locks to ensure your home’s security and privacy.
4. What if there are delays in the closing process?
Delays in the closing process can occasionally occur due to various reasons. In such cases, you will receive the keys once the closing is successfully completed.
5. Can I request an early possession agreement?
If you need to move in before the closing date, you can discuss an early possession agreement with the seller. However, this is subject to the agreement of both parties and should be documented in writing.
6. What if the keys get lost during the closing process?
If the keys are lost during the closing process, the seller or their real estate agent will typically arrange for a locksmith to make a new set of keys for you.
7. How should I handle the keys on the day of closing?
On the day of closing, it is advisable to bring a safe and secure method to transport your keys. A keychain or a small box can help ensure that the keys are not misplaced.
8. What if I discover issues with the property after receiving the keys?
If you notice any issues with the property after receiving the keys, you should contact your real estate agent or the seller immediately to address the concerns.
9. Can I request additional copies of the keys?
Yes, you can request additional copies of the keys from the seller or arrange for a locksmith to make duplicates.
10. Should I change the locks if it is a new construction?
Even if it is a new construction, it is still recommended to change the locks as a precautionary measure.
11. What should I do if I cannot be present on the day of closing?
If you cannot be present on the day of closing, you can appoint a trusted representative to handle the closing process on your behalf. They will receive the keys and other necessary documents.
In conclusion, the keys to your new house are typically given to you on the day of closing. It is crucial to be present during the closing process to ensure a smooth handover. If you have any concerns or special requests regarding the keys, it is best to discuss them with your real estate agent or the seller beforehand.