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However, carefully choose which day of the week you close.
Selecting the wrong day can lead to more delays and waiting.
Also find out three reasons why you should speak with a financial advisor before buying a home.
This will leave you with another painstaking weekend of waiting.
Fridays at the end of the month should be avoided at all costs.
Pushing your closing date back more than one day can create more paperwork for you and your lender.
For example, real estate tax prorations are based on ownership days.
The same goes for any other prorated expense, like interest and utilities.
These items can further delay your closing.
This is because all parties involved have Monday to tie up any loose ends.
Closing mid-week is also beneficial in case something goes wrong after you close.
If you wait until Friday, you may need to pay higher weekend rates.
Like Fridays, its best to schedule closings at the beginning of the month, if possible.
Waiting until the end of the month can lead to unforeseen delays due to high transaction volumes.
Choose a Tuesday early or mid-month for the best chance of avoiding delays.
The Bottom Line
Which day of the week are you scheduling your new home closing on?
Before you move your closing date up, keep these factors in mind.
After all, delays are common in the home-buying process.
Minimizing your delays can be done by carefully selecting your closing date.
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