You can typically move in after closing on a house once all the paperwork is finalized and the keys are handed over to you, which usually happens on the same day as the closing.
By agreement with the seller, yes.
You are buying a house, you must have a closing attorney. Why wouldn't you ask him this question? He needs to draft a contract.
You add the closing costs to your basis.
7,000
Yes, you can quit your job after closing on a house, but it is important to consider your financial stability and ability to make mortgage payments before making such a decision.
By agreement with the seller, yes.
Moving into a new house before closing is generally discouraged due to legal and financial risks. Until the closing process is complete, the sale is not final, so it is safer to wait to move in until all paperwork is signed, and the ownership of the property has officially transferred to you.
You are buying a house, you must have a closing attorney. Why wouldn't you ask him this question? He needs to draft a contract.
The policy is 'in force' for the policy period as long as you still own the house.
This is something that can be discussed during the drafting of the initial contact papers. Typically, the sellers must be out by the closing date.
You add the closing costs to your basis.
It is not clear that you have had a closing. The closing date must be included in your purchase and sale agreement. If the time has passed with no closing then you should contact the attorney who is handling the sale on your behalf and direct your questions to her or him. You should demand that the closing be scheduled or ask if the P&A has been breached. In that case you may be able to keep the deposit and re-market the house.
Deed is a letter of execution in a house closing. The legal document that informs who owns the property is called title.
A ready-to-move-into house A ready-to-move-into house A ready-to-move-into house
7,000
Yes.
Yes, only up to the date of closing, after which you own the property. If rent has been paid in-advance, you will be credited the overage at closing. Your closing attorney can tell you the exact amount of rent you need to pay.