~3 minute lesson · Beginner · Selling a Home
Seller escrow, moving out, and the handover
The Short Answer
Coordinate your obligations through recording and the agreed delivery of possession.
How It Works
Complete the transaction work
After acceptance, provide required records, cooperate with agreed access, and complete contractual duties on time. Ask escrow to obtain needed payoff information and clarify signature requirements. Track repairs, inspections, amendments, and closing milestones in the same calendar as your move.
Separate closing from occupancy
The contract determines when possession transfers. If the seller remains after closing, use a written agreement covering dates, payment, deposits where applicable, condition, access, and responsibility for damage. Discuss insurance and lender requirements with the appropriate professionals before agreeing to a stay after the sale.
Verify the final handoff
Confirm recording and the authorized release of keys through your transaction team. Keep utilities and coverage aligned with your actual obligations rather than canceling them simply because documents were signed. Save the final settlement statement, confirm payoff processing, and use verified instructions for receiving sale proceeds.
What to Remember
- Complete the transaction work
- Separate closing from occupancy
- Verify the final handoff
Write down the possession date and coordinate coverage, utilities, keys, and proceeds around it.