We try to do everything possible to make our closing smooth and stressless. This starts with scheduling the closing, at time of offer. We prefer to avoid the following:
- last day of the month
- Fridays
- Mondays
No matter how much advance notice there is, many lenders schedule working on the closing package based on the day of closing, rather than work from the contract date, and on the last day of the month there can be a LOT of closings to process. (Apologies to those few lenders who are wonderful and get the package to the title company days or a week ahead of time). Title companies are also very busy on those days. Get ahead of the pack and have yours processed for the day before.
Fridays are also popular closing days, and leave the possibiity that if anything goes wrong, the wiring of funds is delayed, etc. everything stops for the weekend and the parties have three more days to wait, instead of one. Mondays are the third least desirable - there are leftovers from Friday, and people are just getting into gear. (I've heard, though I have no verification, that you also don't want to buy a car that was manufactured on a Monday)
Every little thing you can do to help a smooth closing, helps.
Sharon,
Though you might like this Blog I did awhile back on the subject of closing on the last day of the month. I had one of my favorite closing attorneys contribute.
Hey Sharon,
Great blog and important information! Timing a loan can make or break a scenario sometimes...
Scott