Once the home "appears" complete, there are still some additional items that have to be done including:
- Your final walk through to make sure it meets your expectations (you have been walking through and providing great feedback along the way, so I don't expect any surprises on this one);
- Final touch ups (during the walk through, we might find a few spots requiring touch up paint, doors/windows adjusted etc.);
- The appraiser needs to come back and do his final review and sign offs assuring the lender that the items called out on the original plans and specs were actually included in the home;
- The "government" (i.e. City, County or other appropriate entity) needs provide the "certificate of occupancy" after assuring that the home has complied with all required health and safety issues (i.e. no holes in the fire walls of the garage (even small penetrations for wires need to be "fire caulked"), house numbers placed on the home for emergency responders to know the address; etc.
- Once the Certificate of Occupancy is provided to the builder, it goes to your lender;
- Then, the lender finally puts together your loan documents;
- Then, the lender sends it to the title company to do the pro-rations of things like the property taxes, HOA dues, utilities, and allocates the costs per the purchase and sale agreement, etc.);
- When the loan documents are all executed, it may take the lender a day or two to review the papers making sure you have dotted every "i" and crossed every "t".
- When the lender conditions are satisfied, they authorize the title company to record the contracts;
- FINALLY, you get to move in after each of the above is completed!
If everything completed prior to the scheduled closing date, most builders would be glad to get paid early and close. Usually, they won't agree to moving up the date until all of these are completed since many of them are out of their control in the final days.
The purchase offer typically has an "on or before" closing date, so provided everything gets completed early, you can just proceed without having to write an addendum to that effect if all parties are willing.
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