Tammy Lankford,, Broker  GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668)

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Rainmaker
3,557,867
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

No closing table in Southern California.  Typically ownership changes hands upon recording(which also coincides with the transfer of funds.   No closings on weekends or holidays.   Possession occurs per negotiated agreement. 

Jan 19, 2020 03:31 PM
Ambassador
3,617,720
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Upon recordation, however, SOME will allow keys to be given to buyers if funding has taken place. 

FUNDING does not change the ownership - only recordation does. 

You are totally doing the right thing.

Jan 19, 2020 09:17 PM
Ambassador
1,698,146
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Helping you find your way home.

Same here, in Illinois.  Round table closings.  You turn over the money, we turn over the keys.  Weekdays only (just like banking hours)... it's recorded shortly afterward.

Jan 19, 2020 05:05 PM
Rainmaker
789,290
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

We do not have settlement table closings in Arizona.

Keys are handed over upon recordation with the county. Typically, funds wired in in the morning will allow us to record by early afternoon and the buyer would get their keys that day. Everything is electronic and streamlined.

I set up Monday closings whenever possible and I don't know why agents set them up for Friday because if funds are delayed, they have to wait all weekend for keys.

Jan 19, 2020 04:12 PM
Rainmaker
3,125,793
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Here in NH it is the same way. The buyer and seller sit together, sign all docs, it funds and now we have electronic registration which means the closer heads out back, the processor records the closing doc and we are on record immediately. If we close on an office that does not use electronic registration, then the buyer gets the keys, the seller gets their funds and they drive the deed to be recorded t the county registry. The closing company or lawyer has gap insurance that covers a lien put on between signing an dthem getting their physically. I am with your seller on the dry closing, no keys until the seller is paid. It is not closed until it funds, 

Jan 19, 2020 04:10 PM
Rainmaker
500,191
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Keys are given to the buyers at closing as soon as the closing agent comes into the room with checks and paperwork for all parties in the transaction.  Once it is funded, the buyer takes ownership.

Jan 19, 2020 06:35 PM
Rainmaker
441,409
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Closing happens when the deed is recorded at the recorder's office, but possession is whatever is negotiated in the sales contract.  The default is 5 pm the day the deed is recorded.

Jan 19, 2020 06:13 PM
Ambassador
3,136,755
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

In Maryland, money and keys are exchanged at the settlement table. Keys are transferred only after funding. You and your seller did the right thing.

Jan 19, 2020 05:04 PM
Ambassador
1,703,875
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

In Oklahoma we have table funding. Once all docus are signed and all money in there is a transfer.

Jan 19, 2020 03:55 PM
Rainmaker
1,710,763
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

In North Dakota it is at the signing table as well Tammy Lankford, . You do pose a interesting question however with the funding.

Jan 19, 2020 03:42 PM
Ambassador
2,792,788
Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Most common here is as you do.  Everyone at the closing table, funding is done, keys handed over unless the contract calls for post-closing occupancy for sellers.

Jan 19, 2020 03:23 PM
Ambassador
4,168,332
Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

We do not sit around a table for closing. Once the funds are received recording can take place - it may be the same day but sometimes it's the day after. Once on record buyers get the keys.

Jan 19, 2020 04:57 PM
Rainmaker
3,379,350
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

In NC... when the deed is recorded.

In SC... when all the funds have been received.

Jan 20, 2020 05:07 AM
Rainmaker
671,094
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

When we leave the closing table, the buyers own the house.  I remind sellers numerous times before this day that this is how it works and their belongings need to be out accordingly.   :)

Jan 20, 2020 04:55 AM
Rainmaker
3,295,476
Richard Weeks
Dallas, TX
REALTOR®, Broker

When the transaction closes and funds.

Jan 20, 2020 03:12 AM
Rainmaker
838,190
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

In my part of Oregon, closing is after it is recorded. Keys are delivered typically after the recording. The contract usually states possession is at 5pm on the day of closing. 

Signing is not with both parties ate the same table; it occurs separately.

Jan 19, 2020 11:45 PM
Ambassador
2,289,549
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Upon recording with the County.

Jan 19, 2020 05:39 PM
Rainmaker
3,108,496
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

They get them at the closing table, it may take up to two weeks for the deed to be recorded.

Jan 20, 2020 02:09 AM
Ambassador
4,570,177
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Ours is about the same, though we postpone the closing if the funds are not going to be there.

Jan 19, 2020 08:19 PM
Ambassador
2,418,171
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Same in Florida, with rare exception.  

Jan 19, 2020 08:08 PM
Rainmaker
563,282
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Typically when everything is signed and the funds are clear.

Reminds me of a crazy story...

Buyers closed on a thursday paying cash.  This was a foreclosure that was not in good shape and all the doors were not/did not lock.

The following Tuesday ( 5 days later), the buyer is working on securing the house (changing the locks) when the listing agent stops by and starts yelling at the buyer that they do not have permission to be there because the BANK DID NOT YET SAY IT WAS OK.  He was ready to call the police, so the buyer left.

As it turned out the agent then threatened to sue us and file ethics complaints because HE did not give us permission to be there. LA went on and on about how we were going to screw up his sweet deal of listing the banks property.

So realistically, think of this...meanwhile...

If someone trashes the house, a flood comes in, appliances are stolen or someone sents the house on fire, who do you think will be responsible?

The new owner who bought and paid for the house? OR the previous owner who has cashed the money?

You bet the previous owner or bank will never accept responsibility...they will just wash their hands by saying they no longer own the property.

Eve

Jan 20, 2020 06:57 AM
Rainmaker
833,220
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

The property officially changes hand once the deed and other paperwork is recorded at the Registry of Deeds

Jan 20, 2020 08:08 AM
Rainmaker
2,858,317
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

When we get notification from the title company that the deed is recorded.  Then and only then we transfer keys to the new owner.

Jan 20, 2020 07:54 AM
Rainmaker
467,384
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

ropund table here and generally keys transferred at funding.

Jan 20, 2020 07:49 AM
Rainmaker
487,771
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

We are a race state. The first one to the courthouse with a deed owns it. Keys don't change hands until recordation.

Jan 20, 2020 04:52 AM
Ambassador
2,957,339
Anna Banana Kruchten Broker, CRB, CRS
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

It's not done until its funded and recorded at the county. Period.

Jan 20, 2020 10:53 AM
Rainmaker
1,876,845
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

At the Clos

Jan 20, 2020 06:27 AM
Rainmaker
1,590,749
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

In IL it is the same. Not sure why they are bothering today as it couldn't be recorded here. Seller gets check - buyer gets keys - recorded thru title company usually within a day.

Jan 20, 2020 07:26 AM
Rainmaker
4,745,178
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Tammy,

When the funds are transferred and the deed is recorded.  A

Jan 20, 2020 01:56 PM
Rainmaker
762,107
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Keys are typically handed over at closing in my part of Connecticut, before documents are recorded.

Jan 20, 2020 01:01 PM
Rainer
1,285
Liz Whittingham
Re/Max LifeStyles Realty - Maple Ridge, BC
Real Estate Agent over 30 yrs. experience

Usually the day after the signing of documents at lawyers/notary by both parties and funds dispersed.  

Jan 20, 2020 12:59 PM
Rainer
260,117
Caroline Gerardo
Pinnacle Home Loans - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Title company can record digitally - but things are not perfect.

It's always crummy for the seller if the lender funds on Friday and asks for a special like this long weekend when things are closed on monday. The deal legally transfers to the buyer but the seller's loan/note doesn't get paid off until Tuesday or Wednesday - thus causing the seller lots of extra per dium cost for a house they no longer own or occupy.  Answer larger than your question

Jan 20, 2020 12:21 PM
Rainmaker
5,273,624
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

they can pay, but unless the deed is recorded, they don't get keys and the agents don't get paid..... 

Jan 20, 2020 11:46 AM
Rainmaker
5,689,626
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

At settlement.

Jan 20, 2020 08:17 AM
Rainmaker
572,401
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

In California the property changes hands once it is recorded by the Title Company.

Jan 21, 2020 09:00 AM
Rainmaker
4,271,102
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Depends on what is agreed upon in the contract.   Usually it is at the table at the end of the closing when it is funded.  If they have a rent-back, then it is that day and time.

Jan 21, 2020 05:30 AM