Who Arranges the House Closing Date in New York State : Understanding the Process of Scheduling Your Closing Date

In New York State, the process of arranging the house closing date is a coordinated effort involving several parties: the buyer's attorney, the seller's attorney, and the lenders (if applicable). Unlike in some states where real estate agents might take the lead, in New York, it’s customary for attorneys to drive the process since closings are attorney-managed. After the contract is signed and all contingencies—such as financing, inspections, and title clearances—are satisfied, the attorneys will begin negotiating a mutually agreeable closing date based on the readiness of all parties. Coordination also involves the lenders (for mortgage loans) and the title company, ensuring legal and financial obligations are met before proceeding to closing. Once aligned, the final closing date is set, and all parties are notified.

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FAQ

Q: Who typically initiates the discussion for the closing date in New York?

A: In New York, either the buyer's or the seller's attorney usually begins the conversation about possible dates once contingencies are cleared.

Q: Are real estate agents involved in setting the closing date?

A: Agents may provide input or help coordinate, but attorneys primarily handle date negotiations in New York State.

Q: How far in advance is the house closing date decided?

A: The date is often determined once all contingencies are met, typically a few weeks before the anticipated closing.

Q: Can the closing date be changed after it’s set?

A: Yes, but changes must be mutually agreed upon by both parties’ attorneys and may require lender and title company approval.

Q: What factors can delay setting the closing date?

A: Common causes include unresolved inspection issues, delays in mortgage approval, or title clearance problems.