What should buyers understand about closing dates in contracts?

The closing date is when the home purchase finalizes, funds transfer, and ownership moves. Typical closing happens 30 to 45 days after contract signing but can vary. Setting a realistic closing date balances your financing readiness with the seller’s timelines. Sellers favor offers with clear, reasonable closing dates that reduce delays. Negotiating a closing date requires communication with lenders and coordinating inspections and appraisals to close smoothly on schedule.