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A transaction is considered "closed" once the deeds have been recorded. Then you “SOLD” the home. However, it is not always possible for you to move out immediately. This can happen for several reasons, but the most common is that you may be purchasing a home, too. Usually, it is scheduled to close simultaneously with your purchase of future home.
As a result, it has become customary to allow you the seller up to a maximum of three days to turn over actual possession and keys to the home. When transfer of possession actually occurs should be clearly laid out in a written agreement to prevent confusion later of how many days you staying and if there is going to be any rent for those days extra.
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