In most types of contracts, dates are critical. This is not the case with real estate contracts where dates tend to be more like “target” or “control” dates and are not necessarily adhered to strictly. As such, the closing date stated in a real estate contract is not necessarily the date on which the closing will occur. For this reason, the closing date as recited is not always critical. Nevertheless, it should be set with sufficient time allowed to accomplish what needs to be done in order to prepare for closing. Your real estate agent is able to suggest an appropriate closing date, subject to confirmation by your attorney. In addition, either party may take appropriate steps, when necessary, to compel the closing to occur on or following the date recited in the contract.
