Possibly, but not necessarily. The contract closing date is a target date. As such, the closing does not usually fall precisely on that date. Many things must be prepared and obtained by the seller, the buyer and the lender before a closing can be scheduled. Once all of these closing requirements have been met, a closing can be scheduled. If at all possible, the specific date and time of the closing is scheduled to accommodate the schedules of those who will need to attend. However, various deadlines, difficulties and/or other uncontrollable factors may require the closing to be scheduled at a time that is not completely convenient for everyone.