When it comes to closing on a house, timing is everything. While many people may be eager to finalize the deal and move into their new home, there are certain days when it’s not ideal to close. According to experts, the Friday before the end of the month and the Friday before a three-day weekend are two days to avoid. Here are some reasons why these days are not ideal for closing:
The Friday before the end of the month can be a hectic time for banks and other financial institutions. This is because many people choose to close at the end of the month to minimize the amount of prepaid interest they have to pay. As a result, there may be more paperwork to process, which can lead to delays and even errors.
The Friday before a three-day weekend is also not the best time to close on a house. This is because many people may be out of the office or unavailable to answer any questions you may have during the closing process. Additionally, if any issues arise, you may have to wait until the next business day to address them, which can be frustrating and stressful.
It’s important to remember that buying a home is a significant investment, and rushing through the process can lead to costly mistakes. So, if possible, try to schedule your closing for a day when the banks and financial institutions are likely to be less busy and when everyone involved in the process will be available to answer any questions you may have.