The Channel you have requested is no longer available.

Lake Sinclair Blog

If you are thinking of purchasing lake property in Georgia, don't do it until you check out lake sinclair.

I'm buying a Lake Sinclair home, when do I get the keys

There's no "right answer" for this question, but it is black and white.  As in it's in the contract, typed in black on white paper.  Time of possession is written into the contract in Georgia and that's when your keys will be delivered.  If the contract says "at closing" the time can vary a bit from the exact moment that you are sitting at the closing table at the attorney's office for funding or wire transfers to hit the bank.

But when I read today that in some states you have to wait for documents to be recorded, that's not the case in Georgia.  If at the closing table the buyers have signed the deed and the loan is wired to the attorney and bank has released those funds and down payment has been wired or delivered by cashier's check then the seller walks out with a check and the buyer walks out with the keys from the same closing table.

Of course the contract doesn't have to say at closing.  Some sellers who live in their home full time request several days after the closing for possession.  Sometimes those sellers need the funds from closing on a home they are selling to purchase a new home and have to make that purchase before they can move. The time you get the keys is a matter of contract negotiation.  Some listings in the MLS state the seller will require x number of days after closing before possession changes hands. A buyer doesn't have to agree to that, but a seller doesn't have to sell if terms are not acceptable in the contract including time of possession. 

But in typical situation in my market where homes are second/vacation homes it's not a problem for the seller to move their personal property out prior to closing so that possession can happen right there at the closing table. That's the scenario we see most often, again in MY market.  Doesn't happen every time, but in my experience about 95% of the time it does. If you are a seller who will need time after closing be sure to tell us when you list.  If you are a buyer who will need to have the keys to drive over a moving truck after closing please tell us up front when you start your home search.



706-485-9668  us on facebook

Follow me on Google Plus for more information about Lake Sinclair and surrounding area news and events

(Click on Lane Realty Logo for web site)

Tammy Lankford, Broker/Owner


Broker License # 169695  Lane Realty License # H-11420

Call me today for all your Lake Sinclair real estate needs.

Subscribe to my Blog here!


We always have water at lake sinclair Lake Sinclair stays full even during droughts.  Click to read why and how.

 Search for homes on Lake Sinclair now

For readers who are not members of ActiveRain feel free to also add your comments or you can click on the EMAIL me link to the right of this blog and email me.  Thanks for reading.

All content belongs to me unless otherwise stated.  Do not use without permission.  Logos and photographs may also be copyright registered. Please do not use without my express written permission.



19 commentsTammy Lankford • July 24 2014 01:00PM
I'm buying a Lake Sinclair home, when do I get the keys
There's no "right answer" for this question, but it is black and white. As in it's in the contract, typed in black on white paper. Time of possession is written into the contract in Georgia and that's when your keys will be delivered. If the… more
Tuesday's vote and civic duty
Every adult should care about politics and vote. (of course this just my opinion). I really owe my attitude about voting to my high school government teacher, Barbara Burton. She was an awesome teacher. We actually studied the constitution, the… more
Giving to my Lake Sinclair community… & asking others to do the same
Over my adult life I have done several things to "give back" to my community. One thing is that I have taught a children's Sunday School class for over 25 years now. I dedicate my Sunday morning to giving to children that attend my church and… more
Fall Line Farmers Market on First Fridays in Milledgeville
My Donald got us some great veggies last week and he got himself some beef ribs. There are SO many reasons to shop at a local Farmer's Market that I don't know where to begin. freshness of product supporting local farmers knowing stock is… more
Reduced lake home on Sinclair 4 Bedrooms, 3 full baths $349, 900.
It's a fabulous home on Lake Sinclair with a lot to offer: over-sized garage double boathouse deck porch dock seawall gameroom paved drive with gate wonderful landscaping Master suite on main level covered porch fenced area… more
We really wish we had listened about using a lender you recommended
I'm NOT going to include the loan officer's name or even the big banks name in this email. But I wanted to share a recent email from clients. They were supposed to close the next morning after the day this email arrived. They extended a week and… more
Lake Sinclair homes with garages… we have some of those
We're in the south and not all homes have garages. Our winters are mild and many folks just leave their cars in the driveway or have open carports attached for detached. But sometimes buyers WANT a garage and don't want to consider buying a home… more
You want a lake home with a pool on Lake Sinclair? We have that
Sometimes we have a buyer who wants to live on the lake they enjoy the view and they might boat and fish, but they don't want to swim or have their children or grandchildren swim in the lake. They want a pool. It's not often that homes on the… more
You want to buy a home? I suggest you learn to save money first.
I just read a post talking about several different ways you could get your down payment other than saving it. In theory the post suggested that if you could pay $900 in rent you could afford a $900 a month house payment. I disagree. When you… more
Mild winters and also some sweltering days in summer on Lake Sinclair
I often boast to potential clients about our wonderful mild winters It's not so easy when they say… "man is it always this hot an humid? " That's when I have to remind them of our mild winters and the fact we get snow and ice once every few… more