What is a double closing?

The process of buying or selling a home can be a stressful one and most of the time, people want to get the process completed as soon as possible so they can move into their new home and on with their lives. Many people want to sell their current home before they purchase a new one but sometimes, these two scenarios overlap. When you sell your home and purchase a new one on the very same day is known as a double closing in the real estate industry.

There are so many different factors that go into both buying and selling a home and it may be difficult to find a balance and get everything done flawlessly so the double closing can occur. This is a difficult process to pull off because if just one hiccup occurs and something gets delayed, you may not be able to officially sell or buy your home according to the very strict timetable that must be followed. This may require you to rent a home, stay with family or stay in a hotel for a few days or even weeks until you are able to successfully complete the sale. Unforeseen events cause delays in real estate transactions all the time, so double closings definitely have a risk factor to them. Trying to successfully pull off a double closing will require the guidance of an experienced real estate attorney who can 4assist you in making sure everything runs smoothly.

If you need an effective attorney that can help the process go without incident and ease your stress through the day, contact Joseph Gachko, Attorney at Law for a consultation today.