The closing day is for the seller, and the pocession day is for the buyer.; T7 y1 c" v# a9 n
But they should be the same day in a contract. Normally, on that day, your lawyer will check 1 p' n' R9 |% j4 X- Nthe money. If the money has been transferred from buyer's lawyer trust account to seller's 2 V( D2 \" |4 V. o0 O% Nlawyer trust account, the seller's lawyer will phone the seller's realor to release the key. + d0 y }0 g$ h1 _Then the deal is mainly finished. Other small issues still can bother both sides for several ' [$ m3 T# k4 d- omonths or even longer time.