Property transfer day
Put into simple terms, Property Transfer Day is when the buyer pays the purchase price and the seller delivers the deed. Once the title company and lender have given "clearance" to the closing agent, the appropriate documents are processed and the property is officially transferred to the new owner. It is important to keep in mind that the new owner does not take possession of the property until the documentation has been processed, which can take anywhere from one to three days after recording. Once the waiting period is over and the transaction is complete, the new owner can begin moving into their home.

Determining when you actually take possession of your home and move into it depends on the terms of your contract and may be dependant on the state in which you live. In Missouri,

After the sellers vacate and before movers bring your belongings into the house, check your new home for potential damage that may have been caused by the sellers' movers.

Whether you move into your home the day of closing or the following day, you start paying for utilities and homeowners insurance effective the day that it closes. You can work with your Prudential Vision Properties agent to coordinate phone installation and resumption of utility services with the proper companies a couple of weeks prior to the scheduled closing.