What happens on possession day when I sell my home?
Possession day is when the buyer is scheduled to take ownership and receive access to the property, subject to the terms of the contract and completion of the legal closing process. Before possession, you'll need to have the home emptied of your belongings, leave the agreed-upon inclusions, and ensure the property is in the condition required by the contract. Your lawyer coordinates the transfer of title, mortgage payout, and sale proceeds. Keys are released once the appropriate closing requirements have been met. I'll help you prepare for the final steps so the transition goes as smoothly as possible.
Possession Day Essentials
- Possession day is when the buyer takes ownership and receives the keys.
- Your home must be emptied and in the agreed condition.
- Your lawyer manages the transfer of title and funds.
- Keys are released once closing requirements are met.
Before Possession Day
- Book movers early
- Arrange utility transfers or cancellations
- Forward your mail
- Cancel or transfer services like internet and alarm monitoring
Condition of the Home
Leave the home reasonably clean, remove all your belongings, and leave the agreed inclusions. Appliances and systems should be in the same working order as when the contract was signed.
What to Leave Behind
- Keys, garage remotes, and access cards
- Manuals and warranties
- Alarm codes
- Any items included in the contract
The Legal Steps
Your lawyer confirms the buyer's funds, pays off your mortgage and closing costs, and releases your proceeds. Keys are released once these steps are complete.
Final Walk-Through
Before possession, it's a good idea to do one last walk-through to confirm nothing has been left behind and everything is clean and in order. Leaving the home in good condition helps ensure a smooth handover and a positive experience for the buyer.
A Smooth Transition
I'll help you prepare a checklist and coordinate details so the final steps go smoothly for everyone.
