The closing day is for the seller, and the pocession day is for the buyer. + K- x9 M \- U' f( O$ X# IBut they should be the same day in a contract. Normally, on that day, your lawyer will check ( D9 U/ r0 b/ ~7 athe money. If the money has been transferred from buyer's lawyer trust account to seller's ; b" O) _8 E& K6 k9 dlawyer trust account, the seller's lawyer will phone the seller's realor to release the key. : Q5 V/ l6 ^% c% z' AThen the deal is mainly finished. Other small issues still can bother both sides for several - n u1 L7 _ u$ f. zmonths or even longer time.