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Your real estate settlement date is the date that you will sign all the official documents to complete the purchase. Traditionally this is also the day that you will get the keys for the home and be able to move in. This discussion will take you through: Agreeing on a date.

The settlement date is the date when a trade is final, and the buyer must make payment to the seller while the seller delivers the assets to the buyer. The settlement date for stocks and bonds is usually two business days after the execution date (T+2).

So you have finally reached the end of the long and tedious process of buying or selling a home. Now everyone is talking about the closing day, which is also known as the settlement.

Settlement and signing With a clear title and title insurance policy?and after all other items required by the lender are complete?the title company can schedule a closing date, which is also known as the settlement date. Your title company and lender will work together to prepare the closing paperwork.

The main difference between real estate closing and settlement is the point at which ownership of the property is transferred. During settlement, the buyer and seller agree to the terms of the sale, but the actual transfer of ownership doesn't take place until the real estate closing.

Closing and settlement are often used interchangeably, but they are not exactly the same thing. Closing is the final step of the transaction, where the buyer and the seller sign the documents and exchange the keys. Settlement is the process of transferring the title, paying the fees, and recording the deed.

Prepare with this list: A cashier's or certified check for settlement payment. PHOTO IDENTIFICATION. Proof of insurance. Contact you insurance agent BEFORE settlement! If you have related invoices, be sure to bring them. Your lender may require documentation. Get a hold of your lender!