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In Illinois, who sets the closing TIME? The buyer or the seller?

We've used the same attorney for a home purchase and a home sale and she's told us the buyer sets it (when we sold our home) and then she told us the seller sets it when we first purchased a home in Illinois. We're looking at buying another home and don't want to get screwed on the closing time again. Anyone care to clarify this for me please? Thanks!!
  • November 25 2013 - US
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Answers (4)

If multiple parties are involved - buyer, seller, attorneys, bank etc - it has to be set at a time which is convenient to bring the parties together.  Since the buyer is bringing the funds from the bank - the bank will tell you what day you can close.  The hour of closing is arranged between the parties.
  • November 26 2013
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If there's a loan involved, the Lender is going to play a role in the decision making.
  • November 25 2013
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Profile picture for user0895541
Right, but the issue of time arises for taking custody of the keys. We know we don't actually have to be present at closing, but we also know the sellers don't have to turn the keys over until the time of closing. We are confused (thanks to our attorney) at who actually sets the time of closing. The date has already been agreed upon in the offer to purchase.
  • November 25 2013
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Profile picture for wetdawgs
 Negotiation tends to be a good approach. 

If you are talking about date, then it is proposed in the purchase offer and agreed to.  If you are talking about clock time, the buyer and seller do not have to be in the same room.  In fact, signatures can occur electronically if one party is off on a business trip or holiday.
  • November 25 2013
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