Good for you jym!! DS has a 2BR2BA and also promised to have a “spare” room for me and H. But, I don’t have anything in writing!!
No time like the present, cbreeze 
Get it in writing 
512 - Zipyourlips, yes, but the assessed property value has to reach about $3M for the taxes to approach $30+K. $3M around here still buys a fabulous property.
Well that bedroom is slotted for a little ds#1 or a babysitter. Thats ok!
You get a better deal than we do. DS only promised that he would not mind if we move into the same city (not on the same street!) when we are very old.
I wish I could go back in time to get that kind of letter when he was 10. A 10-year-old can be “tricked” into writing this kind of letter without much efforts on our end 
He wrote it of his own accord, mcat. I dont remember why. But I kept it But if they have 2 kids, no room at the inn for us. Truly, though, I cannot imagine that we would ever live with them anyway. Would not want to do that to them.
Jym, I think the house is perfect, with a two car garage. The kids must feel so great to have good jobs in same area, the money to buy a house in good location, and a commitment. Enjoy.
Thanks, bookworm. They count their lucky stars. They will be sooo house poor, though!
Well, their salaries may be going to the house, rather like a forced retirement account. It is hard to imagine price falling much in that area.
Every penny they have except their retirement funds is going to the house! Hope the earth does not shake underneath them!! That would be bad.
Congrats to Jym about closing! It is such an accomplishment at that tender age for your DS and dil to make a purchase in this market. It requires courage and determination.
Thanks! They are signing papers at the lenders as we speak. I didn’t quite understand what has to be released over the weekend, but something isn’t finalized, and they dont get the keys, until Monday. Can someone explain?
I told them to count how many times they sign their names, and asked them to inquire if there (as here) there is a part where they sign away their constitutional rights. I forget what that was for.
Even the paper is signed, if the Escrow did not send it for recording, it is not done. So the actual closing may happen on Monday, at that time, keys will be given.
Maybe it’s the funding isn’t released immediately? I’ve signed papers, and the deal wasn’t finalized for a couple of days, until the sellers actually got the money. I was surprised during our last home buying that the sellers were really concerned about when they would get the money, as they’d scheduled a closing for the house they were buying on the next day, and needed the money. Ah…talk about cutting it close. So even after closing, I had to call up the bank and keep asking, when are you sending the money to them? That has never been my problem before. But what was worse, was even after closing, the lender was asking us to send them more documentation that we had enough spare money in our bank accounts for reserves.
I guess I don’t understand that escrow stuff, artlovers. That sounds right. And busdriver-- those sellers/buyers sure were tight if they needed the $ from your purchase to buy their next place that next day!
After they sign the loan docs, the proceeds from the loan still have to be wired into escrow. After the money is received, the deed has to be recorded. Sometimes, the seller will give the keys after the money is received and prior to recording of deed. Alternatively, sometimes the contract gives the seller a couple days to move after the deal closes. (The law on that just changed; not sure what the current law is).
It is not at all unusual for a seller to try and do a close-to-simultaneous close on houses they are selling and buying. Otherwise, after they sell and move, they have to store their property until the new house closes which adds significantly to cost of the move. And most people need the proceeds of the house they are selling to fund the house they are buying.
The sellers are already gone. They moved a while ago. And I think the staging stuff is gone too. DS will be out of town til Weds, so fiancee wants to wait til he is back to officially go in together. Cute 
This is one of the key differences between Attorney closings versus Escrow closings. East coast and other areas in the US do real estate transactions through an attorney where the parties come to a table to close and get keys.
On the West Coast we don’t use lawyers. We put the transaction into escrow with an escrow company. After loan approval, bank sends loan documents to escrow company and the buyers go into escrow office, or they can even sign docs with a Notary in their home. These massive loan documents have to get sent back to bank for final review. Upon receipt and review the bank will send loan funds via wire transfer to the escrow company (it technically goes to title company). After funds received the title company will record the Grant Deed for change in ownership. Keys are usually not released until confirmation of recording.
There are ways to speed things up, but that’s another discussion.
Thanks, coralbrook. Hope yours goes more smoothly!