Why June 30th (and Fridays) Aren’t Ideal for Closings

When you’re choosing a closing date, it might seem like a small logistical detail. But in real estate, timing can have a real impact on how smoothly everything comes together - especially if you’re aiming for June 30th.

It’s an understandable choice. June 30th is the end of the month and the end of the second quarter, school is done, and summer is starting, which makes it a popular target for buyers, sellers, and financial institutions alike. But what most people don’t realize is that it’s also the single busiest closing day of the year - and that can create problems.

Why June 30th Causes Bottlenecks

On June 30th, real estate lawyers, mortgage brokers, and bank staff are often at capacity. Everyone is trying to close at once, and when volume spikes like that, even simple transactions can face delays.

If a lender’s instructions are late, if a correction needs to be made to the documents, or if a wire is delayed, your entire closing can be pushed back. And on a day when dozens of other deals are also trying to cross the finish line, it can be hard to get quick responses or extra attention.

Why Fridays Increase the Risk

Fridays might seem appealing - close before the weekend, move in right after - but they come with a downside. If something doesn’t go through in time, you’re stuck waiting until Monday to resolve it. That can mean sitting in limbo for three days, with moving trucks scheduled, possession delayed, and no clear timeline.

Law firms, banks, and more importantly, the Registry Office, are all closed on weekends. There is no way to process paperwork, send or receive funds, or finalize registration until business hours resume. A delay on a Friday can quickly turn into a full weekend of uncertainty.

A Better Approach

If you have the flexibility, try to avoid the very end of the month and steer clear of Fridays. Closing even a few days earlier - or bumping to the first few days of the next month - can make a big difference. If anything unexpected does come up, there’s still room to address it without stress.

The Bottom Line

Your closing day should be a smooth, straightforward finish - not a high-stress, last-minute scramble. June 30th and Fridays might seem convenient, but they often come with more risk than reward.

A well-timed closing gives everyone - your lawyer, your lender, and most importantly, you - the space to do things properly. It’s a simple shift that can make a big difference in your overall experience.

So if you have a choice, choose a day that sets you up for success. It’s worth it.