In real estate jargon, what does COE + 3 mean?

[PhyllisHarb]

COE is a real estate acronym for close of escrow. COE + 3 means that possession to the buyer is to be three days after escrow closes. If escrow closes on Tuesday, Tuesday is day one and the third day (possession is Thursday).

Much of what is indicated in the residential purchase contract is negotiable. Certain items such as allocation of escrow and title fees are customary in certain neighborhoods. Possession to the buyer is typically negotiable and often runs the gamut from possession at closing to seller rent backs.

[ExRepublican]

Interesting, I always thought buyers moved in the day the escrow was fully processed.

[khelzy09]

Originally Posted by PhyllisHarb

COE is a real estate acronym for close of escrow. COE + 3 means that possession to the buyer is to be three days after escrow closes. If escrow closes on Tuesday, Tuesday is day one and the third day (possession is Thursday).

Much of what is indicated in the residential purchase contract is negotiable. Certain items such as allocation of escrow and title fees are customary in certain neighborhoods. Possession to the buyer is typically negotiable and often runs the gamut from possession at closing to seller rent backs.

interesting findings..have no idea about this..
thanks for sharing..