By Judy Szablak
The last week of any given month usually brings about many closings, and this month is no different except we can expect a bit of a spike for this month in particular due to its year-end timing.

This home at 6 Cardinal Lane is listed at $2,595,000. (CLICK TO ENLARGE)
Photo courtesy of Coldwell Banker Westport-Riverside/KMS PartnersThere have already been 37 closings in December, and another nine homes were entered into pending status in the month of November that should probably close in the next week as well, at a minimum, which would make it a banner month.
Scheduling a closing to avoid tax ramifications, or to obtain tax benefits can make the whole transaction that much more beneficial to either seller or buyer. But unfortunately, some sales that are scheduled for December may end up spilling over into the first week of January, and that is not without costs to the homebuyers.
What many people, buyers in particular, do not realize, is the amount of money paid at the closing table in per diem charges is greatly diminished when the closing occurs at the end of the month.