question about the closing date......

[Darvin Ezell]

I have been getting all of my info together to go out and try and get my first deal under contract. I need help getting some understanding of the closing date part.

Say for example , find a seller and get a property under contract today, July 30th and I tell them I can close on or before August 29th. I turn in my purchase agreement to the title company.  I find my buyer on Aug 5th (5 days after I get property under contract) and they tell me they can close in 10 days on August 15th. On my assignment contract for the closing date, would I put August 15th, or would I make it the same as my purchase agreement and make it the 29th? My other question is, if the buyer can closer earlier than the date that I have on the purchase agreement, does the buyer just contact the title company and tell them that, and the title company will let the seller know? How does that process work if the buyer can close sooner that the date I had on purchase agreement? Do I contact the seller and let them know if its OK to close on the sooner date?

Also, once I place the purchase agreement and assignment of contract with the title company, Do I let the title company handle everything and just sit back and wait to pick up my check after closing? Any help is appreciated.