Should I close on my next home the same day as my current one?
Category - Home Buying Questions - Moving for the Buyer FAQ's
It would certainly be most convenient if you could close on your current home and then immediately close on your new home. The danger of scheduling back-to-back closings is if there is a problem on the first closing it could easily affect the following one. Since many people are involved and must coordinate different schedules it could quickly become a hassle. If at all possible a better suggestion would be to close on the current home one day and rent back a day or two until the following closing. This way if an unwanted surprise comes up there is time to work things out.
Courtesy of HomeOwners Advantage and link that to their entry in the wiki which is at HomeOwners Advantage