The graysons just closed on their new home. they move in tomorrow. what type of contract do the graysons have?

An agreement that has passed the signing stage and been accepted by all required parties is said to have been executed. Now that the agreement is in place, it can be enforced.
It marks the beginning of the deal. When both parties have fulfilled their end of the bargain, the contract is considered to have been executed.
When the papers are signed by both parties at closing, an executed real estate contract has reached that stage.

What distinguishes a signed document from an executed one?

An agreed-upon and signed written legal agreement between all contract parties is referred to as an executed contract. Contrarily, a contract that has been agreed to and signed but is still in effect is called an executory contract.

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