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We put in our offer the closing date we wanted. It was based on trying to shorten the amount of lease-mortgage overlap we'd be responsible for. We agreed on a contract at the end of January and specified a closing date of March 3.
Each deal is different but I would say the average time to close from offer acceptance would be 30-45 days. 60 is normally okay with an explanation ie: lease, relo, etc..
Anything further would be suspicious and I would ask for a larger earnest money deposit and explanation.
Each deal is different but I would say the average time to close from offer acceptance would be 30-45 days. 60 is normally okay with an explanation ie: lease, relo, etc..
Anything further would be suspicious and I would ask for a larger earnest money deposit and explanation.
We're actually hoping for a shorter wait so that we can move out of temp housing ASAP.
I was just wondering if sellers in todays market are more anxious to go to closing sooner rather than later so that they can move on.
We're actually hoping for a shorter wait so that we can move out of temp housing ASAP.
I was just wondering if sellers in todays market are more anxious to go to closing sooner rather than later so that they can move on.
You could do that but I would cover a couple of things first before entertaining that option. Speak with you lender to make sure they can get things done quickly in a timely manner. Also, talk to your agent and make sure that the inspections, appriasal, title work, etc.. are expedited to fit the timeline.
On a side note... if it's a cash deal most times you can get them closed in two weeks. Sometimes 1 week if an inspector can go out right away, the house has a clean report(little to no repairs), and the attorney can get title work completed quickly.
our response from the sellers was quick on the offer we made, and closing we needed 6 weeks and went off just when we needed it..
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