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How long does it usually take for a real estate transaction to close from date of sale and the new o

  • April 14 2010 - Redmond
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Answers (8)

Hi Sam,

It usually takes 30-45 days under normal circumstances.  However, it can take longer if it is short sale.  Of course cash sales can close much sooner.

Tamara Dowd
  • May 11 2010
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30-60 days in a normal sale. A short sale will take what seems like 'forever'. A property alrady owned by a bank will take on average 60 days I would say. 
  • May 05 2010
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Profile picture for Randy Mabry
Cash can be 5 to 10 days, mortgage 30 to 45, short sale could take 40 to 90 days. 
  • May 05 2010
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There are many, many variables. If you're paying cash and your not buying a short sale it can close in a week. If you're getting a mortgage and the seller is not in a short sale it can take 30 to 45 days depending upon the lender. If you're buying a short sale you're in for a long ride.

  • May 05 2010
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30 days average.  However it is hard in this market to generalize this number because the transactions are so varied.  Because the loans may take longer and the banks "turn time" have extended due to changes in laws, guidlines, structure and even ownership it can extend a "normal" transaction an additional 30 days to 3 months.  Short sales which are now more common can take up to 7 months.
  • May 05 2010
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A regular property sale- I agree, 30-50 days.

Short sales can go on forever. I've seen them last 12 months. Ugh.

Bank owned are more like a regular sale- 30-50 days.

The length of time is typically a function of the lender's process. I'm close to you in Kirkland and usually ask about 40 days for my transactions to close.
  • April 23 2010
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Typical close from mutual acceptance is generally 30-40 days. All depends on the property situation though. If it's a distressed sale/short sale it could be much much longer

  • April 14 2010
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Profile picture for wetdawgs
I'm not sure what your question is ... it appears to have been truncated.  Could you kindly help us understand?
  • April 14 2010
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