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Replies (11)
- Karoline & Wick Ashley, Realtors, "karolineashley"
- Contributions:277
It usually takes 35-45 days from the point you get an accepted offer to closing, the day your loan funds and you get your keys.
- Georgina OBryan, "GOBryan1"
- Contributions:483
In Florida, anywhere between 45-90 days, depending on the situation. With the tax credit ending April 30th, people need to be under contract in April and close by the end of June. It's tight but possible, however, no guarantees.
I've found a few new homes ready for the tax credit though.
I've found a few new homes ready for the tax credit though.
- Ofe Polack, "Ofe Polack"
- Contributions:1418
Without knowing the reasons for the postponement, it is difficult to tell. On a convenitonal loan from the day you sign the purchase and sale, you can figure on 6 weeks approximately. Things begin to change if it is a short sale or foreclosure. Also FHA may take a little longer and so will VA.
- Clay Branch, "Georgia Loans"
- Contributions:7836
What is the hold up, the seller or lender? Surely there is a long story to this, Feb 26????????????
- Michael Emery, "MikeEmery"
- Contributions:7298
Just what the heck is your Realtor telling you about the inability to close in a timely fashion. There is obviously something missing to this story.
- Be Ga, "bagnn"
- Contributions:526
Are you the buyer or the seller?
As other said, 20 to 45 days.
Buyer: what kind of financing?
As other said, 20 to 45 days.
Buyer: what kind of financing?
- Patrick Howard, "Patrick Howard"
- Contributions:30
There's more to the story than what you're tellling us. It sounds like it could be a short sale. If it didn't close when it was supposed to, your contract could no longer be valid. I would check with your realtor to see what the issue is or you could give this panel further details for a more in depth response.
- Georgina OBryan, "GOBryan1"
- Contributions:483
Why didn't they close? Are you having it built? What's the delays? Are there any contingencies? It can really depend on a lot of things as to why they don't close on time but contracts usually have an end date.
What's your realtor telling you? Have you contacted the lender and/or title company to make sure they have everything they need to close?
Like another said, if it's a short sale, it can take a long time to close depending on the bank. We have one in the office that's been attempting to close for 2 years on that short sale but most are usually not that long.
What's your realtor telling you? Have you contacted the lender and/or title company to make sure they have everything they need to close?
Like another said, if it's a short sale, it can take a long time to close depending on the bank. We have one in the office that's been attempting to close for 2 years on that short sale but most are usually not that long.
- Kenden Post
- Contributions:27
So what happened with your closing and what was holding it up?
- Jo Breglia, "jobreglia"
- Contributions:80
Well, in California there's a 17-day contingency or due-diligence period, and assuming you are not paying cash for the property, it usually takes about 30-45 days to close, as the lender usually needs a good week or so to finalize all the paperwork once loan approval is complete. We usually operate with a 30-day close here.
- Dan Kingsley, "TheRealEstateRanger"
- Contributions:110
Look on the bright side at least you will still get the tax credit :)
How long dose it usually take to close?
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