Profile picture for sarabrowning756

what is your response time on turn around contacting

How long is it take to contact seller, and make an offer on a home, also what is.your.closing process.
  • June 15 - Cedar Park
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Answers (6)

seller-within an hour or so,
offers-see mls dates etc. When an offer is accepted. Right away other not accepted offers are contacted.

Closing-ref to contract on schedule...


Sam Shueh
Keller Wms Realty
  • June 19
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This is an interesting question with quite a few different outcomes.  Each real estate transaction is unique but there are also boiler plate standards.  In a balanced economic climate where good residential properties are on the market for 20-40 days it is common practice to submit a fair offer with a 1 day expiration.  Unless the broker has notified you that there are special directions that may delay the response i.e. the seller is out of town, the property is an estate sale, bank owned, short sale, etc...  This means that if the seller were to accept your offer as-is by the next day prior to 9pm you would have a contract for purchase.  If the expiration passes it does not mean that you won't get a contract but now the seller may offer you an offer to sell the property.  Common practice is that the seller will counter.  Their agent and your agent will probably have talked about the specifics of the counter and your agent will share this with you, or even better, and much more helpful, your agent has talked to you and the listing agent a few times to get to a verbal agreement prior to you seeing the counter.

As far as the closing process I'm assuming that you mean every step after you have a contract to purchase.  Next step is to have an inspection and for you to get your documentation to your lender (if this is a financed purchase, if it's cash you will need to provide a proof of funds to close).  The inspection is a very important part of the purchase because this is the time that you and the seller come to an agreement over the condition of the property.  Additional inspections may be needed, the price may need to be adjusted, the seller may have to complete some repairs and/or you may decide that this is just not the right house for you.  An inspection is HIGHLY recommended! 

You should also have received a copy of the preliminary title report from your agent.  This report is a very important document to review and understand.  It will tell you if any outstanding liens, disputes, or special conditions are filed on the property.  You should not delay in getting all your documentation to the lender if your purchase is financed, especially since next is your appraisal.  An appraisal is the bank's inspection of the property to ensure that the property is worth the purchase amount. 

Finally, it's time to schedule closing/signing/funding.  Prior to signing you should receive a copy of the closing docs (HUD1) which will detail the financial portion of the transaction.  This documentation is provided by the escrow agent and should be correct, it is very important that you understand this documentation prior to signing.  If all is good you meet the escrow agent and sign.  Funding can be same day as signing or a later date.  Once funding is done the escrow agent will send documentation to the government to record the sale.  Once this has been recorded you own the house and your agent can give you the keys and/or garage door opener(s).   Recording a funded/closed purchase can happen same day but typically only if signing and funding have occurred before noon or even earlier on fridays (the office closes early).

I hope that this is helpful and I wish you the best in your home buying process.  Please don't hesitate to ask any more questions.  All the best.
  • June 19
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Profile picture for wetdawgs
Whose response time are you interested in?     If you are asking about Zillow, Zillow is not a real estate company.

Different agents (not Zillow agents) have different response times.   As you look for a buyer's agent, ask them these questions.
  • June 16
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This is a question that has no single answer.  I've had situations where after previewing the property I've filled out the contract paperwork before the client even sees the property, and situations where the situation is such that it's better to wait.

Also, the closing process is pretty consistent in Washington, and typically more dependent on the seller (e.g. is the seller a bank or a relocation client, etc.).  But that said, one thing unusual I do is typically attend the escrow signing with the client.  Although over 90% of the time that is unnecessary, sometimes the escrow does make a mistake or ask the client to sign something they shouldn't.
  • June 16
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Profile picture for JoshBarnettREIB
Depends on if it is a week day or weekend, if the seller is the home owner or an investor, depends on if the offer was full price or low ball, lots of different takes on when a response will be given.  
  • June 16
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Profile picture for daveskow
Sara-,can you clarify questions ? Contacting a seller with an offer is normally done right away with then allowing a few days for seller to reply .... What do want to know about closing process ?
  • June 16
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