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OnlyU12
LIF Toddler
Member since 8/13 431 total posts
Name:
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Contract to closing
How long is the normal timeframe between contract to closing?
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Posted 4/29/14 11:13 AM  |
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Prudential Douglas Elliman Real Estate
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Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
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Contract to closing
i signed my contract october 22nd and closed december 19th.
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| Posted 4/29/14 12:20 PM |
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Re: Contract to closing
Assuming there's a mortgage involved, I'd say 45-60 days is typical. That assumes no title or C/O issues to be resolved, which can delay things.
That also assumes that the buyer gets everything in to the bank quickly (doesn't drag feet with paperwork) and that the attorney orders title (and a survey, if needed) as soon as you go into contract. Sometimes everyone is ready to close and then all of a sudden the buyer's attorney realized he needs a new survey or never ran title, and that will add a couple of weeks (even if everything comes back clean).
And of course, this assumes that the seller is ready to close within the standard time frame and doesn't negotiate an extended close.
If it's an all cash deal, and the parties are ready to close asap, it can happen in a matter of a couple of weeks, because all that needs to happen is that the buyer's attorney run title. There's no lender to deal with.
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| Posted 4/29/14 12:24 PM |
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Dee0522
And then there were four...
Member since 6/09 2088 total posts
Name:
Denise
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Re: Contract to closing
We went into contract on 11/25 and closed on 1/21.
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| Posted 4/29/14 2:30 PM |
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KarenK122
The Journey is the Destination
Member since 5/05 4431 total posts
Name:
Karen
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Contract to closing
We put an offer in 1/19/14, contract was finally signed on 2/5/14 and we will be closing on 5/22/14. All waiting on the seller, we were cleared to close on 3/30/14.
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| Posted 4/29/14 3:08 PM |
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JenMarie
One day at a time
Member since 11/07 7397 total posts
Name:
Jennifer
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Contract to closing
We went into contract on 5/21 and closed 6/21, so exactly one month for us.
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| Posted 4/30/14 9:56 AM |
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Paramount
Sweet!
Member since 7/12 4287 total posts
Name:
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Contract to closing
About 2 1/2 months for us.
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| Posted 4/30/14 10:00 AM |
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chilltocam
LIF Adult
Member since 11/11 9141 total posts
Name:
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Contract to closing
Exacty 60 days for us
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| Posted 4/30/14 10:40 AM |
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Chai77
Brighter days ahead
Member since 4/07 7364 total posts
Name:
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Re: Contract to closing
My realtor said the closing is typically two to three months after going to contract.
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| Posted 4/30/14 4:07 PM |
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jendar
happy bday mom! 7yrs married
Member since 12/13 1323 total posts
Name:
thank you mom. i love you
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Re: Contract to closing
Posted by Paramount
About 2 1/2 months for us.
Us too
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| Posted 5/1/14 9:45 AM |
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ElizaRags35
My 2 Girls
Member since 2/09 20494 total posts
Name:
Me
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Contract to closing
Signed mid-August, closed mid-October.
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| Posted 5/1/14 2:14 PM |
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Kitten1929
LIF Adult
Member since 1/13 6040 total posts
Name:
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Contract to closing
60 days.
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| Posted 5/1/14 5:42 PM |
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