Time from offer acceptance to close

How much time did it take for you to go from offer acceptance to closing? What's a normal amount of time to expect?

If it's a co-op, how much extra time did you need for board approval, etc.?

many thanks!

Re: Time from offer acceptance to close

placed offer dec 5
closed jan 26

but we closed fast!

Re: Time from offer acceptance to close

placed offer - Dec. 16
Contracts signed - Dec. 27/28
Closed - Jan. 29

Re: Time from offer acceptance to close

We placed an offer on Jan 26, signed contracts on Feb 12, and are hoping to close the week of 3/19 (the lawyer and the mortgage broker are on the same page as us as well).

ETA: Co-ops can take longer with the board approval, it all depends on when the board is scheduled to meet. I have friends who have purchased co-ops and it's taken a few months after their offer was accepted to be approved by the board. I am sure though that each co-op is different!

Message edited 3/2/2007 11:39:54 AM.

Re: Time from offer acceptance to close

For our co-op, we placed the offer at the end of March and closed in the beginning of July. Our closing was held up for a few reasons: 1) we weren't in a rush because DH's apartment lease was up at the end of July 2) we got married at the end of June and were away on our honeymoon 3) we had scheduling conflicts.

ETA: We went before the co-op board at the very beginning of June and could have closed sooner, but because of our wedding / honeymoon, we had to push things off.

Message edited 3/2/2007 11:46:05 AM.

Re: Time from offer acceptance to close

placed the offer 1/15/07
signed contract by 1/22/07
closing 3/7/07

luckily we moved fast because of the seller's situation

Re: Time from offer acceptance to close

We are also buying a co-op. We made an offer Jan 31 - offer was accepted within a week. We signed contracts, got the mortgage committment and submitted the board package for processing yesterday. Depending on the boards schedule, we should hear back the middle or end of the month to schedule an interview. Our closing is on or about Apr 5th, but we would like to puch it back until Apr 26th, so we'll see. In total, it should be about 3 mos

Re: Time from offer acceptance to close

When I bought my condo, 4 weeks. When we bought the house, 5. WHen we sold a condo, 5.

Re: Time from offer acceptance to close

offer placed 1/12
Closed today!!!!!! We closed very fast!!!

Re: Time from offer acceptance to close

Offered accepted 1/10
Closing 3/7

Re: Time from offer acceptance to close

Placed offer 11/7/06
In contract 11/22/06
Closing 3/30/07

But we needed to wait because of our lease.

Re: Time from offer acceptance to close

we were 2 -2.5 months all said and done.