Im trying to buy a house in Cleveland with cash and Ive met with two different real estate agents when I asked both how long do you think it would take to close one said at most two weeks if all goes right and the other said atleast three weeks if all goes right so wich one right?
2007-12-08 02:53:17 · 4 answers · asked by jed b 1 in Business & Finance ➔ Renting & Real Estate
They are both right!!!
With a cash purchase it's often possible to close in a week - when required. However, both agents are being appropriately cautious on your behalf.
Inpspections and Title work are the main obstacles but it could also be the Seller not being able to move any faster.
What puzzles me, is why you are dealing with TWO AGENTS when you should only be working through one?!!!
Ouch!!! Time to come clean and stop wasting their time and money!!!
2007-12-08 03:09:32 · answer #1 · answered by PI 3 · 1⤊ 0⤋
HOW MANY TIMES ARE YOU GOING TO ASK THIS QUESTION? Is this 3 or 4 times now?
You got the opinion from Realtors who work in your area, with your title companies, with those processes. Depending on the scenario, the time to close can vary. As I said last night, if paperwork has to be mailed to out of town owners, it can add a few extra days. If you are dealing with a bank owned property, it can add a week.
As a Realtor, I guess on the long side, that way if we close early, great! With you, I wouldn't want to miss my guess of 2 weeks and have you blowing up my cell phone with constant calls about "when are we going to close?" As if your Realtor has control of the title company and the speed of the sellers processing the paperwork.
Dang, what is the big rush anyway?
2007-12-08 13:36:51 · answer #2 · answered by godged 7 · 0⤊ 0⤋
The date of close will depend on the seller as well. If you find a VACANT property, the process can be completed quickly, within a couple of weeks, or even less, if enough pressure is put on a title firm. Be sure to allow yourself sufficient time to get a proper professional inspection of the property.
If you select an occupied property, the sellers will doubtless need time to find other accommodations in which to live, and they probably will ask for a somewhat extended close date.
As far as your actual question goes, the time for close will vary dependent on the seller's agreement for a close date.
2007-12-08 11:16:50 · answer #3 · answered by acermill 7 · 1⤊ 0⤋
Both are right if the paper work moves along smoothly. Allow thirty days at most & if it happens sooner, you'll be surprised. Best wishes in Cleveland. I hope you like the cold & brutal winters. I moved south from that area because of the Lake Effect snows.
2007-12-08 11:16:21 · answer #4 · answered by Shortstuff13 7 · 0⤊ 0⤋