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If you closed recently- How long after you got your appraisal done did you close?

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neenie

Member since 5/05

22351 total posts

Name:

If you closed recently- How long after you got your appraisal done did you close?

Appraisal was done last Monday, was notified today that it appraised without any issues and that the buyer has a verbal commitment with conditions (cant be told what the conditions are since we're not the buyers, but RE agent thinks its prob the standard stuff like securing property insurance, etc).

Just curious how long from appraisal being done/getting it back that you were able to close. Attorney is saying it can still be a while, RE agent thinks probably 1st week of Sept. I'd like to live in the same state as my DH someday, so was hoping it would be sooner rather than later Chat Icon

Posted 8/13/12 3:26 PM
 
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evrythng4areason
And then there were 4

Member since 1/10

5224 total posts

Name:
Kayla

Re: If you closed recently- How long after you got your appraisal done did you close?

if i remember correctly there were still things after the appraisal that needed to be done-i want to say we closed about 3-4 weeks later?

Chat Icon

Posted 8/13/12 4:11 PM
 

neenie

Member since 5/05

22351 total posts

Name:

Re: If you closed recently- How long after you got your appraisal done did you close?

Thank you!

When we bought this house, it was a short sale, so all of the rules/timelines were different (plus, it was 3 years ago, so that, too, made things very different). If i google anymore, i think my head will explode Chat Icon

Posted 8/14/12 4:05 PM
 

neenie

Member since 5/05

22351 total posts

Name:

Re: If you closed recently- How long after you got your appraisal done did you close?

BUMPing to see if anyone else closed recently Chat Icon I'm pretty sure we're almost there, but am antsy, nonetheless Chat Icon

Posted 8/27/12 3:00 PM
 

Carolyn
.....

Member since 5/07

5351 total posts

Name:
Twin mommy

Re: If you closed recently- How long after you got your appraisal done did you close?

It depends what the conditions are. Could be that they need to provide more income verification, etc. so it depends when they get that info to the bank and it gets processed. I believe that our buyers had a commitment in hand about 2-3 weeks after the appraisal? But ILs sold their house and it was weeks and weeks after the appraisal before their buyers got a commitment because they had a cash business, rental properties, etc. and the bank was on them for more documentation. What is the date in your contract for the commitment? If it's close, I'd have your attorney call theirs and just see if everything's on track and to get an update. GL

Posted 8/27/12 4:09 PM
 

MrsPJB2007
MBA at your service!

Member since 7/06

12020 total posts

Name:
MJ

If you closed recently- How long after you got your appraisal done did you close?

Took about 6-7 wks or so but we had issues comes up in the title search that had to be resolved by the seller.

Posted 8/27/12 4:18 PM
 

ElizaRags35
My 2 Girls

Member since 2/09

20482 total posts

Name:
Me

If you closed recently- How long after you got your appraisal done did you close?

About 5-6 weeks. We were delayed about a week b/c we had to renegotiate since the appraisal came back low.

Posted 8/27/12 8:04 PM
 

Faithx2
All good things in 2016!!

Member since 8/05

20181 total posts

Name:

Re: If you closed recently- How long after you got your appraisal done did you close?

3weeks

Posted 8/27/12 10:31 PM
 

neenie

Member since 5/05

22351 total posts

Name:

Re: If you closed recently- How long after you got your appraisal done did you close?

Thank you, everyone!

Posted 9/3/12 9:14 PM
 

Paramount
Sweet!

Member since 7/12

4269 total posts

Name:

Re: If you closed recently- How long after you got your appraisal done did you close?

If I remember correctly it was about a week, or so??? Looking at everyone elses answers I'm thinking maybe 4 weeks....

ETA. You are talking about the mortgage company right?

Message edited 9/4/2012 12:41:41 AM.

Posted 9/4/12 12:39 AM
 

Hope2009
Grateful!

Member since 1/09

4429 total posts

Name:
A

If you closed recently- How long after you got your appraisal done did you close?

I believe it was about 3 weeks.

Posted 9/4/12 8:09 AM
 
 

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